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Especially if you're young! Just regularly saving a small amount of your earnings and regularly putting it into a broad-based, low-cost index fund can make a hu
by pinky1417 8y ago
Especially if you're young! Just regularly saving a small amount of your earnings and regularly putting it into a broad-based, low-cost index fund can make a huge difference in your wealth over time. Compound interest for the win.
- refurb 8y agoThis is really true. I can remember being in my 20's and thinking "I've saved $10K. Big deal". But what I've noticed is with slow, steady investing is that it really snowballs. It's not long before you look at your returns and notice that you made more from your investments that year than you did your salary.