what i learned

What I learned

1.) I learned that when you don't invest your money, you are actually losing money. If you keep it at home, as inflation goes up, the value of your money goes down.

2.) I learned that you don't have to make a lot of money to be rich. Smart investments and conservative spending can add up to hundred of thousands of dollars in a couple decades.

3.) I learned that if you invest in a 401k (if your company offers it) then the money that you put in it isn't taxed until your take it out.

4.) I learned that if you make one extra payment per year, you can pay off a 30 year fixed rate mortgage in little more than 20 years.

5.) I learned that you can automatically have a certain percent (say 10 or 15%) taken out of your paycheck and put into an investment like a 401k.

6.) I learned that buying a latte 5 times a week for 30 years can add up to as much a $1,000,000.