Why We Should Start Investing Now

When we are in our twenties and thirties most of us tend to think we have all the time in the world to start saving and investing. We often believe that we will catch up down the track.

Unfortunately this is not the case for most people.

Hopefully the following example will convince you that you need to act NOW!

Consider two investors. The first decides to invest $10,000 per annum every year for ten years at a return of 10% p.a. After ten years she decides to invest no further funds and just leave the funds already accumulated, in the same investment returning 10 % p.a. for the next twenty years.

Investor B invests nothing for those first ten years, but then invests $10,000 each year for the next twenty years at 10% p.a.

So who has the most money at the end of 30 years? Investor A contributed $100,000 of her own money, whilst Investor B contributed $200,000. After 30 years, Investor A’s wealth has grown to $1.179 Million whereas Investor B’s has reached just $630K. Those first ten years made all the difference.

Background information
Wealthyfrog provides unbiased expert coaching geared towards helping people achieve financial freedom for life. Wealthyfrog does not sell any investments and has no bias to any particular investment area.

For more information
Should you wish to speak with Wealthyfrog for a complimentary session, please visit our website on www.wealthyfrog.com.au or email info13@wealthyfrog.com.au

This document has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained in this document is General Advice and does not take into account any person’s particular investment objectives, financial situation and particular needs. Before making an investment decision based on this advice you should consider, with or without the assistance of a financial adviser, whether it is appropriate to your particular investment needs, objectives and financial circumstances.