As I mentioned in my previous blog, The Benefits of Compound Interest, you can compare compound interest to a snowball rolling downhill. When you’re standing at the top of the hill, and you smash together two fistfulls of snow to make a snowball, it seems very small. But when you set the snowball down and give it a push down the hill, it slowly starts to grow in size. What does that actually look like in real life though?
To help you better understand, I have created a series of documents that lay out how you can expect your money to grow with the power of compound interest. Because so many people feel overwhelmed with investing and thinking about their retirement, I am going to start with a smaller amount, one that is very doable for most people looking to start saving for retirement. Let's see how what kind of growth we can expect for a monthly investment of $50.
Looking for a printable PDF version? CLICK HERE.
Plus, stay tuned for the next blog in this series where we will dive in deeper to the power of compound interest and see how some serious investing now can create a big payoff later.
Tony Velasquez runs Wisely Advised, LLC a full-service Registered Investment Advisory Firm offering comprehensive financial planning and investment advisory services to individuals, families, and businesses.
Whether it's traveling, being at the beach, or at his family's ranch in Texas, Tony loves enjoying time with his family and friends.