Start investing early to build wealth from "summary" of Rich Dad Poor Dad for Teens by Robert T. Kiyosaki
The concept of starting to invest early to build wealth is like planting a tree. When you plant a tree, it takes time for it to grow and bear fruit. The same is true with investing. The earlier you start, the more time your investments have to grow and compound. By investing early, you are giving your money time to work for you. This means that even small investments can turn into large sums over time. This is because of the power of compound interest, which allows your money to grow exponentially. Imagine you invest $1000 at a 10% annual return. After the first year, you would have $1100. In the second year, you would earn 10% on $1100, giving...
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