Education Dive – Danielle Robinson
I was lucky. High school students in Michigan are required to take one semester of economics before graduation but, in my high school economics class, our teacher Mr. Mariage also included a dose of personal finance education. He taught us about compound interest and Roth IRAs. He had us calculate the time-value of maxing out annual Roth contributions. His point was that by doing this, we could become millionaires by retirement age and the lesson stuck. I opened a Roth IRA with my first paychecks, before I had even graduated from college. I’ve maxed it out every year since and now have a head start on retirement that gives me a great sense of security and freedom. (more)