double your investments

The “Rule of 72” is a way to determine how long an investment will take to double, given a fixed annual rate of interest. By dividing 72 by the annual rate of return, you can know how many years it will take for you to double down investment.

The problem with a house is it’s going to take a LONG time for your money to double.

The rule of 72 used to show that putting your money in the bank was a great thing to do.

Compound interest rates were higher back when I was growing up, but today if you gave 100K to Bank of America, it would take 72 years or longer for your money to double.

In Japan, it costs you money to keep money in the bank.

For these reasons, you need a new vehicle to invest in. (this is why I created Cardone Capital)

Forget about shoving your cash over to Bank of America, and don’t be fooled into thinking that a house is much better. Any good investment should allow you to do the following:

  • Protect your capital—Investing shouldn’t be gambling. You don’t want to lose the original stash of cash that you put into something.
  • Give you at least a 6-10% return—Anything less than that is just not very good. You don’t want average investments, you want good to great investments.
  • Give you the possibility of appreciation—The best investments don’t just give you regular cash flow back, they grow in value over time.
  • Give you tax advantages—The tax man takes enough from you already, especially if you live in the Soviet state of California. You need to take advantage of every tax relief you can by finding investments that let you legally keep your dough.

The truth is, the bank is used for people who don’t trust in themselves.

They hand their money over to someone to give them small returns because they don’t want to take the responsibility of real estate investment for themselves.

Don’t wait until you are 90 years old for your money to double!

rule of 72

 

I’m warning you, if you buy a house, you may get “rich”, but not until you retire. Who wants to wait that long?

Be great,

GC

 

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FOR OUR CURRENT REGULATION A OFFERING, NO SALE MAY BE MADE TO YOU IN THIS OFFERING IF THE AGGREGATE PURCHASE PRICE YOU PAY IS MORE THAN 10% OF THE GREATER OF YOUR ANNUAL INCOME OR NET WORTH. DIFFERENT RULES APPLY TO ACCREDITED INVESTORS AND NON-NATURAL PERSONS. BEFORE MAKING ANY REPRESENTATION THAT YOUR INVESTMENT DOES NOT EXCEED APPLICABLE THRESHOLDS, WE ENCOURAGE YOU TO REVIEW RULE 251(D)(2)(I)(C) OF REGULATION A. FOR GENERAL INFORMATION ON INVESTING, WE ENCOURAGE YOU TO REFER TO WWW.INVESTOR.GOV.

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