How long does it take money to double in value?

April is Financial Literacy Awareness Month

Let’s say you get a nice bonus at work and want to “put it work” for you. Do you know how long it would take for it to double in value?

Here’s a quick video on the Rule of 72. It’ll help you determine how long and at what interest rate your funds would need to grow in order to hit 200% of the original deposit.

After all, the quicker the better. right?

We’ll save that convo for another time but for now, give this a watch.