💸 Money Rules Cheat Sheet 💸
Want to get a better handle on your finances? Here are some simple rules to guide you! 🧠💼
📈 Rule of 72: Divide 72 by your rate of return to see how long it takes to double your investment.
💵 Rule of 2000: Multiply your hourly wage by 2000 to estimate your annual income.
💰 Rule of 25x: Need to retire? Multiply your annual expenses by 25.
🏠 Rule of 3x: Keep your home cost to no more than 3x your annual income.
🚗 Rule of 20/4/10: For car loans, aim for a 20% down payment, a 4-year term, and monthly payments under 10% of income.
📑 Rule of 10x: For life insurance, aim for coverage that’s 10x your annual salary.
Knowing these rules can make financial planning easier and set you up for long-term success! 🌟
