Do you know the Rule of 72?
Craig Hudson • Financial Literacy Talk
"He really opened my eyes to the possibility of being an insurance agent. (..) Talking to all of these great people in CEO has really made me think more about my future career path." - CEO Student
Craig talked to students about his learnings from a book he has read, Rich Dad Poor Dad by Robert Kiyosaki. In addition, he also shared the invaluable financial literacy lessons he learned from his father-in-law. He mentioned a couple quotes from the book:
“Don’t carry buckets, build a pipeline."
“Let your money work for you.”
He also shared his career path, importance of learning to overcome objections in sales, don't borrow money for liabilities, who you spend time around matters, always be open to learning, and so much more!
The Rule of 72 that Craig introduced us to is: a simple formula that calculates an estimate of how long it will take for an investment to double in value, based on the rate of return.
It was first introduced by mathematician Luca Pacioli in 1494. See the photo for an example. 72/R = T
Thank you so much for speaking to us!
06Mar