I came across this interesting cartoon slideshow illustrating how beneficial it is to start saving early and letting compounding interest do its magic.
The slideshow comes from Vanguard, a personal investor group that specializes in mutual funds, IRAs, and other crap like that. Keeping in mind that saving for later by investing in these things is exactly what they are trying to ‘sell you’, it still offers a good representation of how it all works.
It might also help to explain how something like this is possible in a good financial climate with a sweet IRA.
And for anyone else who prefers to stick to the tried and true, ‘cash under the mattress’ technique, here’s a video of a monkey hosting a talk show where he touches the guest’s boobs. Finance can be so cool sometimes.
Vanguard: The Power of Compounding