Friday, December 07, 2007
Henry and Jack are going to be millionaires!!!!!!!!!!!!!!
Well, maybe not until the year 2060 or so but they'll eventually get there. I have a chart that shows if you invest $50 a month for five years and don't touch it the balance will compound to over a million dollars in 58 years. It shows you starting at age 8 but I figure why wait that long, start at $25 a month right now and see what happens.
I don't know what a million dollars will be worth in 60 years but it'll be better than nothing.
Well, maybe not until the year 2060 or so but they'll eventually get there. I have a chart that shows if you invest $50 a month for five years and don't touch it the balance will compound to over a million dollars in 58 years. It shows you starting at age 8 but I figure why wait that long, start at $25 a month right now and see what happens.
I don't know what a million dollars will be worth in 60 years but it'll be better than nothing.
