What a high interest savings account 5% annual return looks like after 1 year
$5,000 turns into $5,250
$10,000 turns into $10,500
$20,000 turns into $21,000
$30,000 turns into $31,500
What a monthly investment turns into over $30 years at an 8% annual return
$100 - $135,940
$200 - $271,880
$300 - $407,820
$500 - $679,699
$800 - $1,087,519
Compound interest is powerful
A lot of people won’t invest because they’re scared of losing money. But guess what? If you put $100 in savings account last year in Australia it’s now worth $93.
You’re already losing money, it’s just inflation is silent and most people don’t notice it.
What would the 45 year old, 55 year old and 65 year old version of you going to think about all the investing, money and financial education decisions you’re making today?