The exact math on why to start investing early. | FinTips

Today we're talking about why it's so important to start saving for retirement early. We'll show the exact math for one who starts early and one who waits 10 years to start investing for retirement. We all wish we could have started earlier and today we'll show you just how important it really is. Feel free to share with younger investors you may know.

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[DonteeWeaver]

I know I'm not the only one wishing that I started earlier🤔

[utseay]

They should teach this in middle and high schools. I was 24 before it was even mentioned to me by my new employer. I contributed the match to our 401k. Had I had some knowledge I’d went way higher.

[PawPaws_Place]

I started saving at 22 in a mediocre fashion. Around 32 I started saving and investing heavily. I am 50 now and retiring. The earlier the better.

[brucesmith]

Thanks Dustin I love case studies and working thru the numbers, makes it more real.

[linkbelt]

I had to start over at 45, glad I worked hard the first 5 years, life’s been good to me. So has American, Fidelity, and Chucky....

[Awake]

When I was 19 I couldn't save $50/mo. To save my life. I'm proud of where I am now.

[TommyNguyen]

I guess I am way ahead of this game as I am 29 and been contributing 1500 a month toward my 457 account. Also maxed out my Roth IRA as well. This channel is great to keep me motivate with my money and how to save.

[emilioboriqua]

So true. In my 40’s and I am one of those who will be starting late! Wish I had seen something like this all those years ago but at least I can educate my kids.
I would love to see a video on military retirement and TSP without the BRS or with no match starting late.

[JewelzFin]

I'm 32 and in the Army as a Specialist and have managed to invest $28000 this year. I also have a daughter and travel a lot when vacationing. It's about cutting out the bs in life that doesnt matter. Those small bad spending habits. I'll be retiring at 50 or sooner for sure.

[gebhardt]

As I got older, it's easier to save twice as much I chose NOT to have kids. He's right. It's hard to save more as you get older unless you make major sacrifices.

[NewTehTrance]

If I'm 22 years old and investing on average 200 a month into my 401k and 164 a month into my Roth IRA, while making 12.25 an hour, am I doing good? I avg. about 35 or so hours a week since I'm not full time.

[Cingearth]

save 50 % of your income ! is this over the top ! on cnbc news today !

[skilledbadhabit]

Looking at this market and system failure coming, is this really a good time to be in stocks is the question? Once they stop force feeding the system money, its over!

[johnwilson]

If you're young, JUST START saving/investing. Even if $30/week is too much, try investing $20 or $10. Increase it when you can. Don't touch that money for anything. You'll thank us later.