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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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The Power of Compounding
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...
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The Importance Of Saving
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.
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Make Compounding Work For You
- 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...
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Financial Tensions In A Relationship
- Most couples have disagreements and difference of opinion with matters related to money, due to many factors.
- We live in a society where attaining financial security is a huge challenge, whereas financial success is placed on a high pedestal.
- Marriage has traditionally bee...
Attain financial independence earlier than later
In order to feel less stressed about your expenses, start doing the research on how to achieve financial independence now.
It will save you a lot of frustration that might emerge due to work while also making you feel more satisfied with your own life.
A Small Step For Us, A Giant Leap For Friendship
If we take small leaps on a regular basis, we can kick start a compounding effect where each new friend can push other acquaintances who are highly-qualified friend candidates, as they already have good references.
The small risk of asking to do something carries with it an aversi...
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