Start Now. Time can be an investor’s best friend. By investing $500 a month at age 40, and assuming 8% growth, one could have $465,000 by age 65. By waiting until age 45, that amount decreases to $300,000. That’s a 38% penalty for waiting five years.

Getting Kids Started with Investing
How do you get children interested in the stock market and instill a life long appreciation for the need to save and invest? The earlier you start interesting children in investing and saving, the better their prospects for a financially independent future. One way is to buy shares of specific stocks that kids recognize. Unfortunately on-line brokers that charge minimal commissions, usually require a minimum purchase of $1,000. Even through discount brokers, commissions on purchasing just one or two shares can be expensive. Rather than purchase individual company shares you may find it’s cheaper to invest in a mutual fund...Read More