Saturday, September 12, 2009
Small Savings Can Make A Difference
At age 18, you decide not buy a latte and a muffin each day.
You invest this $5.00 a day at 8% annual interest until you are 65.
At age 65, your savings from not smoking is over $900,000.
True.
$931,735
Because of the power of compound
interest, small savings can make a
difference.
8% is the annual return of a mutual
fund.
It pays to resist temptation and live
below your means.
You invest this $5.00 a day at 8% annual interest until you are 65.
At age 65, your savings from not smoking is over $900,000.
True.
$931,735
Because of the power of compound
interest, small savings can make a
difference.
8% is the annual return of a mutual
fund.
It pays to resist temptation and live
below your means.
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