I have been saving and investing for sixty-two years, there was never a year or month I didn't save, albeit quite modestly - even pocket change. In the beginning that investing was payroll deduction savings bonds, a few years later I added modest a…
I have been saving and investing for sixty-two years, there was never a year or month I didn't save, albeit quite modestly - even pocket change.
In the beginning that investing was payroll deduction savings bonds, a few years later I added modest amounts for an employee stock purchase plan, I dabbled in penny stocks - and lost - and invested in mutual funds in and out of a 401k plan.
Over those years all earnings were reinvested.
I haven't made any new investments in over fifteen years.
I have a respectable net worth and investments create a meaningful annual income - even savings bonds which I am forced to redeem at thirty years maturity.
The point is that virtually anyone at any income level can do the same and the rewards will be commensurate with saving levels.
Even saving $5.00 per week for as long as I did will get you $172,515.22 (at only 6%)
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