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