12/01/2022
Ever hear of the Rule of 72?
It's the formula for calculating compounding interest.
Last night, I talked to a client with her TFSA "earning" .5%.
News flash, at that rate, it's losing value to inflation.
Looked at another balanced option to give protection to principle while making it work harder. With a long-term track record of 15% growth.
Old:
Money would take 144 years to double.
10k now, would be $10,779 in 15 years.
New:
Money would double every 4.8 years.
10k now, would be $81,000 years at that rate.
Was worth taking a free look at the numbers!
DM me if you want to see if your money can work harder for you.
