Monday, January 21, 2008

NPR : Resolving to Retire with a Nest Egg

NPR : Resolving to Retire with a Nest Egg:
"The money you save in your 20s and 30s will give you a tremendous return compared with what you scramble to save when retirement is just around the corner. Steve Mariotti, the founder and president of the National Foundation for Teaching Entrepreneurship, sees the mathematical forces at work as key — not just for retirement but for teaching people to rise out of poverty.

'I think one of the most important things that you can teach a young person is the power of compound interest,' Mariotti said. Albert Einstein agreed when he called compound interest one the greatest wonders of the universe."

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