Abstract
In this paper we discuss the details of a dollar-a-day investment plan that professors can use when teaching a course in finance or economics. The goal is to explain the power of compounding and to illustrate the opportunity cost of procrastination. Our hope is that the narrative and examples will not only help students to understand these concepts but also motivate them to begin a modest investment regimen while in college. We also use the Shiller dataset to find an optimal look-back period that can be applied to making projections for the size of future retirement nest eggs.
Recommended Citation
(2026)
"Help Your Students Realize Their Retirement Dreams by Quantifying the Cost of Procrastination,"
Journal of Economics and Finance Education: Vol. 13:
Iss.
1, Article 6.
Available at:
https://scholarship.rollins.edu/jefe/vol13/iss1/6
