Consider these interesting factoids if you will.
The future value of $100 invested at the beginning of each month at 9% for 10 years is $19,497.
The future value of $100 invested at the beginning of each month at 9% for 20 years is $67,290.
The future value of $100 invested at the beginning of each month at 9% for 30 years is $184,447.
Considering these numbers, it makes sense to get on the other side of debt/equity relationship. After all, if one can afford to make credit card payments, they can obviously afford to save. It's all a matter of discipline and delayed, rather than instant gratification.
Sorry guys, but numbers just speak to me.
Last edited by Willieboy; 12/29/07 07:14 PM.
