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A Few Rules for Building Wealth

A Few Rules for Building Wealth
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摘要 Fumbling when it comes to your investments? Don't panic.There are easy ways to get your money to work for you. 1. Start early. More than any one stock or mutual fund pick, the age you start investing will determine how much wealth you build. To illustrate: Employee A starts putting away $100 a month when she's 22. Her money grows at 8% a year, and after ten years she stops contributing-and lets her stake grow. Employee B waits until he's 32 to set aside $100 a month, also growing at 8% a year, and he keeps it up until he hits 64. When they both retire at 64, she will have $234,600, and he'll have only $177,400. Need we say more?
作者 Jia Lynn Yang
出处 《国际经济合作》 CSSCI 北大核心 2007年第2期1-1,共1页 Journal of International Economic Cooperation
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