Einstein and the Rule of 72

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Einstein is often credited for inventing the "Rule of 72', which is an estimating tool to figure out how long it would take your money to double at a specific compound interest rate. For example, 12% will double your money in about 6 years (72 divided by 12 is 6). The Rule of 72 has actually been around at least since the 1500s, according to Wikipedia. Einstein's actual quote was “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”

Paraphrasing old Albert Einstein, "Compound interest's man's greatest invention". But you'll be financially in trouble, Expecting your buying power to double, Because he never factored in for inflation.

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Charles Bernabi

Date: 5/29/2015 8:12:00 PM

Ah yes, huge inflation and big taxes can kill ones dreams if they don't keep on top of it. Thanks for sharing.

Mark J. Halliday
Date: 5/29/2015 10:53:00 PM

Got that right.

Nette Onclaud

Date: 4/15/2015 2:17:00 PM

inflation and taxes, i'd think.. very witty approach to the theme, mark... best wishes.. huggs

Mark J. Halliday
Date: 4/15/2015 4:20:00 PM

I usually referred to the rule of 72 in the context of tax free or tax deferred earnings.....but your right. Thanks for commenting Nette.

Jan Allison

Date: 4/15/2015 5:48:00 AM

Very clever limerick Mark good luck with the contest:-) Hugs Jan xx

Mark J. Halliday
Date: 4/15/2015 12:43:00 PM

Used to be tangentially involved with financial services. Often referred to the rule of 72.

Nandita Das

Date: 4/14/2015 9:14:00 PM

Loved this. Great limerick. True about the inflation....

Mark J. Halliday
Date: 4/15/2015 12:43:00 PM

Used to try to talk soldiers into buying IRAs while they were young. Would often refer to the rule of 72. Thanks for commenting.

Leo Larry Amadore

Date: 4/14/2015 6:31:00 PM

An informative and funny limerick.....

Mark J. Halliday
Date: 4/15/2015 12:45:00 PM

I used to try to talk soldiers into investing while they were young; referred often to the rule of 72. Thanks for commenting.