Master Your Finances: Top 12 Investing, Savings, Personal Finance Rules And Formulas You Need to Know
Introduction When it comes to personal finance, there are many rules and formulas to follow. From the Rule Of 72 to The 3/20/30 Rule, these rules and formulas can help you make informed decisions about savings, investing and spending. In this blog, we will cover some of the most popular personal finance rules that can provide you with a basic starting point for managing your money. Note* It is essential to note that while these rules can be helpful in providing a starting point for managing your finances but following them blindly or without adjusting it as per your need is not advisable. Every individual's financial situation is unique and you should seek professional advice before making any significant financial decision. With that said, let's dive in and understand these financial rules. Rules Covered In This Blog: 1. Rule Of 72 2. Rule Of 114 3. Rule Of 144 4. Rule Of 70 5. 50/30/20 Rule 6. 6X Rule 7. 100-X Rule 8. 4% Withdrawal Rule 9. 25X Rule 10. 40% Rule 11. 20/4/10