Read on TwitterWant to know why investing as early as possible is the key to building long term wealth?
Let me show you with an little story
Listen to this...
[HUGE THREAD]
Let& #39;s say we have 2 people who are new to investing and are looking to start today, Andy and Lisa
They both decided to invest $100 per month and will both achieve 5% annual returns
They both plan to invest until they are 65 years old
Andy is 35
Lisa is 25
They both decided to invest $100 per month and will both achieve 5% annual returns
They both plan to invest until they are 65 years old
Andy is 35
Lisa is 25
They work hard and consistently invest that $100 a month because they know it is better to invest consistently rather than try and time the market
By the time they both reach 65...
Andy has $89,000
Lisa has $162,000
DAMN
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤯" title="Explodierender Kopf" aria-label="Emoji: Explodierender Kopf">
See the difference?
By the time they both reach 65...
Andy has $89,000
Lisa has $162,000
DAMN
See the difference?
By starting to invest just 10 years earlier at the same rate per month and same annual returns, Lisa retires with NEARLY DOUBLE the amount of money compared to Andy
It is called compound interest
It is a form on exponential growth that benefits investors the longer they invest
It is called compound interest
It is a form on exponential growth that benefits investors the longer they invest
They call it "The Snowball Effect"
You start by building a small snowball, only about the size of you hands
You then begin to roll the snowball down a huge snowy hill
As it rolls down, it gathers more snow and grows bigger and bigger with each pack
You start by building a small snowball, only about the size of you hands
You then begin to roll the snowball down a huge snowy hill
As it rolls down, it gathers more snow and grows bigger and bigger with each pack
The same thing happens to your investments
They may start off small, but with the help of compound interest, the grow exponentially over time
That way you always grow by a larger amount than you did before, and this cycle just repeats
They may start off small, but with the help of compound interest, the grow exponentially over time
That way you always grow by a larger amount than you did before, and this cycle just repeats
Don& #39;t believe me?
Here is a graph to show you the difference between investing at 25 vs 35
Just look at the differencehttps://abs.twimg.com/emoji/v2/... draggable="false" alt="😱" title="Vor Angst schreiendes Gesicht" aria-label="Emoji: Vor Angst schreiendes Gesicht">
Here is a graph to show you the difference between investing at 25 vs 35
Just look at the difference
" title="Don& #39;t believe me?Here is a graph to show you the difference between investing at 25 vs 35Just look at the differencehttps://abs.twimg.com/emoji/v2/... draggable="false" alt="😱" title="Vor Angst schreiendes Gesicht" aria-label="Emoji: Vor Angst schreiendes Gesicht">" class="img-responsive" style="max-width:100%;"/>
So, the moral of the story?
START NOWhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="❗️" title="Rotes Ausrufezeichen" aria-label="Emoji: Rotes Ausrufezeichen">
Investing doesn& #39;t have to be complicated or require a lot of money
It just takes time
Let your money compound, and before you know it, you will be left with more than you ever imagined
There is no replacement for lost time
START NOW
Investing doesn& #39;t have to be complicated or require a lot of money
It just takes time
Let your money compound, and before you know it, you will be left with more than you ever imagined
There is no replacement for lost time
I hope you enjoyed this thread
My goal here on Twitter is to show and teach people the power of investing and letting your money work for you
Feel free to send me a DM if you want to talk more or have any questions
Also, check out the link in my bio, I have some cool contenthttps://abs.twimg.com/emoji/v2/... draggable="false" alt="😁" title="Grinsendes Gesicht mit lächelnden Augen" aria-label="Emoji: Grinsendes Gesicht mit lächelnden Augen">
My goal here on Twitter is to show and teach people the power of investing and letting your money work for you
Feel free to send me a DM if you want to talk more or have any questions
Also, check out the link in my bio, I have some cool content