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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

What Happens If You Invest $27.40 A Day For 40 Years Starting In Your 20s? Money Expert Reveals Jaw-Dropping Results

David Bach emphasises on power of compounding interest over time. (Credit: David Bach Official Website)

Rising living costs, high inflation and insurance premiums, and an uptick in unemployment are stretching household finances of millions of Americans. While many are trapped in credit card debt cycles and unending mortgage payments, others are still finding it difficult to manage their spending habits.

At a time when finances are squeezed amid relatively meagre wage growth, New York Times bestselling author David Bach believes that you only need to start investing $27.40 a day in your early 20s to become a multi-millionaire by the age of 60.

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