The Power of Compounding Interest: Meet Emily

Meet Emily. She started investing at 14.

11907957834_e23188defd_oWhen Emily was 14, she saved all her gifts of cash (yes, her family and friends were generous) and babysitting money and invested $3,000 that year. She did the same for the next nine years and her investments earned an average of 10% annually. Look at the results below (click the image to see it larger) and compare them to Daniel, who got started 10 years later.

her compounding interest3