Saturday, March 01, 2008

The Magic of Compounding


Yes I know this blog entry has nothing to do with fitness or nutrition, but if you know me well, you know I like reading about investing/finance. Anyway, here's an awesome stat I found in Kiplinger's Personal Finance Magazine:


If you start saving $100/month at age 22 and earn an 8% rate of return until you're 65, you'll have...$450,478.


If you wait only 10 years later and begin the same approach above, but start at age 32, you'll only amass $194,654!


Incredible stuff. Now stop reading my blog and go fund your IRA! :-)


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