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If you are also facing problems in financial planning, then you should know about some of its rules. Financial experts have suggested 5 easy 'rules of thumb', which can prove to be very helpful for you. If you follow them, then no one will be able to stop you from becoming rich. On the contrary, people can also start following you to know its secret. Let's know what are these 5 rules.

If you want to know how many years your investment will double, then divide 72 by your annual return percentage. For example, if you are getting 8% return on investment, then the money will double in 9 years (72÷8).

According to this rule, whatever comes after subtracting your age from 100, that much percentage should be invested in equity. For example, if you are 30 years old, invest 70% in equity and 30% in debt. This creates a better balance for the long term.

This rule says that your total monthly EMI should not be more than 40% of your net income. If your salary is ₹1,00,000, then the combined EMI of all loans and cards should not exceed ₹40,000. This can help you avoid financial stress.

This rule tells when the value of money will be halved based on inflation. If inflation is 7%, then divide 70 by 7. This way the result will be 10, which means that in 10 years the value of your money will be halved. Therefore, this rule reminds us that wealth will grow not just by saving, but only by investing that defeats inflation.

This rule tells when the investment will quadruple. Divide 144 by the annual return, like an investment at 8% will quadruple in 18 years. It is useful towards creating long term wealth.