Imagine investing $500, then adding $25 each month. In this example, the money grows by 7% a year. Each year's earnings are added, so they can grow too. After 40 years, it reaches about $67,000.
money
Imagine investing $500, then adding $25 each month. In this example, the money grows by 7% a year. Each year's earnings are added, so they can grow too. After 40 years, it reaches about $67,000.
The rest of this one is in Curio Pro.
Source: files.consumerfinance.gov
Read the rest in CurioMystery, Smart Money and Startup Lessons are part of Curio Pro.