WEBVTT Kind: captions Language: en 00:00:00.900 --> 00:00:01.900 The Rule of 72 00:00:01.900 --> 00:00:03.420 Do you know the Rule of 72? 00:00:03.420 --> 00:00:07.990 It's an easy way to calculate just how long it's going to take for your money to double. 00:00:07.990 --> 00:00:12.469 Just take the number 72 and divide it by the interest rate you hope to earn. 00:00:12.469 --> 00:00:16.740 That number gives you the approximate number of years it will take for your investment to double. 00:00:16.840 --> 00:00:23.340 As you can see, a one-time contribution of $10,000 doubles six more times at 12 percent 00:00:23.349 --> 00:00:25.289 than at 3 percent. 00:00:25.289 --> 00:00:27.050 How many doubling periods do you have in your life?