The Power Of Compounding In One Graph
Updated: Mar 29
Ever wondered how much money you need to save to make a million dollars? The answer depends on how early you start.
Thankfully, you can still have a positive impact on your financial future even if you start later in life — but if you're 60 years old and just beginning to think about financial freedom, you have a lot of work to do. If you're 20 however, you have an extra forty years to set yourself up for financial success. This extra time makes a significant difference!
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Before making an investment decision based on this advice you should consider, with or without the assistance of a qualified adviser, whether it is appropriate to your particular investment needs, objectives and financial circumstances. Past performance of financial products is no assurance of future performance.