It is simply amazing how much money we can save the earlier we start in life. If I had seen that chart when I was 19 years old, I wouldn’t have the student loan debt that I do now, and I would have opened up a Roth IRA a LONG time ago. If you’re not a Dave Ramsey fan, just don’t watch the video. It’s a very simple concept that he’s teaching in this video, but very few of us put that concept into practice.
A Video of Dave Ramsey Explaining the Power of Compound Interest
Erik Folgate
Erik and his wife, Lindzee, live in Orlando, Florida with a baby boy on the way. Erik works as an account manager for a marketing company, and considers counseling friends, family and the readers of Money Crashers his personal ministry to others. Erik became passionate about personal finance and helping others make wise financial decisions after racking up over $20k in credit card and student loan debt within the first two years of college.
Learn more About Money Crashers - including co-founders Andrew Schrage and Gyutae Park.
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