Plan for retirement as early as possible from "summary" of MONEY Master the Game by Tony Robbins
The idea of preparing for retirement sooner rather than later is one that cannot be emphasized enough. Time is a critical factor when it comes to building a nest egg that will sustain you during your golden years. The earlier you start, the more time your money has to grow through the power of compound interest. This concept may seem simple, but its implications are profound. By starting to save for retirement early, you give yourself the gift of time. Time is your best friend when it comes to investing because it allows your money to work for you. Compound interest is like a snowball rolling down a hill - the longer it rolls, the bigger it gets. Starting early also means you can take advantage of higher-risk, higher-reward investments that have the potential for greater returns ove...Similar Posts
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