In their 20s, Air Force officers Quinn and Brittney Sturgis amassed close to $500,000 in savings by investing nearly a quarter of their income.
Investing early and consistently pays offQuinn learned early on how starting young allows investments to grow exponentially.
That lesson introduced him to the concept of compound interest — earning returns on both your original investment and the growth it generates over time.
"A big takeaway from our story is the power of compound interest," Quinn says.
Investing $50 a month in your 20s would grow to $132,006 over 40 years at a 7% annual return, according to CNBC Make It's compound interest calculator.
Persons:
Quinn, Brittney Sturgis, Roth, Theo, —, Brittney, Quinn Sturgis, Kevin Heinz
Organizations:
Air Force, Travis Air Force Base, CNBC, Reserve, Corps, Medical Service
Locations:
California