Procrastination: Killer of Financial Dreams

“If you’re saving, you’re succeeding.”
― Steve Burkholder

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Everyone wants to save money. Few actually get around to it. Of those who do, they wish they had started sooner. Let’s see what happens when you procrastinate:

Age: 35
Amount saved: $500 per month to age 65
Average interest rate or rate of return: 7.5%
Accumulated value at age 65: $677,933.48

Age: 40
Amount saved: $500 per month to age 65
Average interest rate or rate of return: 7.5%
Accumulated value at age 65: $441,371.88

Age: 45
Amount saved: $500 per month to age 65
Average interest rate or rate of return: 7.5%
Accumulated value at age 65: $278,595.77

Age: 50
Amount saved: $500 per month to age 65
Average interest rate or rate of return: 7.5%
Accumulated value at age 65: $166,590.86

Age: 55
Amount saved: $500 per month to age 65
Average interest rate or rate of return: 7.5%
Accumulated value at age 65: $89,521.20

Procrastination kills financial dreams. Make your financial dreams come true by starting to save early in life and by being consistent throughout the years.

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