How to Use Compound Interest to Your Advantage

A great way to figure out how to plan ahead with your finances when you are younger is to ask someone older than you what they wish they would have done when they were younger (investing in Apple stock in 2001 when it was under $8 a share doesn’t count). The answer that I hear over and over again when I ask this question is, “I wish I would have started saving for retirement earlier.” In fact, a recent Scottrade survey published last year showed that only 30% of baby boomers started saving for retirement between the ages of 25 and 34.

You always hear parents say there will never be a perfect time financially for someone to be ready to have a child. The same thing applies with saving for retirement. You get out of school and have to pay off student loan debt. You might get married and then have to save for a house down payment. Then you have kids and they are expensive plus you have to start saving for college. It will never feel like you have the perfect opportunity to set aside part of your salary to save for retirement.

read on (source and credit)

https://awealthofcommonsense.com/2013/02/how-to-use-compound-interest-to-your-advantage-3/