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<blockquote data-quote="jester47" data-source="post: 2026152" data-attributes="member: 2238">Subscribe to dungeon.Save the rest and invest it.&nbsp; If you are 20, $300 a month will make a nice nest egg come your 40th birthday.&nbsp; At your 60th birthday you will be able to retire.&nbsp; I put away at least a twice that, but I am fortunate and plan on taking over the world with my progeny.&nbsp; If you can, start saving for your children and your granchildren before they are born.&nbsp; Think about it, your grandchildren are at least 20 years away.&nbsp; If you saved even $100 a month for those twenty years with compound interest you would have put in 24000, but due to compound interest you would have @ $67000.&nbsp; That might pay for college.&nbsp; And it only cost you 24k.&nbsp; $300 a month over 20 years is @ 200,000.&nbsp; Over 30, $100 a month is @ $180,000, $300 a month is @ $550,000.2 Words:&nbsp; Compound Interest.&nbsp; (at least last time I checked).In any case, like all advice that could ruin your life, check with a professional first.&nbsp; In this case they are called financial planners.&nbsp;&nbsp; Aaron.</blockquote>

[QUOTE="jester47, post: 2026152, member: 2238"] Subscribe to dungeon. Save the rest and invest it. If you are 20, $300 a month will make a nice nest egg come your 40th birthday. At your 60th birthday you will be able to retire. I put away at least a twice that, but I am fortunate and plan on taking over the world with my progeny. If you can, start saving for your children and your granchildren before they are born. Think about it, your grandchildren are at least 20 years away. If you saved even $100 a month for those twenty years with compound interest you would have put in 24000, but due to compound interest you would have @ $67000. That might pay for college. And it only cost you 24k. $300 a month over 20 years is @ 200,000. Over 30, $100 a month is @ $180,000, $300 a month is @ $550,000. 2 Words: Compound Interest. (at least last time I checked). In any case, like all advice that could ruin your life, check with a professional first. In this case they are called financial planners. Aaron. [/QUOTE]

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