Start saving early – Canada Life

Starting early is a great way to reach your long-term investment goals with the help of compound interest.

 


View the video transcript

 

Narrator: Want to achieve your financial goals faster?

Description: A trowel scoops a seed into a pile of dirt. The frame splits in half. The left side shows saving $500/month at age 25. The right side is later, $1000/month at age 45.

Narrator: Then why not start saving money today.

Description: A watering can is lifted and waters the seed. The trowel covers the seed.

Narrator: Because, the sooner you start putting it away.

Description: A calendar enters the frame, with the same amount invested on the first day of each month.

Narrator: The sooner your money can grow.

Description: The split frame with the two seeds returns. On the left side a tree starts to grow as the age increases from 25 to 45. A legal line appears: “$500 invested on the first day of every month over 40 years. 6% annual rate of return, compounded monthly. Segregated fund and/or mutual fund fees will lower your rate of return.”

Narrator: thanks to earnings that can compound over time.

Description: A tree also starts to grow on the right side at age 45. Both sides finish growing at age 65. A legal line appears: “$1000 invested on the first day of every month over 20 years. 6% annual rate of return, compounded monthly. Segregated fund and/or mutual fund fees will lower your rate of return.”

Narrator: Before you know it, you’ll be closer to achieving your goals, than if you’d waited.

Description: The tree on the left side is bountiful, saving $1,000,724. The tree on the right is much smaller, saving $464,351.

Narrator: Save early, save often.

Description: The tree on the right moves out of frame. Text “Save early, save often” appears.

Narrator: Learn more at canadalife.com.

Description: Frame fades to reveal “Learn more at canadalife.com” with Canada Life logo and legal line: Canada Life and design are trademarks of The Canada Life Assurance Company.

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