Saturday, November 13, 2010

The Cost of Waiting!

There is never a right time to do your financial planning.
However, I would encourage you not to delay it because procrastination will hinder you from becoming financially successful.

 As illustrated, if you set aside $200 per month for the next 25 years (assuming no taxes and 6.5% annual rate of return), then by starting:
  • TODAY, the outcome is $150, 579.
  • After 5 years of delay, the difference is $51,963!
  • After 10 years of delay, the difference is $89,541!!
So simple consistent savings will lead to big payoff.
Don't delay!
Start now!

Related article of interest "Systematic & Disciplined Investing that pay."