Compounding Interest: Better to Save Now Than Later

Here is a picture that will make you think. It’s a chart of what type of savings can be accumulated if you start early and leave it alone versus starting later and making yearly contributions.

Obviously, you’d have to average a whopping 10% for the entire savings period which would be challenging. But overall you can see what happens when interest compounds and how the people who start today have the advantage.

Via: Financial mindset.

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