Ready to get more facts, and avoid the Million Dollar Mistake? Call Us!

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Ready to get more facts, and avoid the Million Dollar Mistake? Call Us!
Often college graduates start their careers and make more money than they need for 
regular spending. This excess is often used to pay off student loans as soon as possible, or 
it may be put into savings for a car or downpayment on a house. But, beginning to invest 
while also paying off or acquiring new debt may be a better choice. Here’s why:
A young couple starts to contribute 10% of their income into an investment plan right away. They save 
for nearly 35 years and contribute over $600,000, but at age 60 their savings will have grown to over $2.5 
million!
A different young couple starts saving on day one. However they get sidetracked by college expenses and 
their desire to buy a vacation home at the beach. This couple saves the same amount as our first couple for 
the first 15 years, then they stop saving. Their total savings will be just over $200,000 and by age 60 they will 
have approximately $1.8 million dollars in savings. So they are $1.0 million dollars behind our first couple, 
as well. BUT, they are still in better shape than the following couple because at least their early savings will 
continue to compound.
A third couple decides to wait to save until their student loans are paid off, and after purchasing new vehicles 
and a house. Once they begin investing, this couple may save the same amount of money each year, but they 
don’t start until age 40. They ultimately save $446,000, but their cumulative savings at age 60 is just over a 
$1.0 million dollars. This means they saved two-thirds of the same amount as our first couple, but have less 
than half of Couple #1’s total savings.
The third couple had good intentions, but made a million dollar mistake! You cannot make up for the lost 
time that leads to increased compounding of your savings. You must start saving as soon as you can.
$2,823, 097 – 10% investment for 35 years
$1,833,560 – 10% investment for first 15 years 
No investment for last 20 years
$1,067,962 – No investment for first 15 years 
10% investment for last 20 years
Based on 10% investment of $100,000 annual household 
income, factoring 3% inflation, 8% investment growth, and 
35 years of investment
How young professionals can avoid the
MILLION DOLLAR MISTAKE
Questions? [phone] 
1020 Cleveland Ave., Ashland, OH 44805 
Visit Us Online: 
www.Whitcomb.com
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