The Rule of 72 in Investments for Pensacola, Pace and Gulf Breeze Florida
The Rule of 72 in Investments for Pensacola, Pace and Gulf Breeze Florida
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Looking for a home to rent, sell or buy in Pensacola, Pace or Gulf Breeze Florida then this site was designed with you in mind. E-mail charles@charlesstallions.com for a complete list of foreclosures, short sales, homes for sale or for rent in Pensacola, Pace or Gulf Breeze Florida area. Charles Stallions Real Estate Services located at 139 East Burgess Rd. Pensacola, Florida 32503 has a 12 member team, including experts on Loan Modifications, a Certified Residential Specialist, a Distressed Property Specialist with over fourteen years in real estate dealing in foreclosures, first time home buyer programs and investor sales. We offer full time, full service Property Management in Pensacola, Pace or Gulf Breeze Florida. Click here to view Homes for sale in Pensacola Florida or search pensacolamls for new homes on the market.
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The Rule of 72 refers to the length of time needed to double your money in investments. Here's how it works:
If you are getting 6% interest on $10,000 in a Savings Account, it would take 12 years for your money to double. [72/6 = 12years]
If you are getting a 10% Return On Investment [ROI], it would take 7.5 years for your money to double. [72/10 = 7.2 round up to 7.5]
If you're getting 2% interest on your money invested, it would take 36 years for your money to double. [72/2 = 36]
If you are getting a 24% interest on your money, it would take 3 years for your money to double. [72/24 = 3]
Where do you get a 2% ROI?
In a bank account.
Where do you get a 10 - 30% ROI?
In real estate.
If you want monthly income and a good ROI, call me.
Maria Morton [816-560-3758] Leading Edge Society 2010
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...*Information obtained from Heartland MLS is deemed reliable but not guaranteed. **This is an eclectic blog combining a little business with pleasure; please consult a licensed professional before making life altering decisions. Maria Morton, Realtor©, SRES is a Kansas City Real Estate Agent licensed in MO & KS and affiliated with Prudential Kansas City Realty 816.410.5499.o Maria Morton Copyright © 2011 *The Rule of 72 in Investments*
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