The True Cost of Our Financial Decisions
Most of us have never been taught the long-term cost of our financial decisions. When we make a decision to purchase something today, we are giving up the value of that purchase in the future.
By making that financial decision to spend just five dollars once a week for a cup of coffee at your local coffee shop, over a forty-year business career can have some serious future financial implications.
If you had invested just that little $5, once a week, you would have accumulated approximately $137,000 of future capital at age 65. With the average net worth of a person 65 or older being just about $20,000 (excluding any equity in a home), do you think that that extra $137,000 would have made a difference in their retirement?
Did you know that the median net worth of all American adults under the age of 35 is just $7,240? Are you one of them?
|