With this being the year of the 300th Anniversary of the UK, I thought I’d pose a question to show the value of starting saving early.
Question:
How much money would you have accumulated by now if, back in the year 1707, you’d invested £1 at an interest rate of ten percent?
Answer:
A remarkable £2,617,010,996,170.
If you shared it out, that’s enough to turn over 2 million people into millionaires, while still leaving yourself with over £600 million to play with.
But But But…
Did you?