The Rule of 72 is a general rule of thumb telling how long it will take your money to double at a given rate of return, known as the annual percentage rate (APR). To use the rule, start with the number 72 and divide it by your expected rate of return. Let’s say you are earning 6% interest on an in...

Compound interest has been called the eighth wonder of the world. Although it may not be as jaw dropping as the Great Wall, if you use this wonder to your advantage, it will affect your financial life more than you ever imagined. First of all, what is compound interest? To quote Albert Einstein, it ...

Interest rates have always been a way for someone to make money without lifting a finger… except for signing that deposit slip at the bank. Interest can either work to your advantage, or someone elses advantage. Remember, one person’s advantage is another person’s disadvantage. Int...