          
          
          
              HOW THE DOLLAR VALUE OF TIME HELPS DISCIPLINED
          INVESTORS
          
               Below are two individuals who have different
          attitudes toward investing.  The early investor chooses
          to begin investing $5,000 annually for retirement.  The
          late investor waits ten years before beginning a
          program.
          
                         Early Investor                Late Investor
          Age       Amount         Value               Amount         Value
          35        $5,000         $5,524                 0         0
          36        5,000          11,626                 0         0
          37        5,000          18,366                 0         0
          38        5,000          25,813                 0         0
          39        5,000          34,040                 0         0
          40        5,000          43,128                 0         0
          41        5,000          53,168                 0         0
          42        5,000          64,258                 0         0
          43        5,000          76,511                 0         0
          44        5,000          90,046                 0         0
          45            0          99,475              7,500           8,285
          46            0          109,891             7,500          17,438
          47            0          121,398             7,500          27,549
          48            0          134,111             7,500          38,719
          49            0          148,154             7,500          51,059
          50            0          163,667             7,500          64,691
          51            0          180,806             7,500          79,751
          52            0          199,738             7,500          96,387
          53            0          220,653             7,500         114,765
          54            0          243,759             7,500         135,068
          55            0          269,284             7,500         157,496
          56            0          297,481             7,500         182,274
          57            0          328,631             7,500         209,645
          58            0          363,043             7,500         239,883
          59            0          401,059             7,500         273,287
          60            0          443,055             7,500         310,190
          61            0          489,448             7,500         350,956
          62            0          540,700             7,500         395,991
          63            0          597,318             7,500         445,742
          64            0          659,865             7,500         500,702
          65            0          728,962             7,500         561,417
          
               The early investor contributed $107,500 less than the late
          investor, but outperformed the late investor by over $167,000. 
          Let time work to your benefit!
               There is also an insurance aspect here that is not shown by
          the pure numbers.  The early investor is protected should he
          become disabled or a bad economy limit his earning potential.  He
          already has his money doing the work for him.
          
          
