Take a look at this chart I found. It shows you how much money you would make if you invested $2000 a year into a mutual fund or stocks starting at age 26 and continued until retirement versus putting 2k a year away from when your 19 and till you turn 25. As you can see, starting just 7 years earlier can make a huge difference. The earlier you start, the less money you have to sock away to become rich later in life. I don’t care how old you are. Start saving now. You’ll regret it if you don’t (Sounds like something your parents would say huh?).
click on the image to enlarge
1 comment:
Happen to chance upon this blog.
Nice layout showing the different outcome of 2 different investors.
Thanks for sharing and certainly it will wake me up and start saving for investment NOW!
Post a Comment