[INFOGRAPHIC] 5 Reasons Why Most Don’t Become Wealthy
Even though we live in the most affluent country in the world, where most people earn and spend a fortune in the course of their working lifetimes, why is it that the majority ends up dependent on social security, pensions and relatives when they retire?
If a person earning $25,000 dollars per years would just save $2500 dollars per year, ten percent of his income, and invest it carefully to earn a return of ten percent compounded over the course of his working lifetime, the years from age 21 to age 65 (44 years), it would grow to $1,794,762 dollars through the miracle of compound interest.