Rule of 72 Explained // Double Your Money // Stock Secrets

Today we explore the rule of 72 explained in a quick, funny manner. If you are seeking ways you can double your money in 5 years or less or double money with stocks this episode has got you covered! We will also investigate a few investments that could have a high likelihood of doubling your money over the next 5 years. We will investigate the Rule of 72 and how the Rule of 72 is used to quickly calculate compound interest based on various variables. Whether you are an entrepreneur or a regular working person saving money, these formulas can help you understand what it takes to double your money. Full Written Transcript and Episode Resources available here: https://journeymaninvestor.com/can-i-... Chapters: 0:00 Introduction 0:33 Robot Chicken - Richy Rich Skit 0:50 The Rule of 72 1:04 The 2 formulas you need to know to double your money 2:12 Gamestop Employee Case Study 3:01 3 ETF Investments that would have doubled your money in 5 years or less 3:47 Final Thoughts --------------- Rule of 72 Resources -------------- Table - How Much Interest Needed to Double Your Money (Years): https://en.wikipedia.org/wiki/Talk%3A... Mathematics: https://en.wikipedia.org/wiki/Rule_of_72 -------------- Stock Brokerages -------------- Robinhood Brokerage (Get 2 free stocks!) https://join.robinhood.com/nealb100 M1 Finance (Free Trading) Brokerage Account (Affiliate Link) https://m1.finance/HbPjSXNI_cUw -------------- Balanced Portfolios -------------- Invest in the JL Collins "Simple Path to Wealth" Portfolio https://m1.finance/x_5RM4AixjUV Invest in the Harry Browne "Permenant Portfolio" https://m1.finance/6gq2XMRfjjnW Invest in the Ray Dalio "All-Seasons Portfolio" https://m1.finance/Fhk3NTYHX9Cc -------------- Audio Clip Credits -------------- No third-party audio clips were used during this video -------------- *Amazon Affiliate Links* Books Relevant to this discussion: I Will Teach You To be Rich (Ramit Sethi) - https://amzn.to/34LjPEp A Random Walk Down Wall Street (Burton Malkiel) - https://amzn.to/3axgXf6 The Simple Path to Wealth (JL Collins) - https://amzn.to/3aOTJRW Music Provided By: https://www.bensound.com #Savings #Investing #Finance