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Thursday, March 12, 2015

Young people who want to have a lot of money in retirement better understand this chart (@shaneferro @businessinsider)

The earlier you save, the better -- Compounded interest makes a huge difference. 

Full article on Business Insider

"What is compound interest? It's just easy math. When you start saving, that money earns interest. The interest makes the pot of money bigger, so it starts accruing more interest. Over a lot of years, that little bit of interest early in the process makes a big different."

chart

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