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% of.the.world.
Now, imagine if you’d saved more…or earlier?
The most important asset all investors have is…time.