3 ms·
That's the value of a balanced budget. The value of saving is compound interest, whether in money market or stock dividends, or a brilliant startup (what if the
by Unseelie 16y ago
That's the value of a balanced budget. The value of saving is compound interest, whether in money market or stock dividends, or a brilliant startup (what if the startup you pounce on fails or only breaks even?). Saving early means you start in on the compound interest sooner, which means you get a longer timeframe on your exponential growth.
- Retric 16y agoIt's hard to keep a balanced budget that can still handle random expenses like a new transmission or even worse 2 months of unemployment without being in the habit of saving money.