Start investing early from "summary" of The Automatic Millionaire Workbook by David Bach
Investing early is crucial if you want to become an automatic millionaire. The earlier you start investing, the more time your money has to grow. This is due to the power of compound interest. Compound interest is the concept of earning interest on your interest. It allows your money to grow exponentially over time. When you start investing early, you give your money more time to compound. Even if you can only afford to invest a small amount each month, the power of compound interest can turn that small amount into a significant sum over time. This is why it's important to start investing as early as possible, even if you can only afford to invest a little bit at a time. By starting e...
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