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As a wealth advisor, I receive a lot of phone calls in January that deal with New Year's resolutions about money. Of course, resolutions often come with negative associations. We've all been in the situation of getting really motivated at first, but seeing the enthusiasm fade quickly.
The Rule of 72 is one of those very simple and very useful tools that you can use in many aspects of your financial life. It is most often used to answer the question, "How long will it take to double my money?"