This should actually be advice given to 20 year olds. Compound interest is magic:
If you put $5,000 aside every year and invest it at 7% p.a. from age 20-30 and then stop putting more money aside for the remainder of your life, you will have more money than if you started investing $5,000 each year starting at age 30 and for the rest of your life.
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This should actually be advice given to 20 year olds. Compound interest is magic:
If you put $5,000 aside every year and invest it at 7% p.a. from age 20-30 and then stop putting more money aside for the remainder of your life, you will have more money than if you started investing $5,000 each year starting at age 30 and for the rest of your life.