The Power of Compounding Interest
Chris is putting away $20k for 10 yrs at 31 yrs old = $200,000 put away
Pat is starting 10 yrs later on retirement at 41 putting away $20k per year until age 65 totaling = $500k
Chris, having a decade of compounding head start on Pat (assuming an average rate of return of 8% for both) will have roughly $2.1 million at age 65. That is approximately $500k more than Pat; simply because he having to play catch up.
Never Forget the Value of Time & Money. The Financial world can be complicated for many, but getting started is the first step in beginning to align your personal & professional goals throughout life,
Investor & Consultant for Business, Project & Cashflow Management - Investment Equity, Venture Capital Funding & Venture Debt Finance
3 年Great work Joseph, we should catch up sometime soon
Salesforce Developer at Center for Court Innovation
3 年Joseph Di Giulio Compound interest-The 8th wonder of the world!!
Chief Compliance Officer
3 年Joseph Di Giulio love it
Tennis Professional
3 年Compounding Interest-- so essential
Former Student-Athlete at LSU.
3 年Di Giulio Financial