Understanding the Rule of 72

Beverly explains the rule of 72 to calculate the time you need to double your money in savings.

Related Videos


  • Compound Interest and the Rule of 72

    In this video, AAA’s director of Financial Services, Bill Gerhard, explains what an Individual Retirement Account (IRA) is, and what the advantages and differences are between a Roth IRA and a traditional IRA. In this video he explains what compound interest is and the rule of 72 when calculating interest.

  • How to Maximize Your Savings with the Power of Interest

    Beverly teaches you about the power of compound interest and how it affects your savings and why you should save money.

  • IRA Withdrawals, Rules and Penalties

    In this video, AAA’s director of Financial Services, Bill Gerhard, explains what an Individual Retirement Account (IRA) is, and what the advantages and differences are between a Roth IRA and a traditional IRA. This video is an introduction to IRAs and covers finding a provider, investment allocation, restrictions and rollovers, compound interest and the Rule of 72. AAA offers financial services to members and is the largest consumer organization in North America.

  • 3 Investment Guidelines

    In this video, AAA’s director of Financial Services, Bill Gerhard, explains compound interest and the Rule of 72 and gives you good investment guidelines.

  • Understanding Health Care Costs During Retirement

    Financial expert Ric Edelman explains the health care costs during retirement and how you can save but still stay healthy.

  • Understanding Retirement Risks

    Warren, a Wells Fargo advisor, helps shed some light on understanding retirement risks.

  • CD Laddering

    In this video, AAA’s director of Financial Services, Bill Gerhard, explains what a certificate of deposit (CD) is, how to compare rates and calculate returns. This video is an introduction to CD investing. It covers the concepts of laddering CDs, compound interest and the Rule of 72. AAA offers financial services to members and is the largest consumer organization in North America.

  • How to Save Time and Money in October

    Kiplinger's Michael Stratford discusses three ways to save time and money in the month of October.

  • What New Rules Mean for Your Money Market Fund

    New rules should make money market funds even safer, but yields may suffer even more. Morningstar's Christine Benz offers investors a few alternatives to consider.

  • How to Get Free Money From Your Bank Account

    Watch How To Have Free Money From Your Bank Account from the pioneers of how to videos. This instructional video will give you informative instructions to make sure you get good at saving money at home, savings, controlling your finances.

  • How to Save Money for Investment

    By following Ric's four simple steps you will be ready start investing. In this first Step, he explains how to save money to start investing.

  • Understanding Buying on Margin

    Buying on margin allows you to borrow money against your assets to buy stocks. Sounds scary, but it's not. Find out how it works and how you can use it in your next trade.

Other Advice Videos


  • Jason Anello on How to Give Better Advice When Asked for Help

    In Chapter 13 of 20 in his 2014 Capture Your Flag interview, creative director and marketing agency co-founder Jason Anello answers "How Have You Learned to Give Better Advice When People Ask You for Help?" Anello shares how giving better advice is to spend more time truly understanding the question you are asked rather than simply sharing what you did when faced with a similar situation. He finds putting himself in the other person's shoes - showing empathy - helps the advice conversation.

  • Mike Germano on How to Give Better Advice When Asked for Help

    In Chapter 20 of 23 in his 2014 Capture Your Flag interview, VICE Media Chief Digital Officer Mike Germano answers "How Have You Learned to Give Better Advice When People Ask You For Help?" Germano shares how advice requests can often be asks for other things, including asking for money. He also learns to know when not to give advice - including unsolicited advice - and instead help others make their own decisions. Mike Germano is Chief Digital Officer at VICE Media.

  • Cathy Erway on Resisting Temptation When Asked for Advice

    In Chapter 17 of 20 in her 2014 Capture Your Flag interview, author and food writer Cathy Erway answers "How Have You Learned to Give Better Advice When People Ask You for Help?" Erway shares how it is important to resist temptation to give advice on topics where you may have a personal agenda. Instead, she finds it better to be patient and try to filter away personal or selfish bias to focus on the person asking for advice. Cathy Erway is an author, food writer, copywriter and radio show host.

  • Phil McKenzie on How to Give Better Advice When Asked for Help

    In Chapter 18 of 20 in his 2014 Capture Your Flag interview, entrepreneur Phil McKenzie answers "How Have You Learned to Give Better Advice When People Ask You For Help?" McKenzie prefaces his willingness to give advice with the fact that knowledge he shares is based on his own circumstances experience. This brings context to the conversation and prevents him from coming across as judgmental or biased. Philip L. McKenzie is the Founder of Influencer Conference, a global content platform.

  • Jullien Gordon on How to Give Better Advice When Asked for Help

    In Chapter 14 of 19 in his 2014 Capture Your Flag interview, business coach and public speaker Jullien Gordon answers "How Have You Learned to Give Better Advice When People Ask You For Help?" When asked for advice, Gordon finds it helpful to start by asking questions and not giving answers. This helps him shift his model for personal development from a "let me teach it to you" approach to providing others space to come up with their own answers. Jullien Gordon is a business coach & consultant.

  • My Advice to Women

    My Advice to Women

  • Anatole Faykin on The Privilege and Pleasure of Giving Advice to Friends

    In Chapter 5 of 16 in his 2014 Capture Your Flag interview, Internet entrepreneur Anatole Faykin answers "How Have You Learned to Give Better Advice When People Ask You For Help?" Faykin shares how giving friends' advice is both a privilege and a pleasure. He notes that giving advice is tough, as often a friend is looking to have a listener and to vent rather to actively seek out feedback. Faykin works to discern those who want to vent from those who actually want advice and answers.

  • Matt Ruby on Being Comfortable Not Getting Asked For Advice

    In Chapter 5 of 19 in his 2014 Capture Your Flag interview, standup comedian and Vooza founder Matt Ruby answers "How Have You Learned to Give Better Advice When People Ask You For Help?" Ruby shares how he is not often approached for advice. He finds it may be due to coming across as unapproachable or doing work that is not fully understood by others. While Ruby does not try to avoid people, he shares that not being asked for advice is fine with him and allows him to be left alone.