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Study The Money. Thursday April 27, 2017. The 72 Rule. 72 / Rate of Return = Years to Double. Old-time 4% savings account takes 18 years to double close to current mortgages, now at 0.01% takes 7,200 years. IRA 0.20% takes 360 years. But bank doubles its money for car loan (2.49%) in 28, credit card (22.99%) in 3 years. | |
| 1:30 Inflation. Dollar has lost more than 95% value since 1913. | |
| Poor sell Time to buy Stuff. Middle-class buy Liabilities. Rich buy Assets that pay you. | |
| Cash-flow Quadrant. Employee/ Self-employed (poor) vs. (rich) start a Business to hire others/ Invest so asset can pay you. | |
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