Reply to this classmate on the discussion board with 100 words

I can't say i've ever used TVM to support a financial decision directly. Over the years buying houses, cars and other wants, the decisions were based on payments and not overall cost. I see now how these decisions can be calculated to make better sound choices.

I can say that starting my 401K late has put me into a position to dump the max we can afford in per year, severely affecting the cash flow. Based on the calculations and assuming the rate of return will stay consistent, I should be sitting pretty good by the time the i'm ready to retire. Trying to get as much money into investments early will allow for a much higher compounding effect. I wish when I was younger I could've afforded to invest more and wouldnt be trying to play catch up now. On the other hand, my son is young and getting started much earlier than I. He should not have to struggle later in life trying to get caught up reducing cash flow and be able to enjoy retirement before getting too old. I see another 10-15 years and I may get there.