A 30-year-old can spend $5,000 on a boob job—or she can take that $5,000 and invest it. If she puts only that amount into the markets and receives an average annual return of 7 percent from then on, without ever adding a penny to her savings, she will have $74,582 at age 70. If the 30-year-old starts investing $5,000 a year from that age onward, and receives an average annual return of 7 percent, by the time she’s 70 she will have more than a million dollars.
Get a boob job or invest the money? Numbers according to financial literacy expert Manisha Thakor, the author of On My Own Two Feet: A Modern Girl’s Guide to Personal Finance, and Get Financially Naked: How to Talk Money with Your Honey. (via newsweek)
Take control of your finances, y’all.
(via neffsays)This, ladies! And if your company matches retirement savings, remember to max that our! Free money!
