INVESTING: The Rule Of 72 🤔

Goood Morning Store Fam..A..Lam

Belting day yesterday for reservations ….

A WHOPPING 8!

On to yesterdays results …..

Self Storage Secrets Course Waiting List

Yesterdays Stats …

• 8 Reservations

• 4 Move Ins

• 2 Move Outs

Lets … Do … This …

Here's what's coming your way today 😎🎯

🤐 A Self Storage Tip - “Do you know about the Rule of 72? ”

🤝 3 Self Storage News Stories

🧐 Yesterday’s figures for each facility

🥸 1 Meme of the day

Self Storage Tip 💡 💰

Do you know about the Rule of 72?

To be honest, I’ve heard of it before but I’ve never spent any time thinking or really understanding it

Once you do understand the Rule Of 72 it’s such a fascinating concept 😍

To put in its simplest form The Rule Of 72 is …..

It's an easy way to calculate just how long it's going to take for your money to double.

Just take the number 72 and divide it by the interest rate you hope to earn.

That number gives you the approximate number of years it will take for your investment to double.

BOOMMM 🔥

So bringing this back to self storage ….

If you're getting a 25% return (COC … Cash On Cash)

72 Divided by 25 = 2.88

So it will take 2.88 years to double your bubble 🫧 … Ha old betting term …

Bubble = Money

If you're getting an 18% return CAC

72 Divided by 18 = 4

4 years to double that bubble 🤪

If you haven’t heard of it … Have a play around with it it’s a game changer

If you're wondering why the Rule Of 72 actually works (ha like me) I googled it for us …

Here’s what Google said -

“The value 72 is a convenient choice of numerator

Since it has many small divisors: 1, 2, 3, 4, 6, 8, 9, and 12.

It provides a good approximation for annual compounding, and for compounding at typical rates (from 6% to 10%);

The approximations are less accurate at higher interest rates.”

Ermmm …. That clears that up then 😂

Haha, all we need to know is it works 🤷‍♂️

Industry News 🧐

• New SureStore Self-Storage Facility Opens in Southport

• Big Yellow Has Meant Big Outperformance

• Public Storage Lags Q4 FFO and Revenue Estimates

The Fun Bit - My Business .... Bare Butt Naked! 😲 🤫 🤭

Willerby (Hull) … My Big Site

• 1 Reservations

• 0 Move Ins

• 1 Move Outs

Month to Date -

• PLUS 695 Sq Ft

Reservations so far this week = 1

Move Ins so far this week = 2

Clough Rd Figures ... The Automated Site

• 5 Reservations

• 4 Move Ins

• 0 Move outs

Month to Date -

• PLUS 1285 Sq Ft

Reservations so far this week = 8

Move Ins so far this week = 4

Beverley … My Baby (First Site)

• 0 Reservation

• 0 Move Ins

• 1 Move Outs

Month to Date -

• MINUS 480 Sq Ft

Reservations so far this week = 0

Move Ins so far this week = 0

Wrexham's Figures (Indoor) ... My First Acquisition

• 0 Reservation

• 0 Move Ins

• 0 Move Outs

Month to Date -

• MINUS 305 Sq Ft

Reservations so far this week = 0

Move Ins so far this week = 0

Mansfield Figures … My New Site

• 2 Reservation

• 0 Move Ins

• 0 Move Outs

Month to Date -

• PLUS 1685 Sq Ft for the month

Reservations so far this week = 2

Move Ins so far this week = 1

Meme / GIF of the day - 👀 😂

Health and Fitness ... Move More = Live Longer - 🏋️‍♀️ 🏃

Weekly goals -

• Gym - 0 times

• Run - 25 miles

• Boxing - 0

Results so far -

• Gym - 0

• Run - 7 Miles

• Boxing - 0

Yesterday’s Steps - 20,165

Loads of self storage love,

Dean ❤️ 🙃