4 ms·
Living like a student for 5 (or more) years is a great strategy, but I just wanted to correct the doubling time math you presented. To double every 5 years you
by bengebre 16y ago
Living like a student for 5 (or more) years is a great strategy, but I just wanted to correct the doubling time math you presented. To double every 5 years you need a 15% annual return (1.15^5 = 2.011). A 10% annual return doubles every 7.2 years, thus the rule of 72:
http://en.wikipedia.org/wiki/Rule_of_72 http://en.wikipedia.org/wiki/Rule_of_72