Thursday, 13 February 2014

The FRIEND of your cash - The Magic of Compounding

Know the enemy of your cash: INFLATION

Know the friend of your cash: COMPOUNDING

Michael saved $1,000 per year from age of 21 for 10 years.

Terrence saved $2,000 per year from the age of 31 for 25 years.

Assuming they both had the same rate of return at 12% per year, at the age of 55 years, Michael grew his money more than Terrence.

The earlier you start, the less you need to save and the more you will have.,47111.msg1170071.html#msg1170071

1 comment:

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