Just want to share with you some of the rules that we always use in personal finance.

ÂÂ

1. Rule of 72

Time needed to double your capital(investment) = 72 / Interest(%)

ÂÂ

2. The appropriate rate of stocks investment

The appropriate rate = 100 - your age

ÂÂ

3. The appropriate rate of insurance coverage

Insurance Coverage = 10 X Family Annual income

ÂÂ

4. The appropriate rate of insurance payments

Insurance Payments = 10% X Familly Annual Income

ÂÂ

5. The appropriate mortgage installment

Monthly mortgage installment = 1/3 of Family Monthly income

ÂÂ

Do you know more than that? Please don’t hesitate to share it here(comment).

ÂÂ

Related posts:

1. Financial Planning - 4 MUST To Plan For your Financial Freedom, Part 2 : Peace of Mind This is the part 2 of the series 4 MUST...
2. Financial Planning - 4 MUST To Plan For your Financial Freedom, Part 1 : Health Life is unpredictable. Everything, good or bad, might happen around...
3. Financial Planning - 4 MUST To Plan For your Financial Freedom, Part 1 : Health Life is unpredictable. Everything, good or bad, might happen around...
4. Financial Planning - 4 MUST To Plan For your Financial Freedom, Part 4 This is the part 4 of the series 4 MUST...
5. Financial Planning - 4 MUST To Plan For your Financial Freedom, Part 3 : Replacement of your income This is the part 3 of the series 4 MUST...
6. Financial Planning - 5 beginners’ steps to Personal Finance Personal Finance, not a new term for years. In 80...