There’s no simpler way to make money

JP Morgan Asset Management has released a thumping great 42-page “Guide to Retirement“, which is both interesting and valuable, but reads somewhat like every other document you ever got from a bank.

That said, it does have some very colorful and useful illustrations.

Including this one, which everyone, regardless of age, should stare at until it becomes part of thier very essence. It’s a chart showing the value of saving, saving early, saving for a long tme and, most importantly, not touching your savings at any point. It shows, in other words, the value of compounding. To understand how compounding works, you could read and digest the entire JPM document, or you could save yourself some time and check out this 90-second explainer.

JP Morgan