How Compound Interest Can Help You Retire a Millionaire — Even on a Modest Income | The Motley Fool

How Compound Interest Can Help You Retire a Millionaire — Even on a Modest Income | The Motley Fool


Does it seem like your monthly bills have grown a far more than your monthly income has over the course of the past few years? If so, you’re not alone. Although wages have statistically kept up with the cost of living of late, most people say it certainly doesn’t feel that way. There’s often so little money left over these days that saving anything for retirement seems a bit pointless.

Don’t slip into that mindset! As little as you might be able to put toward your retirement now and for the foreseeable future, every little bit you can tuck away here helps more than you might realize. You will eventually reach a point where it all clearly becomes worth it. It’s just that this point is much further down the road than it seems like it should be.

The good news is, after you reach this point, the growth fireworks really start. Here’s the proof.

Continue reading



Source link

Spread the love