Kyle Calandra, our 21-Year old Business Development Manager, dives into the importance of starting your investment plan as soon as possible. The longer money has to work, the more it will yield for our futures.

Transcript:

Hi everybody, Kyle Calandra here with Calndra Financial. A simple question we get all the time. Is there an age that is too young to start investing in the market
the simple answer is no there is no age that is too young.

To give an example if we take a ten thousand dollar investment without adding any money except for a five percent growth rate in the market that investment made at age 40 will yield $26,000 by the time the investor is 60. That sounds great, right?

Well, if you make that same investment just 10 years earlier at 30 it will yield $43,000 in the 30 years from 30 to 60. Finally, if we make that same ten thousand dollar investment without adding any money to it except for the five percent growth rate from 20 to 60 it will yield over $70,000. The longer money is put to work the more wealth it can generate in the future. It seems to me that building wealth is quite simple. It is. However, not easy if you’re around my age. I’m 21. if you’re in your early to mid-20’s and you haven’t started investing and planning for your future, now might be a great time to start.

If you have a child or grandchild that’s nearing that age maybe they’re about to graduate high school. Maybe they’re about to graduate college, the best gift you can give them is a plan for their future.

I’m Kyle and you’ve been on the Retire Road.