The cost of starting three years late
Nobody decides not to invest. They decide to look into it properly next month, when work is quieter, once the bonus has landed, after the house is sorted. Each individual postponement is entirely reasonable and the aggregate is enormously expensive.
A twenty-year goal started three years late is a seventeen-year goal. The instalment required rises by considerably more than the three-twentieths the delay might suggest, because the years lost are the ones that would have compounded longest.
Arjun Kapoor
Financial planner
Arjun writes about retirement planning and the arithmetic of long-term saving. He has been a financial planner for eleven years and remains unconvinced by anything that promises certainty.
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