Investing $1,500 annually at 10% interest could result in $9,157 in 5 years, $23,906 in 10 years, $85,912 in 20 years, and $246,000 in 30 years.
"if instead of taking that $1,500 they put it in some sort of stock or investment fund for their kids that are 10% interest I did the math so you don't have to and after the first year you know they'd have their original $1,500 but then in year 5 that money if invested again each year the amount of $1,500 will be worth nine thousand one hundred fifty seven dollars after ten years it would be worth twenty three thousand nine hundred and six dollars year twenty it would be worth eighty five thousand nine hundred and twelve dollars and after 30 years of deferring Christmas presents it would be worth two hundred and forty six thousand dollars"
