The Story of Mr. Invest Now, Mr. Catch Up and Mr. Wait Longer

Updated: February 23, 2023

This is the story of three friends who were born on the same year.

Their names are Mr. Invest Now, Mr. Catch Up and Mr. Wait Longer.

On their 30th birthday, they went drinking in a bar.

Towards the end of the night, Mr. Invest Now said, “I want to start investing now. I’ll invest P20,000 every year until our 40th birthday. Do you want to join me?”

“Not now, I’ll invest and catch up with you later,” said Mr. Catch Up.

“Not now, I’ll wait a little longer, and invest when my salary’s higher,” said Mr. Wait Longer.

On their 34th birthday, the three friends met again at the same bar.

“I’m ready to invest,” announced Mr. Catch Up. “I’ll invest P20,000 every year but I won’t stop on our 40th birthday. I’ll invest until we’re 60!”

“Great to hear that! How about you?” Mr. Invest Now asked Mr. Wait Longer.

“Now now, I’ll wait a little longer, when I have more money,” answered Mr. Wait Longer.

On their 40th birthday, the three friends were in their favorite bar once more.

“This is my final year of investing! I’ll no longer invest starting next year,” announced Mr. Invest Now.

“I’m not stopping,” said Mr. Catch Up. “I’ll continue investing until we’re 60 years old.”

“Finally, I will start investing!” said Mr. Wait Longer. “And I will invest P50,000 every year until we’re 50 years old.”

On their 61st birthday, the three friends decided that they will go to Munich to attend the Octoberfest.

They took out their investments, which they all placed in the same mutual fund.

If the compounded annual growth rate of the investment is 10%, who do you think made the most money?

The tables below will show the answer.

Mr. Invest Now


Mr. Catch Up


Mr. Wait Longer


The Clear Winner


Time to answer a question…

Are you going to invest now, catch up later, or choose to wait longer?

This story is based on one of the topics discussed in the Practical Money Management Strategies seminar of the IMG Wealth Academy. Visit IMG Wealth Academy to attend this online seminar for FREE.


  1. Let me another name of their 4th friend, its Mr. Never Started. #justkidding

    Thanks for sharing this story Fitz πŸ™‚


  2. This is such an eye opener information for person like me who’s financial goal this year is to “make money work for you”.. πŸ™‚

    Thank you so much sir for sharing!

  3. @Bill
    Oo nga, dapat pala sinama ko si Mr. Never Started! Haha.

    You’re welcome. The key here is to start now, even a small amount will yield to huge profits in the long run.

    @delia p
    Yes they are registered with the SEC, you can verify here at

    Their registered name is International Marketing Group (IMG) Insurance Brokers Corp.

  4. I love how simple the story was told but full of sense. Thanks for this perfect reminder for many of us who are thinking of just catching up or to even wait longer. I’m definitely sharing this. πŸ™‚ Γ’β„’Β₯

  5. you know whoever shared this story its really interesting. My question now is where can i Invest if i want to make money.. please let me know where, what, and who will give me the answer..

    thank you and God bless.

  6. Is the 10% interest always assured? I know on most funds there is a best and worst case.

    If on the worst case will the value beat inflation? We all know that your 2M today might be only be worth 200k in 10 years.

    Why not invest in always appreciating asset like Land.

  7. The question is: WHERE or WHAT will you invest in? It would’ve been helpful if you gave options since, as a young professional who has recently joined the Pinoy workforce, we really don’t know what’s out there. Do we put money in stocks? Do trading? In the bank? Be a venture capitalist and put money in startups? How do we deal with stocks and trading? What’s the best kind of account to put money in (the bank)?

  8. For Mr. Invest – its good for him to start early and end early. However, did he enjoy his time during the time he was investing? Time and Money are 2 different things. You may have millions, but did you invest for time, experience, friends and family? I am currently 30 years old and I don’t even have P50,000 in my savings but when I checked my investments (time, experience, friend and family), I know I gain so much for a lifetime. I have traveled places that are now destroyed by calamities. I have experience things that I can only experience with agility (that comes with age). I have adventures that were shared with friends and family.

    In this case, I might chose to be Mr. Catch or even Mr. Wait longer, they might invested more money because they have started late. But I hope those times that they have not invested in money, were invested in time, experience, friends and family. Which are priceless I believe.

    What if Mr. Invest Now, died early? What happened to his investments?

    Just my 2 cents. No harm intended.

  9. I’LL go to mr. invest now,Y?bec.he juz not take a tym waste but to start investing early as he can to invest more as a savings on his own policy…

  10. Hi everyone.

    Here’s the thing… the 10% CAGR is actually an average rate.

    One of my favorite mutual funds, the Philequity Fund, currently has a compounded annual growth rate of 18.86% for the past 19 years.

    It’s NAVPS back in Jan 1995 was 1.10, and last Jan 2014, it’s NAVPS was 29.31.

    Where can you invest?

    If you want at least 10% growth, your best bet are Balanced Funds and Equity Funds – both in UITF and Mutual Fund companies.

    Also, by investing every year, you are doing the Cost Averaging Strategy.

    Thanks for the comments and for sharing this article.

    My next one will be a follow up on this.

  11. Whether you start now, later, or in the next few years, question is where should you start? Where to start? You should have a good plan and a backup plan together with it. It’s easier said than done. πŸ™‚

  12. Well, surprisingly, 10% interest rate for investments is very realistic because that is the average interest rates our clients earn with their investments in our company. And as a financial advisor, it is our job to help people learn their options in investing, income growth and how to reach financial goals. Would you rather put your money in the bank which can only offer .025% per annum for regular savings? If that’s the case, how can you cope up with the increasing prices of commodities and tuition fees every year. Our current inflation rate is at 3-5% per annum and average tuition fee increase is at 12.5% as per CHED Q4 2012 study. Think about that. We are here to help.

  13. Such a simple but great illustration. I go with Mr. Invest Now. Investing now doesn’t mean you invest all your money and sacrifice your tours/travels abroad or other things you want. The idea here is you allot some money for your regular investment which is ideally 30% of your gross income but not to neglect also your dream vacations or tours. You can do both.

    For those who want to invest now but don’t know where to invest then you can contact me at +639088761099. I’m a licensed Financial Advisor at your service.

  14. before i joined in this kind of investment. five years of continous investment, then as they said 5 years waiting, then on 10th year as promised i will receive money and pension……you know what happend? on the 10th year, the company delaclared “BANKRUPTCY”….so my investment totally lost…. and it was not only me who was VICTIMIZED but my WHOLE FAMILY

  15. Sorry for that bad experience Ed. That is why we need to see the company we are partnering first. Their track record, current status, total assets, total net worth, net income per year, etc.

    Don’t stop trusting. Numerous or uncountable benefited from these kinds of investment.

    Good luck on your next investments!

  16. There are 2 options, either you should sacrifice now and enjoy later OR enjoy now and suffer later! πŸ™‚

  17. how about the cost of money?
    this illustration is good if the economic situation is stable.
    the worth of the 20,000 before can be worth more than the 50,000 now

  18. If in the next 10 years that company doesnt close or merge with other companies and have new policies then it will be certain..until we crossed that bridge there still doubts..and there are trends to watch out..good to invest in investments that you have control,not the company,not the government.

  19. I can totally relate to Ed because I lost also my investments (educational, pension, memorial, etc) to a pre-need company 2 years ago.

    It pays to ask, listen and educate one’s self.

    I’m now a Financial Advisor and is willing to help especially on Investment Planning. So if you happen to be in Iloilo or Bacolod, just email me at [email protected].

  20. I am a believer in investing early so I did..Unfortunately just like the others I had lost hundred thousands because I’m FINANCIALLY ILLITERATE that time…so I decided to be well equipped and trained in investing my hard earned money before my retirement years( which will be after 8 years so I can’t afford to lose anymore )….now I am a LICENSED FINANCIAL ADVISOR /CONSULTANT and will be glad to share my kmowledge on where to put your hard earned money….you can contact me at 09208005177 / 09234210291….

  21. Wow, great article. Now I’m truly decided to Wait Longer. The value of my money is very important now and I must use it to its full potential.

  22. The numbers are actually true. The thing is, in every investment there is a risk. To limit that risk, we need to diversify. Don’t put all your golden eggs in one basket. You can put 30% in stocks, 30% in mutual fund and the 40% in asset which you had control like land or condominium.

    It’s also easier to invest if you have plenty of money to invest to. Try to find ways to earn like put up a business or do some sidelines. Educate yourself always because there is only 1 rule here. “Don’t lose money”

  23. The most important thing in life is to live at this moment , not the past and certainly not the future. However,I encourage everyone to invest early. You can enjoy your early life, family,friends,travels,lavish life while you are investing.

  24. You can invest sa AXA. Inquire kau sa metro bank kng wala kau makitang axa s lugar nyo…My 4,500 every 3mnts. Or 5taw every 3mnts..payable every 3-5yirs..meron dn po sa phil am life.inquire kau ng for investmnt..mas magnda n yan kc my kasma n clang insurance…i did invest sa axa

  25. The Case of Mr. Invest and Mr. Enjoy

    In a village one day, Mr. Invest saw Mr. Enjoy fishing at the lake. He noticed 3 big fishes caught by the fisherman. The former started a conversation

    Mr. INvest: How much time do you spend fishing, my fiend?
    Mr. Enjoy: Only for a while, sir.
    Mr. Invest: And what do you do with the rest of your time?
    Mr. Enjoy: I stroll with my wife, play with my kids, and sometimes sip wine with my friends
    Mr: Invest: I have invested so much in my education, now I have an MBA, I can teach you how you can maximize your talent in fishing and make you rich
    Mr: Enjoy: how long will it take me to do that sir?
    Mr. Invest: maybe 20-25 yrs. You should start investing now. i will teach you where to put your money. so you can buy a boat
    Mr. Enjoy: after that sir?
    Mr. Invest: when you already have a boat, you can fish more and sell your catch.
    mr. Enjoy: and after that sir?
    Mr. Invest: when you already have a big production, you can then export your products. Big profit!
    Mr Enjoy: after that sir?
    Mr. Invest: when you already have big profit, you can invest in mutual fund and stocks
    Mr.Enjoy: and after that sir:
    Mr. Invest: when you already have funds and stocks, you are already financially secured
    Mr. Enjoy: after that sir?
    Mr. Invest: after this, since you already are financially secured, you can go back to this village, stroll with your wife, play with your kids and sip wine with your friends.

    Lesson learned: Define what will make you happy. Dont wait 20 years to enjoy life.

  26. Hi leizz,

    I agree. You should define what will make you happy and you shouldn’t wait to enjoy life.

    Moreover, it’s wrong to believe that you cannot enjoy life if you choose to invest and secure your future.

    Investments are not just for long-term goals such as a comfortable retirement, but it can also be used for short-term and medium-term objectives such as taking your family on vacation next year, or being able to send your child to a good school.

    Investing and running a business will require time and effort, but it won’t and shouldn’t steal away so much of your time for your loved ones. This is where proper time management, productivity and work-life balance comes in.

    Lastly, it’s not a situation of “either/or” – this is a poor person’s mindset. It’s all about believing that life is abundant and it is possible to have both – to enjoy life today, and secure a comfortable future.

  27. Thank you very much sir Fitz for a very informative article (as always).
    If I may ask, when you say CAGR, like in Philequity, do they compound it for you or do you have to redeem and reinvest manually? How about those in UITFs? Thank you very much and more power

  28. Hi Nestor. The compounding happens intrinsically. It’s not something that Philequity or UITFs do and you don’t have to redeem and reinvest manually.

    The CAGR is just a number that gives you a numerical value to measure how much your investment has grown. It’s not a sure number, but nevertheless a good way to judge if an investment performed well or not.

    For example, if investment A was worth P100 two years ago and is now worth P144, while investment B was worth P200 three years ago and is now worth P328 – which one performed better?

    The answer is investment A because it’s CAGR is 20% compared to investment B, which is around 18% – this is one of the uses of CAGR.

  29. Mr.invest now start around 1985 dollar rate approximate at 20 to 1 us dollar… catch up later start 5 years later up to the present. Dollar rate at around 26 start up to now at 44. Mr. Wait longer start at 26 dollar rate up to 55 highest during year 2005….. Now here is the question..which one has the more returns in investment…. Its not about numbers …. Give me the answer

  30. As a parentless pharmacist and being the first child of the family, I am still investing on my younger siblings. I want them to have a brighter, more secure future which is very feasible considering their abilities, skills and courses. One is studying at a very good school in Baguio City taking up RT and the other is in the military academy. I’m 23 y/o btw. I’ll catch up investing after 3 years.

  31. I can see some commenters that are probably my age, 28-30, who are trying to justify why they can’t invest yet bec they want to enjoy life.

    I started saving and.investing just 2 years ago, and though im no longer able to eat out or travel as much as i used to, I still travel 2-3x a yr, eat out 2-3x a month, so i dont feel like im missing out. And the best part is i dont stress out about money in case i lose my job bec ive saved something.

    it’s all about priorities i guess. Right now i want to be financially secured so im willing to give up expensive resto meals. But my goal is to travel Europe in 5-7 years. I’ll only be 35 by then, but already a millionaire. πŸ™‚

  32. My 2 cents – invest in happiness.. it might be right that there are people who have invested a lot and have sacrificed themselves then died early and have never seen the fruits of their labor.. Happiness don’t need to be expensive.. just learn to be happy in simple things..

    But it’s also important to invest in the future.. but where to invest? I have invested in intangibles: like my health and relationships with people.. I have invested in knowledge to live a simple and self sufficient lifestyle so even if I have money, I will only need little of it… I’m still in the experimental stage but I foresee a good ROI.. ^_^

  33. rap it seems gala ka nga sa lifestyle mo kung 3 travels a year is nabawasan na, well depende din siguro sa hilig ng tao, ako kasi masaya na kahit 1 travel a year

  34. Leizzz- that story is familiar but if i remembered it right, the last comment came from Mr. Enjoy

    Mr. Invest: when you already have funds and stocks, you are already financially secured

    Mr. Enjoy: after that sir?

    Mr. Invest: after this, since you already are financially secured, you can go back to this village, stroll with your wife, play with your kids and sip wine with your friends.

    Mr Enjoy: What do you think I am doing right now? πŸ™‚

  35. And I agree sir Fitz, it is a matter of balance – enjoy life now and at the same time securing the future.

  36. hi everyone!

    i’m 24 y/o and wants to invest. but no knowledge (financial knowledge) on how to start investing. can anyone help me..

    i want to be well equipped and trained. can anyone send a link for me to read para mgka background po sana.

    thanks in advance! =)


  37. its better to start at early age, i know its hard for us to start specially when we are earning minimum wage and most of us pinoy is helping our sibling in their education. me im working almost 11 years but just last year starting saving for my self. I know its not too late the important is I start and by proper discipline time will come money will work for me. Always start small then try to follow the golden rule in investing 20% of salary will be paid for yourself.

  38. One word…..balance…. the article above doesn’t mean invest all of your money, actually it is said on other financial blogs that invest money which you wouldn’t need for 5 years or up. It is not sacrificing what makes you happy, it is about not overdoing it. Work or earn money for your present and future. Even the bible mention things about preparing for future.

  39. What if i have 500k invested in stocks (-15k currently), a vul and 100k savings. I don’t invest regularly anymore. I just left my money where they are now. Is that enough for retirement after 20 years?

  40. Fitz. every time that you repost this article I have the biggest grin on my face. If a young person starts early with a solid, high yield investments, compounding can truly be a miracle to watch. Mr Invest Now and his attitude should be on the team of all investors, especially the young folks starting out.

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