The power of compounding ~ Get Rich Slowly - Deepstash

Bite‑sized knowledge

to upgrade

your career

Ideas from books, articles & podcasts.

published 4 ideas

The power of compounding ~ Get Rich Slowly

getrichslowly.org

Financial Success: Start Early

Financial success is dependent on good habits practised over a long period of time.

You can still have a positive impact on your financial future if you're starting later in life, but you will then have a lot of work to do. This is due to the magic of compounding, that can...

4

STASHED IN:

273

At first glance, compounding does not look remarkable. However, looking at compounding in action, you will notice a few things.

Consider, for example, investing in stocks at an average real return of 6.8%. (It is inflation-adjusted.) During the first few years, compounding doesn't real...

2

STASHED IN:

253

Your investment returns are less important than your investment contributions. That is to say, how much you invest matters more than where you invest.

The more you contribute, the more there is to compound.

2

STASHED IN:

230

  • Start early. The sooner you start, the more time compounding can work in your favour and the wealthier you can become. Next to starting early is starting now.
  • Stay disciplined. Make regular contributions to your savings and retirement accounts. Try...

3

STASHED IN:

266

0 Comments

Discover and save more ideas by creating a

FREE

Deepstash account.

Develop a

reading habit

, save

time

and create an amazing

knowledge library

.

GET THE APP: