The Time Value of Money – What is it and can I improve my chances?

Have you ever heard of the phrase, the time value of money?

If not, you might be asking, what does the Time Value of Money mean? It is the concept that money available at the present time is worth more than the identical sum in the future due to its potential earning capacity. This core principle of finance holds that provided money can earn interest, any amount of money is worth more the sooner it is received.

For example, did you know if you started saving $2,000 a year from the ages of 21 to 30 and then stopped, you’d have more money than if you start at the age of 30 and saved all the way until you retired at 65? This is what we mean by the time value of money.

This may seem overwhelming if you’re not between the ages of 21 to 30 and also have not begun investing. Don’t worry, wealth planning doesn’t have to be overwhelming. We’ll help you clarify your individual goals and help you decide the best way to achieve them.

The benefits of a well thought out financial plan are numerous.

A well-designed financial plan will help you find investment strategies and vehicles that are suited to your personal planning goals and your personality.

In this season of life are you focused on wealth accumulation or generating income?
Do you understand the investment alternatives available to you?
Are you getting the return you expect based on the risk you assume?

We can help you figure this out!