Thursday, April 10, 2008

A Million Dollars

The other night, I stumbled upon the Suze Orman show. Suze Orman is a financial advisor who takes calls and gives good financial advice on tv.

In the show that I watched, she advised a young caller to start saving by putting away a sum of money each month. She said for someone who is as young as twenty-two ot twenty-three, the monthly savings would add up to in the region of a million dollars on compound interest.

I'd say that's pretty sound advice and every young person should get a savings account and start putting away some money for financial freedom in their later years. Financial health is equally if not more important than physical health.

No comments:

Post a Comment