Today I was featured in two carnivals: Carnival of Personal Finance at The Simple Dollar. Carnival of Investing at Money Start Life. As always, there were many great articles from these carnivals. Here are some that I liked. Carnival of Personal Finance: Making The Financial Sacrifice To Get What You Want at My two dollars. Money Automation 101 at Simple Guru. Simple living- 25 ways to save money at InvestmentLoans. Carnival of...
Read MoreStart saving for retirement asap, compound interest says so.
Posted by admin on Feb 5, 2007 in Calculators, Retirement, Saving, Smart money tips, Stocks, investing |
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So here is the scenario: Person A is 20 years old and has nothing start off with since he’s fresh out of school. But he has a decent job and he able to invest 100 dollars a week. He does this til the age 60. Starts with $0.00 Invest $100.00 a week ($4,800.00 a year) Interest rate going at 10% 40 years to invest Person B is 40 years old and has waited this long to wait to start saving for his retirement. He has some money saved up...
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