9d • General discussion
If you have kids, you may find this one helpful..
Food for thought
If you invested $100/month from age 1 to age 18:
- Time invested: 17 years
- Total contributed: $20,400
At 10% average return: about $51,000
If the child also qualifies for the $1,000 government seed money, that could grow to roughly:
- $56,000 at 10%
$100 doesn’t sound like much. But if you invested just $100 when your child was one year old and they never touched it until they were 65, assuming a 10% annual return, that single $100 bill could grow to nearly $45,000
Do you save for your kids ?
Yes
No
Getting myself right first
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If you have kids, you may find this one helpful..
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