Google search “investment calculator” and run these numbers. Let’s assume the investor is 21 years old and wants to invest $1,000. Put in an annual estimated rate of return at 9% and the money will stay invested until they turn 65 when they would then have $56,535! However, if that same person didn’t invest their $1,000 until they were 40, at 65 years old they would have just $9,408 (assuming a 9% rate of return). The moral of the story is, start investing EARLY and let TIME do the work for you. Waiting to invest may be one of the costliest mistakes you will ever make!
CalmWater Financial Network®, 3204 W Benjamin Ave, Suite 200, Norfolk, NE 68701 ~ (402) 371-5511
Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth.