If you want to know how long it will take you to double your investment at a specific fixed interest rate, the rule of 72 is the fastest way to do so.
The rule of 72 is a simple formula that shows how quickly your money will double at a given return rate.
The Rule of 72 is a calculation that estimates the number of years it takes to double your money at a specified rate of return.
For example, if your account earns 4 percent, divide 72 by 4 to get the number of years it will take for your money to double. In this case, 18 years.
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The rule of 72 is a simple formula that shows how quickly your money will double at a given return rate.
The Rule of 72 is a calculation that estimates the number of years it takes to double your money at a specified rate of return.
For example, if your account earns 4 percent, divide 72 by 4 to get the number of years it will take for your money to double. In this case, 18 years.
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Investing is an effective way to put your money to work and potentially build wealth.
But, smart investing may allow your money to outpace inflation and increase in value.
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But, smart investing may allow your money to outpace inflation and increase in value.
Have you signed up for my newsletter? Hop on to www.boluokunade.com to do so now
What is the difference between Stocks and Bonds?
Anonymous Quiz
9%
Bond is a partial ownership in a corporation while stock is a loan from you to a company/government
91%
Stock is a partial ownership in a corporation while bond is a loan from you to a company/government
A 401k is an employer-sponsored retirement account.
It allows an employee to dedicate a percentage of their pre-tax salary to a retirement account.
A set percentage the employee chooses is automatically taken out of each paycheck and invested in a 401k account
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It allows an employee to dedicate a percentage of their pre-tax salary to a retirement account.
A set percentage the employee chooses is automatically taken out of each paycheck and invested in a 401k account
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FedEx At its low point had $5000 to its name, which wasn’t enough to continue operating as their planes needed fuel and that wouldn’t cover it.
Fed W. Smith took the $5000 and flew to Las Vegas and played Black Jack that weekend with the remaining company funds.
By Monday the company had $32,000 in its bank account
Today, FedEx is worth $50 billion and has over 400,000 employees.
In Fed Smith words "Fear of failure must never be a reason not to try something"
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Fed W. Smith took the $5000 and flew to Las Vegas and played Black Jack that weekend with the remaining company funds.
By Monday the company had $32,000 in its bank account
Today, FedEx is worth $50 billion and has over 400,000 employees.
In Fed Smith words "Fear of failure must never be a reason not to try something"
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Welcome to a new month!🥳🥳
May this month of May be filled with many blessings and advancements for you. 🙏
This month, you will make much progress financially.
As always, I am rooting for you!💪
Welcome once again to your money month
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May this month of May be filled with many blessings and advancements for you. 🙏
This month, you will make much progress financially.
As always, I am rooting for you!💪
Welcome once again to your money month
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Today, I will be uncovering a technique that will guide you whenever you are about to make an investment with a tripling compounding profit.
Get your pen and calculator; We are about to solve some mathematics.😅
The technique is called "RULE 114".
Through this rule, you can calculate how many years or in what time will your investment triple in value.
You divide the number '114' by the return percentage or the interest rate on the investment.
Let's say you were promised an annual return of 14%, the time it is going to take to triple your money would be (114/ 14) = 8.14 years.
You can share this channel with friends and family.🤗❤️
Deep wealth creation and building nuggets are shared in my weekly newsletter. Don't forget to sign up www.boluokunade.com
Get your pen and calculator; We are about to solve some mathematics.😅
The technique is called "RULE 114".
Through this rule, you can calculate how many years or in what time will your investment triple in value.
You divide the number '114' by the return percentage or the interest rate on the investment.
Let's say you were promised an annual return of 14%, the time it is going to take to triple your money would be (114/ 14) = 8.14 years.
You can share this channel with friends and family.🤗❤️
Deep wealth creation and building nuggets are shared in my weekly newsletter. Don't forget to sign up www.boluokunade.com
Zig Ziglar once said, "You don't have to be great to start but you have to start to be great."
The financial achievement you seek can only be attained by starting today.
Feel free to share this channel with friends and family.🤗❤️
Deep wealth creation and building nuggets are shared in my weekly newsletter. Don't forget to sign up www.boluokunade.com
The financial achievement you seek can only be attained by starting today.
Feel free to share this channel with friends and family.🤗❤️
Deep wealth creation and building nuggets are shared in my weekly newsletter. Don't forget to sign up www.boluokunade.com
Which of these statment do you think is correct?
Anonymous Poll
36%
Personal finance is 20% behaviour and 80% knowledge acquried
64%
Personal fiance is 80% behaviour and 20% knowledge acquired
This weekend
I’ll see speaking for cowrywise touching the fundamentals to wealth creation and building.
Don’t think you know what I’m about to teach
Join in the for this session here
https://bit.ly/cucowrywise
I’ll see speaking for cowrywise touching the fundamentals to wealth creation and building.
Don’t think you know what I’m about to teach
Join in the for this session here
https://bit.ly/cucowrywise
This Saturday 🤩🤩🤩
We have done the ground work to get notable speakers that would surely leave you with words and strategies to remember for your career development.
Have you registered for Revamp 3.0(our Annual Talent Development Conference yet)?
Conference is strictly by registration
Register with bit.ly/revamp2022
Join Haoma Worgu and envisage hub for this conference starting tomorrow
We have done the ground work to get notable speakers that would surely leave you with words and strategies to remember for your career development.
Have you registered for Revamp 3.0(our Annual Talent Development Conference yet)?
Conference is strictly by registration
Register with bit.ly/revamp2022
Join Haoma Worgu and envisage hub for this conference starting tomorrow
FEW HOURS TO GO🤩🤩
Set a reminder if you have to
You don't want to miss this🔥🔥
I’ll be speaking at cowrywise's financial webinar; touching on the fundamentals of wealth creation and building.
Don’t think you know what I’m about to teach
Join in the for this session here
https://bit.ly/cucowrywise
Set a reminder if you have to
You don't want to miss this🔥🔥
I’ll be speaking at cowrywise's financial webinar; touching on the fundamentals of wealth creation and building.
Don’t think you know what I’m about to teach
Join in the for this session here
https://bit.ly/cucowrywise
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It's a new week✨🕺💃
Kick start the week with financial affirmations so that you can stay conscious of positive steps to help you achieve your financial goals.
Ensure to save this post and share it with family and friends.😉
Deep wealth creation and building nuggets are shared in my weekly newsletter. Don't forget to sign up www.boluokunade.com
Kick start the week with financial affirmations so that you can stay conscious of positive steps to help you achieve your financial goals.
Ensure to save this post and share it with family and friends.😉
Deep wealth creation and building nuggets are shared in my weekly newsletter. Don't forget to sign up www.boluokunade.com
The vision is clear
Young people legitimately wealthy
Are you ready
The waitlist is already 210% full
Join in today, let me hold your hand to wealth
bit.ly/Mentorshipwaitlist
Young people legitimately wealthy
Are you ready
The waitlist is already 210% full
Join in today, let me hold your hand to wealth
bit.ly/Mentorshipwaitlist
Ever heard of " the 3x Emergency Rule"?👀
The term Emergency Fund refers to money kept away to use in times of financial distress.
An emergency fund aims to improve financial security by creating a safety net that can meet uncalled expenses, such as an illness or major home repairs.
The rule states that you put 3 times your monthly income in emergency funds
Here are some reasons why this rule is vital
Stability of income: If you are a working employee, even if you work at a stable company then the risk of a job loss should always be considered.
Health Expense: This can happen unprecedentedly so saving up for it will guard you when it happens unexpectedly.
Family Financial Security: If you are the sole bread earner in the family or have a family that depends on you financially, you must maintain an emergency fund to account for their financial well-being in case of any mishap.
Ensure to save this post and share it with family and friends.😉
Deep wealth creation and building nuggets are shared in my weekly newsletter. Don't forget to sign up www.boluokunade.com
The term Emergency Fund refers to money kept away to use in times of financial distress.
An emergency fund aims to improve financial security by creating a safety net that can meet uncalled expenses, such as an illness or major home repairs.
The rule states that you put 3 times your monthly income in emergency funds
Here are some reasons why this rule is vital
Stability of income: If you are a working employee, even if you work at a stable company then the risk of a job loss should always be considered.
Health Expense: This can happen unprecedentedly so saving up for it will guard you when it happens unexpectedly.
Family Financial Security: If you are the sole bread earner in the family or have a family that depends on you financially, you must maintain an emergency fund to account for their financial well-being in case of any mishap.
Ensure to save this post and share it with family and friends.😉
Deep wealth creation and building nuggets are shared in my weekly newsletter. Don't forget to sign up www.boluokunade.com