Whether you opt to save or invest, doing this for children could set them up for greatness…
On the left we have how long you save until. For example, saving until they turn 16, 18, 21 and 25.
Then we have savings per months followed by invested per months and then the difference.
To make things more easier to envisage i have also added the number of months you’d need to do this for.
Note about refurns:
In the last 32 years, the S&P 500 index (in EUR) had a compound annual growth rate of 11.00%
It’s also currently at all time highs, as of writing this.
Of course 10% isn’t alway guaranteed but compound interest is always the key!
Anything more than a few % will provide better rates, when compounded than simply saving your money.
Investing is better than Saving, which is better than doing nothing at all.
#investing #invest #property #wealth #stocks #compoundinterest #wealth #saving #save
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Негізгі бет Why Investing is Better Than Saving
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