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Big thank you to Clay Fuhrhop for joining us yesterday for a quick lesson in the rule of 72. During our exercise we each invested a mock $10,000 for 30 years. Some of us ended up very happy with the results and some of us were shocked by what a difference a few percentage points can make.

“Rule of 72. The Rule of 72 says that to find the number of years needed to double your money at a given interest rate, you just divide 72 by the interest rate. For example, if you want to know how long it will take to double your money at nine percent interest, divide 72 by 9 and get 8 years.”

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