Eric Today: Hey Eric! I want to talk to you about something very important. It’s something I wish I knew when I was your age.
Young Eric: What’s that?
Eric Today: I want to talk to you about the stock market.
Young Eric: OK. What’s that?
Eric Today: The stock market is a place where you can invest in real companies and participate in their success. If the company makes a profit, you share in their success. For example…,in 1975, eight years after you were born, we could have purchased $1000 worth of Walmart.
Young Eric: Really?
Eric Today: Do you know how much that investment would be worth today?
Young Eric: How much?
Eric Today: Close to $10 million.
Young Eric: WHAT?!?! That’s incredible!!! How?
Eric Today: It.s called compound interest, and it works wonders over time. Each year, your money continues to grow from a bigger and bigger amount.
Young Eric: Wow!!! OK…when can I start investing?
Eric Today: Now! Save up $500, and then come see me so I can help you get started.
Young Eric: I most definitely will! Thanks so much for sharing this information!!!