https://www.thestreet.com/.image/t_share/MTY3NTM5NjIxMDc1NzU2NDIz/rule-of-72-what-is-the-formula-and-why-does-it-work.jpg Have you heard of the Rule of 72. Itβs a simple concept all finance peeps should know. The Rule of 72 is a simplified formula that calculates how long it'll take for an investment to double in value, based on its interest rate (compounded annually.) # But, how does it work? It couldnβt be easier. For reals. Just divide the interest rate into 72. # For example... If you want to know how long it will take to double your money at eight percent interest, just divide 72 by 8. That gets you 9. So, if you earn 8%, your money will double in roughly 9 years. This also works in reverse π If you wanna double your money in 9 years, you will need to earn 8%, APR. https://images.hive.blog/640x0/https://files.steempeak.com/file/steempeak/steem.leo/TxGWqiPZ-steemleo20black20token20divider.png <center> *Thanks for stopping by!* </center> Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@mcoinz79/rule-of-72)
| author | mcoinz79 |
|---|---|
| permlink | rule-of-72 |
| category | hive-167922 |
| json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["neoxian","proofofbrain","palnet","mancave","hivehustlers","ctp","leofinance"],"canonical_url":"https://leofinance.io/@mcoinz79/rule-of-72","image":["https://www.thestreet.com/.image/t_share/MTY3NTM5NjIxMDc1NzU2NDIz/rule-of-72-what-is-the-formula-and-why-does-it-work.jpg","https://images.hive.blog/640x0/https://files.steempeak.com/file/steempeak/steem.leo/TxGWqiPZ-steemleo20black20token20divider.png"]} |
| created | 2021-03-30 19:59:12 |
| last_update | 2021-03-30 19:59:12 |
| depth | 0 |
| children | 8 |
| last_payout | 2021-04-06 19:59:12 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 1.160 HBD |
| curator_payout_value | 1.034 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 1,056 |
| author_reputation | 184,865,894,737,148 |
| root_title | "Rule Of 72 π " |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 102,707,924 |
| net_rshares | 2,901,111,851,402 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| mangou007 | 0 | 88,482,394 | 4.13% | ||
| mammasitta | 0 | 140,716,204,057 | 30% | ||
| rxhector | 0 | 3,789,936,206 | 50% | ||
| anarcist69 | 0 | 7,262,850,317 | 15% | ||
| bert0 | 0 | 348,447,778 | 4.13% | ||
| oldtimer | 0 | 3,286,674,385 | 10% | ||
| amr008 | 0 | 1,484,589,041 | 5% | ||
| doitvoluntarily | 0 | 313,351,863,068 | 100% | ||
| dylanhobalart | 0 | 54,875,447,373 | 22% | ||
| filotasriza3 | 0 | 13,326,766,166 | 20% | ||
| ganjafarmer | 0 | 1,183,729,060 | 1.5% | ||
| lordneroo | 0 | 4,539,775,885 | 100% | ||
| batman0916 | 0 | 3,802,830,095 | 22.5% | ||
| amberyooper | 0 | 56,156,711,234 | 20% | ||
| stackin | 0 | 3,917,724,095 | 50% | ||
| stevelivingston | 0 | 83,450,966,539 | 50% | ||
| wdougwatson | 0 | 10,988,406,909 | 40.1% | ||
| derekrichardson | 0 | 3,448,826,182 | 4.5% | ||
| paasz | 0 | 73,005,808,760 | 100% | ||
| mcoinz79 | 0 | 127,059,952,018 | 100% | ||
| summertooth | 0 | 9,605,679,948 | 100% | ||
| stefen | 0 | 351,492,819 | 3% | ||
| dinsha | 0 | 3,833,768,079 | 100% | ||
| taintedblood | 0 | 3,542,670,551 | 15% | ||
| suheri | 0 | 770,498,871 | 9% | ||
| flamingirl | 0 | 1,086,423,612 | 4.13% | ||
| mrhill | 0 | 21,996,050,272 | 100% | ||
| coyotelation | 0 | 41,039,257,188 | 50% | ||
| bluntsmasha | 0 | 3,101,934,619 | 25.5% | ||
| chekohler | 0 | 101,171,270,559 | 20% | ||
| elderson | 0 | 7,873,467,928 | 15% | ||
| fixedbydoc | 0 | 3,687,444,423 | 6% | ||
| steemusa | 0 | 6,302,622,123 | 10% | ||
| paradigmprospect | 0 | 1,796,576,029 | 1.5% | ||
| d-vine | 0 | 14,513,804,194 | 50% | ||
| kevinli | 0 | 3,373,056,476 | 100% | ||
| fun2learn | 0 | 432,823,791 | 3% | ||
| mermaidvampire | 0 | 29,109,995,385 | 35% | ||
| unicron | 0 | 3,246,362,416 | 90% | ||
| natha93 | 0 | 5,384,895,053 | 15% | ||
| ange.nkuru | 0 | 788,758,147 | 3% | ||
| doctorspence | 0 | 587,009,983 | 15% | ||
| grandjury | 0 | 882,612,997 | 15% | ||
| madpotters | 0 | 1,331,889,145 | 30% | ||
| sapphic | 0 | 3,239,594,028 | 15% | ||
| prettynicevideo | 0 | 27,765,992,538 | 17% | ||
| cyemela | 0 | 23,972,597,187 | 100% | ||
| tresor | 0 | 4,879,551,441 | 4.13% | ||
| thejbullfrog | 0 | 1,969,034,725 | 100% | ||
| acesontop | 0 | 82,479,753,312 | 100% | ||
| saboin | 0 | 49,090,411,783 | 6.16% | ||
| petertag | 0 | 12,611,595,113 | 100% | ||
| veteranforcrypto | 0 | 6,730,540,811 | 6% | ||
| bushradio | 0 | 8,985,700,805 | 90% | ||
| motherofalegend | 0 | 3,555,176,605 | 15% | ||
| truthabides | 0 | 727,136,004 | 15% | ||
| ambiguity | 0 | 3,325,672,558 | 7.5% | ||
| nutritree | 0 | 14,054,833,605 | 35% | ||
| cyrusemerson | 0 | 47,259,115,538 | 100% | ||
| holovision | 0 | 24,063,732,371 | 25% | ||
| afknchill | 0 | 520,305,254 | 100% | ||
| bengiles | 0 | 58,095,053,173 | 7.5% | ||
| canna-curate | 0 | 176,691,843,770 | 30% | ||
| darkprince66 | 0 | 528,403,914 | 100% | ||
| canna-collective | 0 | 2,880,685,852 | 9% | ||
| courtneyjensen | 0 | 5,814,824,919 | 100% | ||
| marconisnghtmr | 0 | 1,196,163,813 | 100% | ||
| athunderstruck | 0 | 3,823,958,801 | 15% | ||
| qwoyn | 0 | 1,945,891,039 | 15% | ||
| memeteca | 0 | 521,243,470 | 4.13% | ||
| florino | 0 | 972,374,658 | 17.5% | ||
| cowpatty | 0 | 597,268,273 | 15% | ||
| incinboost | 0 | 1,587,138,263 | 2.35% | ||
| sofa-king-high | 0 | 5,710,653,572 | 100% | ||
| bluemaskman | 0 | 3,175,879,459 | 15% | ||
| hashkings | 0 | 38,013,748,837 | 25% | ||
| thelogicaldude | 0 | 41,030,721,523 | 30% | ||
| kggymlife | 0 | 5,892,167,755 | 20% | ||
| ruggedbeardmedia | 0 | 729,156,853 | 100% | ||
| chunkysoupsvc | 0 | 39,136,411,237 | 100% | ||
| steemadventures | 0 | 523,543,703 | 80% | ||
| nerdvania | 0 | 526,029,327 | 100% | ||
| bonfirepit | 0 | 566,702,122 | 100% | ||
| alexvanaken | 0 | 6,641,156,439 | 50% | ||
| frugalgamer | 0 | 3,421,386,386 | 100% | ||
| theresteemer5000 | 0 | 1,243,249,761 | 100% | ||
| botony | 0 | 0 | 0.36% | ||
| plankton.token | 0 | 2,143,993,308 | 35% | ||
| tggr | 0 | 7,814,644,701 | 17.5% | ||
| weedcash | 0 | 4,272,885,062 | 9.9% | ||
| grannabis | 0 | 608,258,101 | 23% | ||
| abh12345.spt | 0 | 3,317,883,275 | 100% | ||
| abh12345.sports | 0 | 2,971,031,345 | 100% | ||
| trichomesnetwork | 0 | 2,521,327,790 | 100% | ||
| vxc.leo | 0 | 0 | 3% | ||
| babytarazkp | 0 | 7,618,643,155 | 100% | ||
| clicktrackprofit | 0 | 33,173,513,396 | 50% | ||
| salexa5 | 0 | 4,967,829,099 | 100% | ||
| arslan.leo | 0 | 189,556,665 | 50% | ||
| maxuvv | 0 | 0 | 9% | ||
| coinlogic.online | 0 | 603,158,713 | 15% | ||
| khalstem | 0 | 1,492,581,676 | 100% | ||
| tonimontana.leo | 0 | 440,218,542 | 24.7% | ||
| tonimontana.neo | 0 | 0 | 1.45% | ||
| sandymeyer | 0 | 863,797,790,580 | 30% | ||
| faireye | 0 | 899,899,658 | 25% | ||
| bpcvoter | 0 | 668,376,411 | 100% | ||
| madgol | 0 | 5,407,524,252 | 50% | ||
| usualsidekick | 0 | 528,973,736 | 100% | ||
| groove-logic | 0 | 1,170,869,927 | 15% | ||
| janaliana | 0 | 8,932,898,667 | 30% | ||
| bnk | 0 | 5,361,687,181 | 4.13% | ||
| hivelist | 0 | 8,044,822,188 | 3% | ||
| localgrower | 0 | 4,168,633,463 | 5% | ||
| notak | 0 | 2,168,515,079 | 100% | ||
| portsundries | 0 | 1,990,847,706 | 100% | ||
| beemd | 0 | 493,847,085 | 20% | ||
| allthemoneys | 0 | 17,095,036,834 | 74% | ||
| abdul.qadir | 0 | 167,272,437 | 15% | ||
| chubb149 | 0 | 685,388,622 | 3% | ||
| yayogerardo | 0 | 553,456,028 | 100% | ||
| cryptoxicate.leo | 0 | 1,351,109,011 | 21% | ||
| bifbeans | 0 | 730,062,019 | 22.5% | ||
| rob23 | 0 | 15,883,342,723 | 50% | ||
| failingforwards | 0 | 483,216,200 | 26% |
Love the rule of 72 itβs become part of my mental models and how I look at time and interest rates I immediacy use it to calculate things
| author | chekohler |
|---|---|
| permlink | re-mcoinz79-qqst3h |
| category | hive-167922 |
| json_metadata | {"tags":["hive-167922"],"app":"peakd/2021.03.9"} |
| created | 2021-03-30 20:04:30 |
| last_update | 2021-03-30 20:04:30 |
| depth | 1 |
| children | 0 |
| last_payout | 2021-04-06 20:04:30 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 138 |
| author_reputation | 524,332,427,393,665 |
| root_title | "Rule Of 72 π " |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 102,708,188 |
| net_rshares | 5,216,407 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| liaminit1 | 0 | 5,216,407 | 100% |
Excellent. I'd heard of this awhile ago, but forgot how the formula worked. This is the kind of practical informational posts we need to see more of. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@evernoticethat/re-mcoinz79-3gime1)
| author | evernoticethat |
|---|---|
| permlink | re-mcoinz79-3gime1 |
| category | hive-167922 |
| json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@evernoticethat/re-mcoinz79-3gime1"} |
| created | 2021-03-30 20:25:03 |
| last_update | 2021-03-30 20:25:03 |
| depth | 1 |
| children | 0 |
| last_payout | 2021-04-06 20:25:03 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 250 |
| author_reputation | 100,716,242,913,478 |
| root_title | "Rule Of 72 π " |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 102,708,736 |
| net_rshares | 8,142,705 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| liaminit1 | 0 | 8,142,705 | 100% |
Just buy bitcoin and double your money in six months.
| author | leprechaun |
|---|---|
| permlink | qqt0pi |
| category | hive-167922 |
| json_metadata | {"tags":["proofofbrain"],"app":"proofofbrain/0.1","canonical_url":"https://www.proofofbrain.io/@leprechaun/qqt0pi"} |
| created | 2021-03-30 22:48:57 |
| last_update | 2021-03-30 22:48:57 |
| depth | 1 |
| children | 0 |
| last_payout | 2021-04-06 22:48:57 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 53 |
| author_reputation | 36,778,764,966,701 |
| root_title | "Rule Of 72 π " |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 102,711,231 |
| net_rshares | 19,577,318 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| amr008.pob | 0 | 19,577,318 | 14.8% |
That's a cool hack! Thanks. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@lordneroo/re-mcoinz79-7qsjnx)
| author | lordneroo |
|---|---|
| permlink | re-mcoinz79-7qsjnx |
| category | hive-167922 |
| json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@lordneroo/re-mcoinz79-7qsjnx"} |
| created | 2021-03-30 22:17:18 |
| last_update | 2021-03-30 22:17:18 |
| depth | 1 |
| children | 0 |
| last_payout | 2021-04-06 22:17:18 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 123 |
| author_reputation | 265,298,132,553,532 |
| root_title | "Rule Of 72 π " |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 102,710,708 |
| net_rshares | 24,390,366 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| liaminit1 | 0 | 24,390,366 | 100% |
Never heard about it....works like magic lol Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@mistakili/re-mcoinz79-q5a1g)
| author | mistakili |
|---|---|
| permlink | re-mcoinz79-q5a1g |
| category | hive-167922 |
| json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@mistakili/re-mcoinz79-q5a1g","links":["https://leofinance.io/@mistakili/re-mcoinz79-q5a1g"]} |
| created | 2021-03-30 21:40:42 |
| last_update | 2021-03-30 21:41:03 |
| depth | 1 |
| children | 0 |
| last_payout | 2021-04-06 21:40:42 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 139 |
| author_reputation | 524,795,115,225,788 |
| root_title | "Rule Of 72 π " |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 102,710,105 |
| net_rshares | 19,511,769 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| liaminit1 | 0 | 19,511,769 | 100% |
https://twitter.com/wheelly\_dope/status/1376988047762333698
| author | poshbot |
|---|---|
| permlink | re-rule-of-72-20210330t200155z |
| category | hive-167922 |
| json_metadata | "{"app": "beem/0.24.20"}" |
| created | 2021-03-30 20:01:54 |
| last_update | 2021-03-30 20:01:54 |
| depth | 1 |
| children | 0 |
| last_payout | 2021-04-06 20:01:54 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 60 |
| author_reputation | 5,554,335,374,496 |
| root_title | "Rule Of 72 π " |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 102,708,019 |
| net_rshares | 5,085,772 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| liaminit1 | 0 | 5,085,772 | 100% |
So if it's 10% then 7.2 years yeh? Seems very simple.
| author | stefen |
|---|---|
| permlink | re-mcoinz79-2021331t5356208z |
| category | hive-167922 |
| json_metadata | {"tags":["neoxian","proofofbrain","palnet","mancave","hivehustlers","ctp","leofinance"],"app":"ecency/3.0.15-mobile","format":"markdown+html"} |
| created | 2021-03-30 20:04:00 |
| last_update | 2021-03-30 20:04:00 |
| depth | 1 |
| children | 0 |
| last_payout | 2021-04-06 20:04:00 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 54 |
| author_reputation | 6,786,908,772,250 |
| root_title | "Rule Of 72 π " |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 102,708,154 |
| net_rshares | 5,297,596 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| liaminit1 | 0 | 5,297,596 | 100% |
Never heard this in my life....until now. :D Thanks! Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@summertooth/re-mcoinz79-4cndqw)
| author | summertooth |
|---|---|
| permlink | re-mcoinz79-4cndqw |
| category | hive-167922 |
| json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@summertooth/re-mcoinz79-4cndqw"} |
| created | 2021-03-30 20:06:33 |
| last_update | 2021-03-30 20:06:33 |
| depth | 1 |
| children | 0 |
| last_payout | 2021-04-06 20:06:33 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 150 |
| author_reputation | 226,856,098,343,662 |
| root_title | "Rule Of 72 π " |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 102,708,277 |
| net_rshares | 5,386,648 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| liaminit1 | 0 | 5,386,648 | 100% |
hiveblocks