To day I received a message from lender Russell Barto from my Women’s Council of REALTORS group who provided me with the following chart:
According to Russ’s message, this chart shows the growth, compounded at 8% monthly, of an investment of $100 per month beginning at age 4 and ending at age 18, assuming that the investment remains untouched until age 62. This example is hypothetical and does not represent the performance of any actual investment.
Makes me wish my parents taught me to put away the money I made while working overseas in my teens. I used a lot of the money I made calling long distance to the friends I made in other countries. Yikes!