Eric Bowie, 48, says studying to suppose in another way about cash is essential.
Supply: Eric Bowie
It is sport time.
You possibly can mess around while you’re youthful and delay saving for the longer term (although it’s not beneficial). When you get to your 40s, although, and you do not have a cushty quantity saved, it is time to get critical.
Positive, you’ve got bought bills. However your individual retirement is on the horizon. The excellent news? You’ve got nonetheless bought about 20 years to make it occur.
The best way to get there’s investing.
‘I by no means knew cash might develop like that’
Eric Bowie, 48, a authorities worker in Kansas Metropolis, Missouri, had a lightbulb second in his 20s when he was a trainer. A monetary salesman got here to the varsity to supply companies to the workers.
He confirmed Bowie a chart illustrating the affect of compound interest on investments, and Bowie was blown away.
“After I first discovered about compound curiosity, I felt like I had discovered a secret nobody else knew,” Bowie mentioned. “Not my pals, my household.
“It was virtually like a…