07-26-2005, 09:57 AM
Any 25 year old who puts in $300 per month into a RRSP will have over a million by the time he/she is 65, 8% ROI assumed.
Play with your own numbers:
http://www.moneychimp.com/calculator/compo..._calculator.htm
It's not that hard the trick is to have it deducted automatically so you never touch the money. It's called "pay yourself first" in personal finance speak.
Play with your own numbers:
http://www.moneychimp.com/calculator/compo..._calculator.htm
It's not that hard the trick is to have it deducted automatically so you never touch the money. It's called "pay yourself first" in personal finance speak.
2001 Focus ZTS 2004 WRX
"I'm just here for the camping"
http://www.facebook.com/profile.php?id=687620231
TEAM P.I.T.A. FTW!
"I'm just here for the camping"
http://www.facebook.com/profile.php?id=687620231
TEAM P.I.T.A. FTW!