I recently had a discussion with a couple of investment advisors from Morgan Stanley about the importance of young people understanding the power of compound interest and time.
As a result of our discussion, we decided that at an upcoming Investing in Your Future meeting we would discuss these important concepts with our club members.
Then shortly after that discussion and putting our plans in place, I came across an article on the power of compound interest and time. The article provides an illustrative graph that says better than words how financially beneficial it can be to individuals to begin saving and investing when they are young.
So - here's a link to the article, "Every 25-Year-Old In America Should See This Chart," and a snapshot of the graph.
As a result of our discussion, we decided that at an upcoming Investing in Your Future meeting we would discuss these important concepts with our club members.
Then shortly after that discussion and putting our plans in place, I came across an article on the power of compound interest and time. The article provides an illustrative graph that says better than words how financially beneficial it can be to individuals to begin saving and investing when they are young.
So - here's a link to the article, "Every 25-Year-Old In America Should See This Chart," and a snapshot of the graph.