Finance 101: All age levels

Todays finance class for kids:

Q: IF A STUDENT starts with nothing at say, 20 years old.
The student then saves 15 dollars per day (latte, cocktail, whatever you choose)
The SAVINGS grow at 7% per year (LT stock mkt returns)
Don’t touch it, so don’t tax it.

Your savings stock account at the end of 50 years is?
$_, _ _ _, _ _ _ (see below)

Congratulations, you’re now in the wealthiest 5% of Americans. And in the world? Greater than all but .005%

Now, imagine if you’d saved more…or earlier?

A: $2,528,833.23

The most important asset all investors have is…time.

School’s out.

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