Compound Interest And Early Retirement
Do you want to know how to retire early? The best answer to this question is to start early. If you set up a plan to make regular deposits to a tax differed retirement account you will have the financial security you need to retire early. The reason is called "compound interest".
Compound interest is a wonderful thing. If you deposited 20,000 dollars in a retirement account at age 18 and never deposited another dime you would have almost 2 million dollars at age 65. I know you probably couldn't deposit that much money at age 18 but you can deposit something. Make regular deposits to your retirement account and allow the magic of compound interest work for you.
