00:00I'm a former investment banker and this is the difference between starting to invest at 25 years
00:05versus 35. Let's say both people have $3,000 a year to invest. The 25-year-old invests for 10
00:11years and then completely stops and doesn't touch that money until she's 65. In total,
00:17she's invested $30,000 of her own money. The 35-year-old invests the same $3,000 but he does
00:23for 30 years until he's 65. In total, he's invested $90,000 of his own money. Guess who ends up with
00:31more? The 35-year-old ends up with about $359,000 and the 25-year-old with $482,000. Why? Because
00:40compound interest rewards consistency and time more than effort. Start earlier so your money works
00:47harder for longer. I'm Nisha, a follow for more easy money tips.
Comments