The secret to building a solid financial foundation? Start early, even if it’s with a small amount.
Anderson Nascimento, CFP?
General Manager for 11 years in Banking / Customer Service / Client-Focused Solutions / Operations Management / Business Management / Team Management / Risk Management / Certifield Financial Planner / Financial Literacy.
Did you know that consistent investing can turn time into your greatest ally?
Imagine this scenario: ? By investing?$620 per month?with an average annual return of?5%, in?30 years, you could have more than?$500,000.
Let’s take a closer look at how the accumulated value grows over time:
The table highlights the power of compound interest over time. Notice how:
? Now, imagine if you could increase your contributions over time—the potential becomes even greater!
This demonstrates the importance of starting early: the longer your money stays invested, the greater the impact of compound interest.
The key lies in:
Starting small is better than not starting at all. The sooner you take the first step, the greater the rewards will be for your financial future.
What’s your plan for the future?