Early Investor Earns Early Retirement
Wednesday, December 24th, 2008Time is the greatest ally that an investor could ever have. As an investor, you will make most of your money through compounded interest and the earlier you start, the more compound interest you can earn. Let’s look at an example. For this example we are going to assume that two different people can both start investing at 12% interest for a continuous period of time. The first person, Charles, is going to start investing $2,000 per year at the age of nineteen until he is 27, at which point he will stop adding to his investment. The second person, William, is going to wait until he is 27-years old before he starts investing his $2,000 per year. Although, William will be continuously adding $2,000 per year to his investment until... Read more »