Seen that? – Rule of 72
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Rule of 72 at The Personal Finance Weblog
A: Compound Interest Q: What did albert einstein think was the most powerful force in the universe? Hey, if it works for Al it works for me too. The title of this article refers to a great little tool that let's you quickly determine how long it will take to double your money at a given interest rate. Simply divide 72 by the interest rate you expect to receive on an investment. [...] Read More
Investing’s "Rule of 72" at The Personal Finance Weblog
I've heard of the "Rule of 72" a million times but I always forget what the heck it means, so I am providing a public service by once again bringing it up today. (Actually I'm doing it for my own benefit, but if it's helpful to you, that's gravy.) Here's how it works: Take the number 72 and divide it by the interest rate you're earning on an investment. That's how [...] Read More
A Lesson in Finance, Kids Style at The Personal Finance Weblog
Photo courtesy of iStockphoto, Ilka-Erika Szasz-Fabian Dayana Yochim has a fun article this week at Motley Fool about teaching a friend's 6-year-old daughter about credit after the girl received a credit card solicitation in the mail. My favorite parts: "When you go to the store to buy Barbie a friend, if you pay for her with your new Visa, her friend will cost $1,087 and won't be paid for in full [...] Read More
Players Propose New Cut Rule at Eagle Par Birdie
Courtesy: Reuters The PGA Tour Players Advisory council has expressed its deep concerns over the new cut rule implemented this season. Many players are angry with the rule which essentially says you can make the cut but not make the cut. It's confusing and counter-productive, according to the pros. [...] Read More
PGA Players Angered By New Rule at Eagle Par Birdie
John Daly: "It's just a bad rule" There's trouble in River City. Tour players are expressing anger and surprise over the pga tour's new cut rule which was exercised for the first time this season at the Sony Open in Hawaii. Essentially, as I wrote in a previous post, it's a complicated little maneuver designed to pare a field down to a maximum of 70 players, give or take a player or [...] Read More
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