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Published byKathryn Weathers Modified over 2 years ago

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The Rule of 72 Presented by: Regis P Sauger

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Never Taught in School. Why? Learn NOW Now, I will reveal a secret about money that I have known for many years. I learned if from the race track bookies when I was very young. Your math teach never knew this secret, so how could you learn? You had to share my experiences. I hung around with bookies jockeys touts gamblers because they could figure the odds in their head and WIN.

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Here It Is! If, Mom had $10,000 and she put it into a savings account at the local bank, what would she earn in interest? Maybe.04% So, over a one year span that $10,000 would earn a big fat $ She was delighted because her money was safe (she thought) That $ equated to.04% REMEMBER THIS! The American Bank Rip-Off. While your Mom was getting.04% they loaned that money to you in the form of a credit card and got you to pay.36%. Now, go ahead and divide both interest rates into % into 72 = 18. Thats right it takes (18) years for Moms money to double. Now divide.36% into 72. Are you sick? It only takes 2 years for the bank to double their profit on YOUR money. REMEMBER, the Banks put up NO money. IT is all yours and Moms.

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It is Your Choice. Keep on paying high interest rates or spend a little of your time to educate yourself and get Out of Credit Prison

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