Invest in retirement early for compounding growth from "summary" of The Total Money Makeover: Classic Edition by Dave Ramsey
Investing in retirement early is crucial for building wealth over time. The power of compounding growth cannot be underestimated. When you invest money in a retirement account, the money doesn't just sit there - it works for you, earning interest and growing over time. This means that the earlier you start investing, the more time your money has to grow. For example, let's say you start investing $100 a month in a retirement account at age 25. By the time you reach age 65, you could have over $600,000 saved up - all from that initial $100 a month investment. On the other hand, if you wait until age 35...
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