Comments on: Use the Rule of 72 to Understand Compound Interest http://genxfinance.com/2007/11/07/use-the-rule-of-72-to-understand-compound-interest/ Helping a unique generation achieve financial independence. Sat, 20 Mar 2010 15:15:15 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Ron Rice S.A.G.E. http://genxfinance.com/2007/11/07/use-the-rule-of-72-to-understand-compound-interest/#comment-120269 Ron Rice S.A.G.E. Sun, 17 May 2009 14:15:51 +0000 http://genxfinance.com/2007/11/07/use-the-rule-of-72-to-understand-compound-interest/#comment-120269 THE RULE OF 72 IS HELPFUL FOR US AS WE TALK WITH 7TH AHD 8TH GRADERS ABOUT THE RISKS AND SERIOUS CONSEQUENCES OF CASUAL GAMBLING, ESPECIALLY GAMBLING ON THE INTERNET IN THE QUIET OF THEIR HOMES. WHEN A TEEN GETS THE SAVING HABIT AT A YOUNG AGE, GAMBLING THEIR MONEY AWAY AT "ROCKET SPEEDS" IS NOT AN OPTION FOR THEM. GAMBLING IS NOT EDUCATION FRIENDLY!! THE MORE WE EDUCATE MIDDLE SCHOOL YOUTH ABOUT SMART MONEY MANAGEMENT THE LESS THE PROBALIBILITY THEY WILL START TO GAMBLE, RON RICE, FOUNDER S.A.G.E. (STUDENTS AWARE OF GAMBLING EXCESSES) 636-485-1445 THE RULE OF 72 IS HELPFUL FOR US AS WE TALK WITH 7TH AHD 8TH GRADERS ABOUT THE RISKS AND SERIOUS CONSEQUENCES OF CASUAL GAMBLING, ESPECIALLY GAMBLING ON THE INTERNET IN THE QUIET OF THEIR HOMES.

WHEN A TEEN GETS THE SAVING HABIT AT A YOUNG AGE, GAMBLING THEIR MONEY AWAY AT “ROCKET SPEEDS” IS NOT AN OPTION FOR THEM.

GAMBLING IS NOT EDUCATION FRIENDLY!! THE MORE WE EDUCATE MIDDLE SCHOOL YOUTH ABOUT SMART MONEY MANAGEMENT THE LESS THE PROBALIBILITY THEY WILL START TO GAMBLE,

RON RICE, FOUNDER
S.A.G.E. (STUDENTS AWARE OF GAMBLING EXCESSES)
636-485-1445

]]> By: PF bloggers' March Madness is no slam dunk - Smart Spending http://genxfinance.com/2007/11/07/use-the-rule-of-72-to-understand-compound-interest/#comment-62663 PF bloggers' March Madness is no slam dunk - Smart Spending Thu, 13 Mar 2008 00:55:04 +0000 http://genxfinance.com/2007/11/07/use-the-rule-of-72-to-understand-compound-interest/#comment-62663 [...] in Round Two is Gen X Finance's "Use the Rule of 72 to understand compound interest." Do you know the Rule of 72? Divide 72 by the interest earned by your investment account to see [...] [...] in Round Two is Gen X Finance’s “Use the Rule of 72 to understand compound interest.” Do you know the Rule of 72? Divide 72 by the interest earned by your investment account to see [...]

]]> By: thehungrydollar.com http://genxfinance.com/2007/11/07/use-the-rule-of-72-to-understand-compound-interest/#comment-59598 thehungrydollar.com Sat, 23 Feb 2008 01:00:23 +0000 http://genxfinance.com/2007/11/07/use-the-rule-of-72-to-understand-compound-interest/#comment-59598 While I've seen the numbers before, I really like the "Table of Returns." I'm very visual and it really puts things in perspective... While I’ve seen the numbers before, I really like the “Table of Returns.” I’m very visual and it really puts things in perspective…

]]> By: Adfecto http://genxfinance.com/2007/11/07/use-the-rule-of-72-to-understand-compound-interest/#comment-59518 Adfecto Thu, 21 Feb 2008 22:29:44 +0000 http://genxfinance.com/2007/11/07/use-the-rule-of-72-to-understand-compound-interest/#comment-59518 The rule of 72 is pretty nice. I also like a graph that has two lines. One shows the balance of an investment account and the other shows the tally of contributions. The contributions are a simple line with a slow upward slope and the balance takes off like a rocket as compound interest works its magic. Most people understand things much better in graphical form than in words or numbers. The rule of 72 is pretty nice. I also like a graph that has two lines. One shows the balance of an investment account and the other shows the tally of contributions. The contributions are a simple line with a slow upward slope and the balance takes off like a rocket as compound interest works its magic. Most people understand things much better in graphical form than in words or numbers.

]]> By: Eric Toya - LWM Blog http://genxfinance.com/2007/11/07/use-the-rule-of-72-to-understand-compound-interest/#comment-59378 Eric Toya - LWM Blog Wed, 20 Feb 2008 23:26:37 +0000 http://genxfinance.com/2007/11/07/use-the-rule-of-72-to-understand-compound-interest/#comment-59378 The rule of 72 is an amazing piece of math, isn't it? I once volunteered for a program that taught finance basics to high school kids in low income neighborhoods. They didn't get the concept of compounding interest until I used the rule of 72. Of course, it has its limits. If you earn 72% in one year, you will not have doubled your money. The rule of 72 is an amazing piece of math, isn’t it? I once volunteered for a program that taught finance basics to high school kids in low income neighborhoods. They didn’t get the concept of compounding interest until I used the rule of 72.

Of course, it has its limits. If you earn 72% in one year, you will not have doubled your money.

]]> By: Using Simple Rules to Predict your Retirement Needs | Moolanomy http://genxfinance.com/2007/11/07/use-the-rule-of-72-to-understand-compound-interest/#comment-43761 Using Simple Rules to Predict your Retirement Needs | Moolanomy Thu, 06 Dec 2007 14:00:33 +0000 http://genxfinance.com/2007/11/07/use-the-rule-of-72-to-understand-compound-interest/#comment-43761 [...] Use the Rule of 72 to Understand Compound Interest @ GenerationXFinance [...] [...] Use the Rule of 72 to Understand Compound Interest @ GenerationXFinance [...]

]]> By: Sandra Z Ciaramitaro http://genxfinance.com/2007/11/07/use-the-rule-of-72-to-understand-compound-interest/#comment-42774 Sandra Z Ciaramitaro Fri, 30 Nov 2007 06:33:35 +0000 http://genxfinance.com/2007/11/07/use-the-rule-of-72-to-understand-compound-interest/#comment-42774 I liked the subject matter, but mostly how you explained saving and went thru the process. Very sound advice. I liked the subject matter, but mostly how you explained saving and went thru the process. Very sound advice.

]]> By: Ted http://genxfinance.com/2007/11/07/use-the-rule-of-72-to-understand-compound-interest/#comment-41695 Ted Mon, 26 Nov 2007 22:00:51 +0000 http://genxfinance.com/2007/11/07/use-the-rule-of-72-to-understand-compound-interest/#comment-41695 Compound interest is indeed a miracle of finance. If I'd have only paid more attention to my father's advice about saving early. I've seen the numbers work out that if you save $2k/year from age 18-24 (6 years) that money will compound into more money at retirement than if you save $2k/year for the next 40 years until retirement. Compound interest is indeed a miracle of finance. If I’d have only paid more attention to my father’s advice about saving early.

I’ve seen the numbers work out that if you save $2k/year from age 18-24 (6 years) that money will compound into more money at retirement than if you save $2k/year for the next 40 years until retirement.

]]> By: Kevin http://genxfinance.com/2007/11/07/use-the-rule-of-72-to-understand-compound-interest/#comment-41430 Kevin Mon, 26 Nov 2007 06:03:16 +0000 http://genxfinance.com/2007/11/07/use-the-rule-of-72-to-understand-compound-interest/#comment-41430 Einstien also said that "compound interest is the most powerful force in the universe." Einstien also said that “compound interest is the most powerful force in the universe.”

]]> By: hank http://genxfinance.com/2007/11/07/use-the-rule-of-72-to-understand-compound-interest/#comment-41349 hank Mon, 26 Nov 2007 03:37:20 +0000 http://genxfinance.com/2007/11/07/use-the-rule-of-72-to-understand-compound-interest/#comment-41349 It's amazing how nicely it works - the downside to being young though is that you DON'T know about investing (generally). But it really is amazing!!! It’s amazing how nicely it works – the downside to being young though is that you DON’T know about investing (generally). But it really is amazing!!!

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