The power of compounding means that every extra year that your money is invested can have a big impact on the total that you will have saved for retirement. Chapter 5 “Your First Job and Entrepreneurship” in Financially Independent Teens presents a real-life example where $2,000 invested into the S&P 500 index over four years ($500/year in an IRA) starting at age 16 turned into more than $269,000 by age 65!
Our books are available on Amazon as a Kindle or print book. Our website has additional information that you may find useful.
These books highlight important topics like those below:
·Difference between traditional and Roth IRA’s
·Importance of utilizing your 401K matches of ·Understanding your investment choices
·Understanding what a mutual fund, EFT, stock and bonds are
·Empowering yourself and your children be financially confident and competent
After you read the book, we would appreciate it if you would write a review on Amazon.
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