By Chris Stephenson

Inspired by Scott's blog Tax-Free Savings Accounts - the RRSP for the Facebook Generation?, I wanted to see what a 19 year old could accomplish with some discipline. Quite a lot, I found.

For instance, a 19 year old who starts socking away $5,000/year in an equity-oriented portfolio that averages an annual compound return of 8% will find him/herself sitting on a portfolio worth over $1.5 million before their 60th birthday.

For all you fellow Facebookers, I just hope that the increased opportunity for leisure that comes with a larger portfolio doesn't translate into hourly 'status updates'.