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Show How Interest Increases. Few people step to realize the enor- i mOua earning powc. .of interest, and it is those few who become wealthy and remain so. If a young man 18 years old should begin to save one dollar per month, and put it at, interest at 4 per cent, when he reached the age of 50, he i would have $24,077.37, , and could, etire on a yearly income, of $963.08. If he got 6 per cent interest, .he. would have $34,-801.68, $34,-801.68, and could retire on a yearly income in-come of $2,088.06. The 6 per cent man would have more,t,han double the income in-come of the 4 per, cent man. How few there are who could not save one dollar i per month, and yet how few there are who at 50 years of age are worth $34,000. It is small at. first, but grows like a rolling snowball. Money invested through McGurrin & Co., Salt Lake I City, earns 6 per cent interest, compounded com-pounded semi-annually. Each per- i son's money is separately secured by j . first mortgage, on real estate, and isi not I " mixed in with the Dusiness of anyone else. |
