Do you put money into investments??

Last year, I transfered a 401K I had from an old job into a Roth IRA. This works great for me since it has a higher interest rate. I learned of something called "The Rule Of 72," which estimates how often your investment will double in value (if you leave the money in the account, of course.) Take the number 72 and divide it by the annual percentage rate (APR) on the account. For instance, if your savings account has a 3% APR, the money will double every 24 years (72 divided by 3 = 24.) Roth IRAs generally average a 12% APR, which means it doubles every 6 years.

Before you decide what to invest in, you should decide when you will want the money. For retirement and my children's education, I invest in Mutual funds as they have a little bit of everything in them. Ideally, I would love to have enough to start investing in more property. But that's not like an mutual fund, you need a large amount of money to get going in that.