The Rule of 72 which shows the 8th wonder of the world - compound interest! Without any doubt the greatest tool you can use for building wealth is the power of compounding returns. What does that mean? What is compound interest or compounding returns? Very simple! It is what happens when you invest your money into something and that money grows and then instead of taking out the profit, you leave that money in there and allow it to continue to grow. 
This is putting your money to work for you to make more money and then putting THAT money to work for you too and having it make more money, etc! For example, if you invest $10,000 into the stock market and it grows by 8% per year, then in 9 years your $10K would become $20K. And then another 9 years and that $20K will become $40K! Another 9 years for $40K to become $80K! And so on adn so on! All from investing $10K and being patient. So long as you leave that money alone and it continues to grow then it will start to compound. The Rule of 72 shows us the math equation to figure out how long it will take for our money to double based off the return it is receiving. You take whatever return you are receiving and divide 72 by that number (making it a whole number, not a percentage) and you get your answer. 72 divided by 8 (the example above of 8%/year) and the answer is 9. And thats the simplicity of the Rule of 72! Hope this helps! Let me know if you have any questions about this! And yes, this is a repost from May - I just think this video is extremely helpful for those who don’t know this yet. #moneytips #buildingwealth #investing #wealth #personalfinance #edutok #over30