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re: saving at the beginning of your career.
Posted on 11/12/13 at 6:42 pm to kingbob
Posted on 11/12/13 at 6:42 pm to kingbob
Somebody correct if I am wrong(not too hard 
)
but I have heard that if a 25 year old starts investing $100 a month in some sort of modest growth funds till they are 65 years old, they will be have around $1 million dollars accumalated.
) but I have heard that if a 25 year old starts investing $100 a month in some sort of modest growth funds till they are 65 years old, they will be have around $1 million dollars accumalated.
1
Posted on 11/12/13 at 6:55 pm to Reubaltaich
quote:
Somebody correct if I am wrong(not too hard )
but I have heard that if a 25 year old starts investing $100 a month in some sort of modest growth funds till they are 65 years old, they will be have around $1 million dollars accumalated.
That's if you average 12% growth per year......I wouldn't count on it. Plus how far will a million bucks go in 40 yrs?? Not near as far as you think.
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