Saturday, 31 May 2008

Starbuck’s or megabucks?

The miracle that is compound interest never ceases to amaze me.

An improbably named financial planner Malcolm Cuthbert is quoted in today’s Times as saying that if 35 year olds put the £1.80 a day they spent on a daily cup of coffee into their pension pots instead, at age 65 they’d get £3,843 more every year for the rest of their lives.
Wow! Worth suffering chronic caffeine withdrawal for I’d say.

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