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Start saving early from "summary" of The Only Investment Guide You'll Ever Need, Revised Edition by Andrew Tobias
The idea of beginning to save money as early as possible is one that cannot be emphasized enough. The reason is simple: the earlier you start saving, the more time your money has to grow through the power of compound interest. This means that even small amounts saved regularly can add up to significant sums over time. When you start saving early, you are taking advantage of the concept of compounding, which is essentially earning interest on your interest. This can greatly accelerate the growth of your savings over time. By starting to save early, you give your money more time to work for you, increasing the potential for substantial returns in the long run. Additional...Similar Posts
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