This blog isn’t the only place where you can find fresh financial content from SALT™. We constantly update saltmoney.org with great, FREE content to help you, including a calculator that uses the number 72 to show how savings adds up.
Investments have various interest rates, but the number 72 is the great equalizer (it’s almost as powerful as the number 42 … almost). Just divide 72 by your interest rate, and you can see how many years it will take for your money to double. It’s that easy. This black magic is known as the “rule of 72.”
Don’t want to bother with the math involved? Then let SALT do the work for you with our rule of 72 calculator. Just click here or the image below to try it out.
SALT is a game-changing new membership program that helps students and families navigate financing a higher education, successfully manage any resulting debt, and build money skills for life. Create your SALT account to get started today. It’s free!.