How Starting Early Can Make You a Millionaire
Albert Einstein called compound interest the “eighth wonder of the world.” It’s money earning money on itself over time.The formula is simple: A = P(1 + r/n)^(nt), where P is principal, r is rate, n is compounding frequency, and t is time.Example: Invest $5,000 annually at 7% return (historical S&P average).
- Start at age 25: By 65, ~$1.07 million.
- Start at 35: ~$500,000.
That 10-year delay costs over half a million!Time is your biggest ally. Even small, consistent investments grow exponentially.Use free online calculators to model your scenario. Historical data shows stocks average 7-10% after inflation.Start today—open a brokerage account and automate contributions. The earlier, the richer.
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