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Financial Success: Start Early

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 help you create an impressive wealth snowball.

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

  • 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...

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

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