How teens can become millionaires?

How teens can become millionaires?

It's written by Dave at DaveRamsey.com, it's called “How Teens Can Become Millionaires“, and the basic summary is this: Ben invests $2,000 per year between the ages of 19 and 26. Arthur invests $2,000 per year from the age of 27 until he retires at 65. Both guys earn a 12% return on their money.

Why is teenage money important?

It is important that teenagers recognise the value of money and understand that it is not an unlimited resource. Giving them the freedom to manage their own budget will teach them valuable lessons about: only spending what they can afford, and. avoiding the pitfalls of unplanned expenses.