welcome back ladies and gentlemen this is your friend which alter curve on Finance tube today’s topic of discussion rule of 72 what is rule of 72 72 is a magic
number which can make you rich don’t believe me let me tell you what it does rule of 72 very quickly tells you that how fast your money will double if you invest if I were to tell you technically let me give you a formula so rule of 72 says n is equal to 72 divided by R now n here is number
of years double your money and our is the rate of return that means that means if you have invested money in let’s say a fixed deposit which gives you 8% return in that case applying rule of 72 you will get n is equal to 72 by 8 which is nothing but 9 years so if you remember in my previous
CashNews.co I told you that in our times FD takes 9 years to double I applied rule of 72 now the idea is that if we had some instrument where we can put our money not at 9% not at 8% but at more you will see how magic happens so you see friends rule of 72 is a magic number which tells you the
number of years in which you will double your money now assume that you are able to invest money at 24 percent what will happen when I apply rule of 72 72 divided by 24 so your money will double in three years if every three years your money doubles you will be able to get rich faster now the idea
is that many a times many financial consultants will come and tell you that if you give me so much money I will double it in so many years if you are told that your money will double in so many years and if you want to find out rate of interest you can always do so again applying rule of 72 how
very easy you change positions here you will get R is equal to 72 divided by n that means if you have a consultant who comes and tells you that boss my money will double in 18 years then in that case what is your rate of return our is equal to 72 divided by 18 R is nothing but 4 so you see friends
it is very important for you to understand how money works it takes 18 years for money to double in a saving account because saving account gives you 4 percent and in every it takes 9 years but if you can find any investment which could give you 24 percent then your money will double in 3 years
stay tuned for more episodes and if you have not subscribed please subscribe now
CashNews, your go-to portal for financial news and insights.
Thanks to vishal thakkar sir
I got this channel
I found this channel when I needed it the most. Your way of teaching is very simple, informative and fun.. Will discipline myself to learn one finance concept daily from your channel 😇
What if I get 72% rate of return..will I double money in 1 year?? I did not understand how
Akshay Kumar had a better scheme… 25 din😅😆
sir nice vedio but does this logic of rule od 72 apply for compunding interest calculations i mean if i invest in mutual funds and they approx give me that within this period your monwy will double thwn will it work?
u wrong if i invest 100000 for 4 year 18 % interest rate i get after 193877 ..r-18
Hi, for all those who has asked for "why the number 72 ?", here is a link to a nice video where the author explains the "Rule of 72" with actual calculation of compound interest. This is how one must present their information. Video link – https://www.youtube.com/watch?time_continue=318&v=mec-QpjQMXY
So why r you still not rich?
Pause the music it's irritating
That's why he is the richest person of India and his name is in frobes
Hindi
Bakwas
Simple!!!
What about the power of compounding
How you arrived money will double in 3 yrs if rate of return is 24% as even for compounded returns the return will be around 90% hence kindly justify your formula.
What is 72? You should explain that. No magic please.
72k views
Change the video title
That was very helpful sir. Thanks alot
which brokerage company is best for a new investor?
what if my rate of interest is 72%…will then 72/72= 1 so my money going to be double in 1 year…??
i feel the Simple interest and compound interest that we have learnt from our school works better while calculating the future value of money….and not this fake rule of 72..which would probably work for small range of rate of interest..say 10-15%
i am a farmer of age 35years. my only profession is farming nothing else. my annual income is approx.12 lakhs per annum. kindly help as i want a home loan of around 40 lakhs. and i want it on very less downpayment as possible. i do yet pay tax of approx 20 thousand per year as i was told that will have to pay tax if i want to pass my home loan in future. kindly help
Which investment instrument will gives 24% return?
This secret formula can start a world war alone
Thanks a lot sir ,it was a very informative video and it has improved my knowledge in investment.
I was watching your Video continuously, after seeing this i stopped it.
Stupid, what kind of advice is this.
please make a video for student to make money by part time
Very Helpful videos. Just a technical suggestion though about video edits. Kindly lower the music track level, it is only hampering the experience of gathering such important knowledge !
Is there any way I can get in touch with you personally? Need help with finance tips.
This video is great, but mis-titled. Instead of saying "Easy way to make money", it should simply say "The Rule of 72 of investments"
Lol I liked the disclaimer in the beginning
For practice and to understand "Double-Money concept", I did a calculation. And I found either this concept is wrong or I have made a mistake.
Kindly check my calculation so you may understand what my confusion or mistake or what I didn't understand.
Now here I made a little calculation. See below..
Actual amount is Rs.15,000
Rate of Interest is 9%.
Here, according to formula to know " number of years"
1) N=72/R.
2) N=72/9 so answer is "8"
3) now as this formula is about to know "Double-Money" , I calculate 9% of Rs.15,000 so answer came Rs. 1350. That means, each year I received interest of Rs.1350.
But, we have also found the number of years that to know how many years it'll take to double amount/money. We got 8 years.
Here if I calculate (for cross checking)
8×1350= 10,800.
I'm not getting it, the answer probably come "Rs.30,000". (double money, i.e, 15,000+15,000=30,000)
For practice and to understand "Double-Money concept", I did a calculation. And I found either this concept is wrong or I have made a mistake.
Kindly check my calculation so you may understand what my confusion or mistake or what I didn't understand.
Now here I made a little calculation. See below..
Actual amount is Rs.15,000
Rate of Interest is 9%.
Here, according to formula to know " number of years"
1) N=72/R.
2) N=72/9 so answer is "8"
3) now as this formula is about to know "Double-Money" , I calculate 9% of Rs.15,000 so answer came Rs. 1350. That means, each year I received interest of Rs.1350.
But, we have also found the number of years that to know how many years it'll take to double amount/money. We got 8 years.
Here if I calculate (for cross checking)
8×1350= 10,800.
I'm not getting it, the answer probably come "Rs.30,000. (double money, i.e, 15,000+15,000=30,000)
Send me your email id
Hi vishal is their any chance to get above 25% of my money for 1 year of time period.
thanks I use this rule for govt. exams preparation.
very helpful.
rule was very helpful but I want to know WHAT'S 72 STAND FOR? WHAT IS 72?
thank GOD i found this channel!!
Very insightful and simple
hey vishal hi there iv been watching your videos and I think ur presentation and the way u explain is really qutstanding… I never use to know abt all these shares and markets and fixed deposites and etc but aftr watching 4-5 b=videos only I'm being cleard a little better…I just want to have a chat with you regarding my savings so mai I know where to mail u or contact so that i can start being atleats lil bit sensible like you are :)i want to invest or trade but vry confused…. i earn little but i want to save more and invest so i need tips pls help
WHY 72 ?
this is nonsense.
this is nonsense.
24%? How and where?