anon_8675309,

Yes. Because compound interest is exponential. At 10, 20, 30 years you have 2X, 4X, and 8X your money. Assuming about 7 pct interest.

If you start now, you can get away with putting a few hundred a month away. If you wait until you’re 40 or 50 you have to be putting thousands away per month.

  • All
  • Subscribed
  • Moderated
  • Favorites
  • news@lemmy.world
  • DreamBathrooms
  • mdbf
  • ethstaker
  • magazineikmin
  • GTA5RPClips
  • rosin
  • thenastyranch
  • Youngstown
  • osvaldo12
  • slotface
  • khanakhh
  • kavyap
  • InstantRegret
  • Durango
  • JUstTest
  • everett
  • cisconetworking
  • Leos
  • normalnudes
  • cubers
  • modclub
  • ngwrru68w68
  • tacticalgear
  • provamag3
  • anitta
  • tester
  • megavids
  • lostlight
  • All magazines