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it all depends on timing, ie the investment phase... If you are in your early 20s than yes every penny invested counts more given a 40 year plan to invest for
by fredgrott 8y ago
it all depends on timing, ie the investment phase...
If you are in your early 20s than yes every penny invested counts more given a 40 year plan to invest for retirement as the interest compounded adds up.
However, those at the end of their retirement investment plan say in the last ten years its a different story where $5 a day will not matter much in terms of increasing investment funds for retirement.
- esotericn 8y agoIt'll matter if it does, and not if it doesn't. It's really simple. If you don't spend $5 now and you even get close to matching inflation that's a few dollars you will have in retirement. Most people seem to miss the point entirely on this and go off on some sort of weird tangent into calculation of exponential returns or whatever. The simple fact is that when you no longer have a job, having money is useful.