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Tuesday, March 2, 2010

Millionaire By Age 65 Saving $100 A Month?

The magic of compounding interest...the younger you start saving for the future the better...if you start at age 20 investing $100 per month you can be a millionaire by age 65...the catch is find a way to get an annual rate of return at 10.25%...parents, if you start saving $100 per month for your kids at age 1 they could be millionaires by age 65 with an annual rate of return at 6.00%...the point is...start the savings plan as early as possible...here is a link below to a calculator for planning out your time frame for that first million in savings:

1 comment:

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