Digest for April 2018

Summary

This month I produced almost no original content, but I shared a number of interesting content from elsewhere around the web, including an explanation of the power of compound interest (and why saving for a pension early is often more-important than saving lots), a curious poem, and a short film about what would happen if all the cautionary tales your parents told you were true. More are below.

All posts

Posts marked by an asterisk (*) are referenced by the summary above.

Reposts

Reposts marked with a dagger (†) include my comments or interpretation.

Compound interest and retirement

This article is a repost promoting content originally published elsewhere. See more things Dan's reposted.

Compound interest and retirement (datagenetics.com)

Bert put aside three and a half times as much money as Alf, but by delaying he has a smaller pension pot.

Spectacular example of why when saving (e.g. for a pension) it’s often more important to save early than it is to save lots. So get saving! Even with an understanding of compound interest, these numbers can surprise you.

The only time better than today would have been yesterday, and you already missed that boat.