How to Grow Your Money: 6 Investing Thumb Rules to Get Wealthier

Investing can be likened to a game with basic rules for success but plenty of emotional pitfalls. That's why establishing a set of ground rules is critical for navigating the uncertain world of investment. Remembering and applying these simple guidelines can help investors navigate the complicated financial world. These criteria can help investors make more informed decisions, set realistic goals, and move toward long-term financial success. Here are six investment tips to help you become a successful and affluent investor. 1) Rule of 72. Double your money: How long does it take for your money to double? The Rule of 72 comes in helpful in this situation. It's a simple method for estimating how long it will take for an investment's value to double. Divide 72 by your investment's annual rate of return to get an estimate of how many years it will take to double your money. For example, at a 6% return, your money will have doubled in around 12 years. The Rule of 72 is useful because