You are never too young to start saving for your future. The time value of money cannot be under-estimated. Einstein said, “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” The second part of that quote isn’t literal, but Einstein is implying that you will pay a price for wasting time. I agree.
The chart below illustrates benefits of saving and investing early. Share this with your youngsters and hope it sticks. It doesn’t take a lot of money to reach your goals, but it does take dedication, consistency, and perseverance.
Let us help you understand, work towards, and, ultimately, become or create Consistent Chloe’s in your life! Virtus Wealth Management is here to partner with you in pursuing your goals.
No strategy assures success or protects against loss. Investing involves risk including loss of principal.