This past weekend, we had the opportunity to have several millennials, friends of our daughter, at our dinner table. One of the them asked for our help “adulting” – a term coined by this generation to describe all things related to responsibility when one enters the adult world.
We knew we had a limited amount of time and attention from these millennials, so we talked about what we think is the most important data for them to know – the power of compound savings. And, as they say, a picture is worth a thousand words, so we used the graphic below to quickly demonstrate the power of compounding. Take a look at the chart below and share it with your millennial. In this slide – you will see the unbelievable power of saving early.