Learn From Ben - Start Saving NOW!
Saving money consistently is so important! The earlier you start, the better. Let compound interest work in your favor! While you can’t change the past, you CAN start right now! Check out Dave's tools for tomorrow's millionaires.
Example - Ben and Arthur
Both save $2,000 per year at 12%. Ben starts at age 19 and stops at age 26. Arthur starts at age 27 and stops at age 65. AND ARTHUR NEVER CATCHES UP TO BEN!
| Age |
Ben Invests |
Arthur Invests |
| 19 |
$2,000 |
$2,240 |
$0 |
$0 |
| 20 |
$2,000 |
$4,749 |
$0 |
$0 |
| 21 |
$2,000 |
$7,558 |
$0 |
$0 |
| 22 |
$2,000 |
$10,706 |
$0 |
$0 |
| 23 |
$2,000 |
$14,230 |
$0 |
$0 |
| 24 |
$2,000 |
$18,178 |
$0 |
$0 |
| 25 |
$2,000 |
$22,599 |
$0 |
$0 |
| 26 |
$2,000 |
$27,551 |
$0 |
$0 |
| 27 |
$0 |
$30,857 |
$2,000 |
$2,240 |
| 28 |
$0 |
$34,560 |
$2,000 |
$4,749 |
| 29 |
$0 |
$38,708 |
$2,000 |
$7,558 |
| 30 |
$0 |
$43,352 |
$2,000 |
$10,706 |
| 31 |
$0 |
$48,554 |
$2,000 |
$14,230 |
| 32 |
$0 |
$54,381 |
$2,000 |
$18,178 |
| 33 |
$0 |
$60,907 |
$2,000 |
$22,599 |
| 34 |
$0 |
$68,216 |
$2,000 |
$27,551 |
| 35 |
$0 |
$76,802 |
$2,000 |
$33,097 |
| 36 |
$0 |
$85,570 |
$2,000 |
$39,309 |
| 37 |
$0 |
$95,383 |
$2,000 |
$46,266 |
| 38 |
$0 |
$107,339 |
$2,000 |
$54,058 |
| 39 |
$0 |
$120,220 |
$2,000 |
$62,785 |
| 40 |
$0 |
$134,646 |
$2,000 |
$72,559 |
| 41 |
$0 |
$150,804 |
$2,000 |
$83,506 |
| 42 |
$0 |
$168,900 |
$2,000 |
$95,767 |
| 43 |
$0 |
$189,168 |
$2,000 |
$109,499 |
| 44 |
$0 |
$211,869 |
$2,000 |
$124,879 |
| 45 |
$0 |
$237,293 |
$2,000 |
$142,104 |
| 46 |
$0 |
$265,768 |
$2,000 |
$161,396 |
| 47 |
$0 |
$297,660 |
$2,000 |
$183,004 |
| 48 |
$0 |
$333,379 |
$2,000 |
$207,204 |
| 49 |
$0 |
$373,385 |
$2,000 |
$234,308 |
| 50 |
$0 |
$418,191 |
$2,000 |
$264,665 |
| 51 |
$0 |
$468,374 |
$2,000 |
$298,665 |
| 52 |
$0 |
$524,579 |
$2,000 |
$336,745 |
| 53 |
$0 |
$587,528 |
$2,000 |
$379,394 |
| 54 |
$0 |
$658,032 |
$2,000 |
$427,161 |
| 55 |
$0 |
$736,995 |
$2,000 |
$480,660 |
| 56 |
$0 |
$825,435 |
$2,000 |
$540,579 |
| 57 |
$0 |
$924,487 |
$2,000 |
$607,688 |
| 58 |
$0 |
$1,035,425 |
$2,000 |
$682,851 |
| 59 |
$0 |
$1,159,676 |
$2,000 |
$767,033 |
| 60 |
$0 |
$1,298,837 |
$2,000 |
$861,317 |
| 61 |
$0 |
$1,454,698 |
$2,000 |
$966,915 |
| 62 |
$0 |
$1,629,261 |
$2,000 |
$1,085,185 |
| 63 |
$0 |
$1,824,773 |
$2,000 |
$1,217,647 |
| 64 |
$0 |
$2,043,746 |
$2,000 |
$1,366,005 |
| 65 |
$0 |
$2,288,996 |
$2,000 |
$1,532,166 |
| |
|
|
. . . And he never caught up! |
Check out Dave's tools for tomorrow's millionaires
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Why You Should Teach Your Kids About Money
The Truth About Teens And Credit Cards
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