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Micky Gramlin
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Residual Income Series 10, Using The Rule Of 72 or the Bankers Rule

Published on 8/26/2018
For additional information  Click Here


Image result for rule of 72 in financial terms





“You have to learn the rules of the game. And then you have to play better than anyone else” ~ Albert Einstein


To avoid confusion, I am seeing the term “Residual Income” being replaced with the term, “Leveraged Income”

No matter what type of income you earn, the goal is to leverage it - meaning to gain/add to the original sum of your principal/monies.

The definition of the term “Leverage” according to the Merriam-Webster Dictionary is: to use for gain.


So, here is how I use the terms 


Three Types of Income


Earned Income - Income generated by working at a job. Your paycheck

Residual Income - Work once and continuously paid for it. Where you make a one time sale and the same sale amount is generated each month. Example - When an author writes a book, or in MLM when someone goes on auto ship

Passive Income - Receiving income from assets, such as rent, investments, annuities and savings

Image result for rule of 72 in financial terms

Using Leverage


The best way to describe leveraging is simply “working smarter and not harder”. Perhaps you make a good salary, but if you have not leveraged (Invested) that income, once you stop working … your good salary stops. Same scenario for a small business owner or a Internet marketer, unless the business is sold …  if the business should close, income stops.




What is a quick way to know how fast your money will double?

Answer: The Rule Of 72

Some examples -

At 8% it is 9 years

At 12% it is 6 years

At 25% it is 2.88 years


"rule of 72. The mathematical rule used in approximating the number of years it will take a given investment to double in value. The number of years to double an investment is calculated by dividing 72 by the annual rate of return."  Financial Dictionary

Image result for rule of 72 in financial terms


Next post, we will take a look at life insurance and residual income, and wrap it up with our look at different ways to earn residual income


Thank you for stopping by!

Micky Gramlin


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