If you have ever started a savings account then you know what an interest rate is. The Rule of 72 is a simple formula to help you better understand approximatley just how many years it would take for your money double, if you didn't make anymore deposits into that account. Depending on the interest rate then the amount of years it would take to double varies. Knowing that in this era that the interest rates are extremely low and you wouldn't even live long enough to see your money even reach the halfway marker. There are saving plans with higher interest rates like 401Ks and IRAs but there is another plan out there that has been kept secret from you. If you want to know more then please take a look at our next post or contact us.