Einstein's Rule Of 72 by Roger Sorensen
... Einstein once said, "If people understood the Rule of 72 they would never put their money in banks!” If you have $10,000 invested in a mutual fund that returns 10% divide 10% into 72. Your money will double in 7.2 years. A much better return! Doubling your money is a VERY important part of wealth accumulation. If your money is in the bank at 4%, how many doubles do you have left in your lifetime? If you are 35 years old, with money earning a measly 4% in a bank and doubling only every 18 ...