New Delhi, June 11 -- The 'Rule of 114' is a straightforward method used in day-to-day personal finance planning to estimate how long it will take for your money to triple at a fixed annual rate of return. This formula is fundamentally based on the power of compound interest and helps investors quickly understand long-term wealth growth and corpus creation without complex calculations.

Therefore, if your investments earn a steady rate of return every year, you can quickly estimate when your financial goal of tripling your wealth might be accomplished. This formula can be utilised for meaningful wealth management planning, provided its limitations are clearly acknowledged.

To ensure meaningful personal finance planning, the 'Rule of 114'...