1 / 8

MATT AND CHUCK

MATT AND CHUCK. The tale of two guys and the power of compounding interest!. 18 YEARS OLD!. Matt and Chuck just finished high school! It looks like they are in very good shape because their dad’s are hooking them up! Matt’s dad is giving him $20,000 to put in a savings account

garrison-santana
Télécharger la présentation

MATT AND CHUCK

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. MATT AND CHUCK The tale of two guys and the power of compounding interest!

  2. 18 YEARS OLD! • Matt and Chuck just finished high school! • It looks like they are in very good shape because their dad’s are hooking them up! • Matt’s dad is giving him $20,000 to put in a savings account • Chuck’s dad is giving him $20,000 to invest in mutual funds. • Matt’s situation is even better! His dad is going to put another $20,000 in EACH and EVERY year until he retires! • Who would you rather be?

  3. 10 Year Reunion • Matt and Chuck compare notes! Matt’s savings account is now worth $201,723. Chuck’s investment has grown to $51,875. • Chuck is still feeling cheated! At least he had fun at the reunion! 

  4. 20 Year Reunion • Once again, Matt and Chuck have an opportunity to catch up and compare notes! • Matt’s savings account is now worth a whopping $408,466. • Chuck’s investment is now worth $134,550! • He’s still way behind!

  5. 30 year reunion • Wow! It’s been 30 years! How time flies! • Matt and Chuck are reunited once again! • Although it seemed unnecessary, Matt and Chuck compared notes. • Matt’s savings account is now worth $618,922. Chuck’s initial $20,000 is now worth $348,988. • Chuck is still behind!

  6. 40 Year Reunion?Retirement? • Don’t worry, there wasn’t a 40 year reunion! • But when it was time for retirement at the age of 65 Chuck did give Matt a call. • They ended up talking about their graduation gifts. • After 47 years what were each of them worth?

  7. Matt? • Matt’s savings account is now worth $986,492. • All of this came out of his father’s pocket, year after year.

  8. What about Chuck? • His dad gave him the initial $20,000 and never put another penny in the account. • What is this investment worth after 47 years? • Chuck’s investment is now worth an amazing $1,763,950! • WOW!

More Related