High Cost of Waiting
The main reason people wait to invest
What is procrastination?
Equifax, Experian, and TransUnion are three credit bureaus that you can use to get this for free annually
What is a credit report?
You lose this if you wait to invest
What is money?
This is the number that creditors use to determine how well you pay your credit payments on time. It also affects whether you can get credit and what interest rate you pay for credit cards, auto loans, mortgages and other kinds of credit.
What is a credit score?
The addition of interest to the principal sum of a loan or deposit
What is compound interest?
Expressed as a percentage of the investment’s cost, this rate is the gain or loss on an investment over a specified time period.
What is a rate of return?
The best age to start investing
What is 25 years old?
More than half of millennials owe more in this than they currently have in savings.
What is debt?
The age that you start collecting social security
What is 65 years old or retirement age?
This value is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest.
What is compound interest?