The beauty of compounding

Your 20s are an amazing time to set yourself up financially because of a beautiful thing called compounding.

Compounding is when an investment continually grows by a certain percent, and the more time that passess the greater the absolute returns will be.

So to maximise returns through compounding, you should start investing as early as you can.

To illustrate, let’s say you are 20 years old and have $10,000 in your bank account. You can choose to leave it in the account where it doesn’t earn any interest. Or you can invest it at an annual rate of 5%.

If you invest the full amount at 20, then when you’re 50 this will have grown to $43,219.

If you wait until you’re 25 to invest, then by 50 the investment is only $33,864.

And if you wait until you’re 30 to invest, then by 50 the investment is only $26,533.

I appreciate that having savings in your 20s is challenging, but it’s great to have a mindset to invest as early as you can – your future self will thank you.

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Ben and Bec have taken me through the QLA Framework over the past 12 months. They have a unique understanding of what twenty-somethings are seeking - clarity, purpose and systems to achieve what they want in life (to name a few). It is with sobering gratitude that I can reflect on the past year and say wholeheartedly that I've managed to gain all of the above with QLA’s help.

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Quarter Life Academy not only enabled me to gain clarity in what I want for myself now and in the future, but also empowered me and grounded me with a confidence that I can achieve all I set out to do. Ben not only provides his insights and thought provoking questions, but he is supportive and encouraging the whole way through. The structure was comprehensive and thorough and I felt inspired to lead the career journey with Ben's caring and considered guidance. For anyone who wishes to elevate their lives beyond where they’re currently at, I recommend the Quarter Life Academy wholeheartedly.

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