How to become rich: Nine golden personal finance rules | Ashish Aggarwal

To take control of your money and become wealthy, follow personal finance rules like the Rule of 72 for estimating investment doubling time, age-based asset allocation, and the 50-30-20 budgeting rule. The Rule of 72 can be used to illustrate the long-term implications of these charges to the fee that reduces investment gains. The investment principal of a mutual fund with a 3% annual expense fee will be cut in half in about 24 years. In six years, the amount owed by a borrower who pays 12% interest on their credit card (or any other type of loan that has a compound interest) will have doubled," said Ashish Aggarwal.
Learn More: https://www.livemint.com/money/personal-finance/how-to-become-rich-nine-golden-personal-finance-rules-that-may-help-you-make-money-11703059139843.html