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Start investing early to take advantage of compounding from "summary" of Investing Basics for Beginners by Razaq Adekunle
Investing early is a crucial aspect of building wealth in the long term. The power of compounding allows your money to grow over time, thanks to the reinvestment of your earnings. By starting to invest early, you give your investments more time to compound, leading to significant growth over the years. When you invest early, you are able to take advantage of the exponential growth that comes with compounding. As your investments earn returns, those returns are reinvested, leading to a snowball effect that accelerates your wealth accumulation. The longer your money stays invested, the more it can benefit from compounding. By delaying your investment decisio...
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