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:
MILLIONAIRE CALCULATOR
MILLIONAIRE CALCULATOR
