RM> putting some spare cash into investments. I've always told people
RM> who wonder how I managed to get by that the trick is to start early,
RM> and then you have money working for you making more money..

DW>It is truely amazing how much a small amount of money (like $10) per paycheck
  >n add up over the years.  And if you can put it into an investment that avera
  > over the tiny amount that banks pay for interest, so much the better.

Yes, they always talked about the power of compound interest.

The main thing about starting young is that, as you get a little
older and have higher living and family costs, you may not be
able to continue putting money away.. But if you leave the early
investments there making money, it grows and adds more money into
those funds all the time without you doing anything.

The hard part is avoiding the temptation to spend it on something
in later years.

I was a bit of a fanatic about that. I often would borrow money
and pay interest on it rather than touch the invested funds.
I did everything I could to keep the interest rate on my Line
of Credit low so I was usually making a higher rate on my
investments than I was paying on the money I borrowed so there
was still a little profit in that situation.

i.e.. Right now if I needed money I could borrow it on my LOC
at about 6.5% but my investments this past year have mostly
payed on average something over 12%..

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 * SLMR Rob  * 'Ward.. You were a little hard on the beaver last night'.
 * Origin: Capitol City Online (618:250/1)