Suze Orman: Why you should start investing in your 20s (via CNBCMakeIt)
"The key to your financial freedom in the future is investing when you are young," Suze Orman, personal finance expert and best-selling author of "Women & Money," tells CNBC Make It.
Orman gives the example of a 25-year-old who invests $100 a month in a Roth IRA for 40 years and earns a 12% average annual return. When that person retires at age 65, their investment will be worth just over $1 million. "How much would you have to be investing later on to make up for that?" she says."Hundreds and hundreds and hundreds of dollars a month."
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