The Importance of Saving Money EARLY!!

The Importance of Saving Money EARLY!! In this video, I use an annuity due and show how important it is to start saving early in life. Many people are going to find themselves painfully broke when they are over 60 years old! Let's try to not be one of those people! : )
Note: I am in NO WAY endorsing an annuity due as a preferred method of investment. The TIME factor is important for any long term method of investing and this is what I am interested in showing.

Category:

Education

Tags:

• annuity
• due
• annuities
• savings
• bank
• interest
• importance
• save
• money
• early
• finance

[anticorncob6]

CAN YOU PLEASE GIVE US A MATH DEBATE THING AGAIN LIKE YOU DID WITH 48/2(9+3)?

[patrickJMT]

@anticorncob6 maybe, i get tired of reading comments from all the trolls though

[deeppurple28]

@patrickJMT You are doing a good service for the public, its just sad that these videos don't have More views!

[patrickJMT]

@deeppurple28 ah well, the video has only been up for a couple of days. a couple of thousand of views is not bad i think! (for a math video, at least!)

[HRRyan2]

except interest rates are nowhere NEAR 5% per annum.

[patrickJMT]

@HRRyan2 dow jones has average return of abot 10.8% since 1930. and once again, read the comments in the video. i picked an interest rate at random.

[FreddoX1]

Math with which you can apply to useful stuff! Finally!

[MetaIhead89]

@patrickJMT no I didnt lol. Where can I find out its price?

[Maxdwolf]

There's a cute xkcd on compound interest he did in the last few days.

[HRRyan2]

@patrickJMT Haha, I mean savings accounts. And I'm not so sure the Dow is the best example to use for POSITIVE growth nowadays. Good video either way =P

[PostalTubeAlex]

@HRRyan2 My bank account in Australia returns 6.3%.

[PianoScience]

Not only are a great math teacher, but also a financial advisor. Math Powerr!

[GrammatonCleric24]

You helped me 4 years ago in my math class.

Now you're helping me in life!

YOU'RE SO USEFUL!!! :D