[Doe Eyes]

A person, age 20, who starts work at minimum wage and works minimum wage for their entire life – never gets a single promotion – can invest in government bonds alone and retire making more money than he ever made before.

Investing how much, retiring at what age?

[FreeKeys]

Understanding Compound Interest
     (NOTE:  I am not involved in any investment offerings made or religions extolled in this section; I just like their comments on compound interest.  And yes, one can be kind, benevolent and successful without being a mystic.  More likely, in fact.):

 

WANT TO BE A MILLIONAIRE?  by Selena Maranjian

....................

( based on The Motley Fool Investment Guide for Teens : 8 Steps to Having More Money Than Your Parents Ever Dreamed Of )

Time Really Is Money

The Power of Compounding

How to become rich by Dr. Walter Williams

How to be a Millionaire through COMPOUNDING

Tapping the Power of Compound Interest by Stephen Moore

A Nation of Millionaires by Robert J. Genetski

 
Rich Man / Poor Man by Richard Russell

The Magic of Compounding by Harpreet Sandhu

Calculating the time required to use compound interest to accumulate a specific amount

 
How much money will I will have in 29 years if I save $120 per month at 15 percent annual interest?

Calculating the regular monthly saving required to accumulate a specific amount over a specific amount of time


  

Credit Card facts

Cardweb - low-interest credit cards

Credit Card Goodies

Investment Multiplier

Managing Interest Rates

Compound Interest Calculators

Compound Interest in Bank Accounts

How PAYING Compound Interest can destroy you

How much have you been losing in your retirement plan?

Compound Interest Rate Calculation...Southland Funding

What is compound interest? What is continuous compounding?

The formula(s) for calculating interest compounded annually, daily, and continuously

There is a famous "Rule of 70" for compound interest. What is it and why does it work?

Savings, Retirement and other Calculator Software

[CHARLITE]

I sent your question to my friend, James Atticus Bowden about your article, and here is his reply:

"If you make minimum wage $6.25 -- whatever it is - and pay social security on that minimum wage 6.25% for 40 years and the money is invested in government bonds that produce 5% interest (although I think they are up to seven). At the end of 40 years your next egg will be enough ($200k? I don't have the numbers in front of me) to pay you more than 6.25 x 40 hours x 4 wks = one month retirement for as long as you live and the principal can be passed on to your kids. It is the miracle of compound interest. 6.25% savings of minimum wage for 40 years invested at 5% a year = more than minimum wage in retirement forever.

Hope this helps."
James Atticus Bowden
Isaiah 59:21