Do your clients have any Dusty Money?
“Dusty Money” is a term describing underutilized or underperforming assets…which, if repositioned, can be energized to help meet financial objectives sooner.
How much sooner? Improving your clients’ rates of return by a few percentage points can trim their financial time horizons by several years!
Current Value: $100,000
Objective: Double the value to $200,000
Current Rate of Return: 2%
Years to Double: 24 years
New Rate of Return: 6%
Years to Double: 12 years
Double Your Money: Rule of 72
A calculation to determine the rate of return needed to double an investment.
72 ÷ Interest Rate = Years to Double
Annual Growth Rate / Years to Double