Financial Freedom Rules and Strategies

• The 15*15*15 Rule: This rule allows even salaried individuals to accumulate ₹1 crore by saving ₹15,000 a month for 15 years without any default. This strategy focuses on compounding and consistency.

• Rule of 72: This rule calculates the time it will take for an investment to double at a fixed rate of return. It helps determine the ideal rate of return for doubling investment.

• Rule of 114: This rule tells when investment triples. It calculates the number of years needed for wealth to grow threefold.

• Rule of 144: This rule indicates when an investment quadruples in value.

• 50/30/20 Rule: This rule simplifies the budgeting process by dividing net-income into three categories: 50% for essentials, 30% for wishes, and 20% for savings and debt repayment.

• 100 Minus Age Rule: This rule determines the percentage of equity portfolio, with the rest allocated to low-risk assets or traditional fixed/recurring deposits.

• 10X Insurance Rule: This rule helps calculate the amount of life cover required by dependents in their absence. However, it doesn’t consider factors such as age, specific family needs, or number of dependents.