The High Cost of Waiting
Time is critical when it comes to saving more even when you have less money. When you're young, you can save small amounts and still end up with thousands of dollars.
The longer you wait to start saving, the more you'll have to put away each month to reach your retirement goals. The sooner you start, the fewer dollars it will take.
Watch the video above and see the difference it takes to reach $1 million starting at age 27 vs. starting at age 57.
If you want to be financially independent, start saving now or you'll have to save more later.
One thing is certain: You can't afford the high cost of waiting.
This material is for general educational purposes and is not intended to be a recommendation to buy, sell or hold a security or to adopt a particular investment strategy.
Want to learn More about How Money Works™? Check out these other financial concepts.
Debt
Stacking
The Theory
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Responsibility
Dollar
Cost
Averaging
Become
an Owner,
Not a Loaner
