Rule 72

Formula:

72 / interest rate =  Years to double your money.

Let’s say bank gives 9% interest rate annually on fixed deposit. If you open $1000 fixed deposit account, your account will double in 8 years as for 72 rule below.

72/9 (Interest rate)= 8 (Years)

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Sucess Mantra 15

Keep watch your long-term stocks. Keep track them on company press releases (PR) and on company special events.  Remember, world economy and national economy events also affect your stock price.

Success Mantra 13 – Money Talks; Bullshit Walks

  • Money is what we receive for investing energy (work). Bullshit costs nothing, though it might sound good, but has no real concern. At the end of the day, it’s investment of energy that really accomplishes things- or REALLY TALKS. Bullshitters make themselves sound good, and then walk on.
  • Money Talks; Bullshit Walks -Good politicians are those that provide the infrastructure to make something work that really achieve results. those that just talk the talk about various issues, all too often to make themselves sound good without achieving anything.
Source: Urban Dictionary

Success Mantra 9

Stock market is not luck, lottery, gambling and betting. It is a power of knowledge, analysis, planning and decision making. Do not blame stock market as lottery and gambling for your ignorance.