## The Rule of 72 is a quick, simple way to figure how long it will take for your savings and investments to double in value

The Rule of 72 is a mathematical formula that estimates how long it will take an investment to double in value or to lose half its value. To calculate the Rule of 72, you divide the number 72 by the rate of return of an investment or account. The Rule […]

## Understanding the way compound interest works is key to building wealth or avoiding crushing debt. Here’s how to make it work for you

Compound interest occurs when previously earned interest is added to the principal amount invested or borrowed. It is commonly described as “interest earned on interest.” Compound interest can work to your advantage as your investments grow over time, but against you if you’re paying off debt, like credit cards. If […]

## Compound interest is either your best friend or your enemy. Here’s how to make it work for you.

Compound interest is the process of adding interest to a principal amount and basing future interest on this new balance. Unlike compound interest, simple interest uses only the principal amount to calculate interest. While many instalment loans charge simple interest, credit cards use compound interest. Read more coverage from How […]

## Millennials know what they’d do if they didn’t have to pay their student loans: Pay off everything else

Thirty per cent of millennials with student-loan debt said that if they weren’t paying off college, they’d use the money to pay down other debt, according an Insider and Morning Consult survey. Others would save the money, pay outstanding bills, or invest it. The average monthly student-loan payment is \$US393 […]

## I’ve saved enough at age 28 that I’ll be a multimillionaire by retirement, and I used Warren Buffett’s favourite investing strategy to do it

Sean, who goes by “The Money Wizard,” is a 28-year-old blogger and financial analyst whose current net worth is \$US250,000. If he stopped saving money today, his worth could grow to \$US1.6 million to \$US2.2 million by retirement age, thanks to compound interest. He says his strategy isn’t complicated. Here’s […]

## An investor who helps manage money for the super-rich has a simple tip for building wealth, and you can start doing it today

Saving early and consistently is the most powerful financial advice for young people offered by Katie Nixon, the chief investment officer at Northern Trust Wealth Management. Starting early helps savers take advantage of compound interest, which basically means letting both the balance and older interest payments earn even more interest […]

## In the near future, we’ll live to age 120 and need way more money — and it will be easy, if you follow Warren Buffett’s lead

Can you imagine living to age 120? What about...

## This chart should convince every teen to start saving for retirement

The money you contribute to Roth IRA grows tax free. That makes it a great option for young people whose earnings are taxed very little now. If you start saving in a Roth IRA at age 15 rather than 25, you can double your savings by retirement with no extra […]

## How much money you need to save each day to become a millionaire by age 65

If you want to get rich, start investing...

## 9 important money concepts to understand before you’re 30

There are a few money concepts everyone should know by the time they’re 30 if they want to build wealth. Compound interest, bear market and bull market, and diversification are important terms for investors. Net worth, interest, and inflation are good for even non-investors. When it comes to personal finance, […]

## How much you need to save every day to ‘never have to worry about money’ again

If you're hoping to reach millionaire status...

## An HBS grad whose company simplifies complicated financial concepts to fit on a napkin shares her favourite one

In 2002, enrolled in a finance class while...

## Every 25-year-old in America needs to see this chart right now

In their 2016 Guide to Retirement, JP Morgan...

## 15 amazing facts about household foods and spices that will wow any crowd

Do you know which popular holiday spice can...

## Here’s what Warren Buffett said when Tony Robbins asked him how he got so rich

Everyone has to start somewhere, even the...

## Tony Robbins shares the one thing you should teach your kids about money

American children are not being taught personal...

## The science of blood

Fake blood is an essential accessory if...

## How much money you need to save each day to become a millionaire by age 65

If you want to get rich, start investing.

## How to make \$50,000 more than your friends — while doing less work

Getting rich is not as unattainable as many of...

## Actually, young people SHOULD invest in their 401(k) plans …

Business Insider recently posted a video in...