3 ms·
Financially though we can be better off saving when we’re young so we can enjoy the fruits of compounding interest over a longer period. This could leave more m
by cudgy 4y ago
Financially though we can be better off saving when we’re young so we can enjoy the fruits of compounding interest over a longer period. This could leave more money to invest in one’s own business once we are older with more experience and contacts to leverage, resulting in higher success rate of ventures.
- doubled112 4y ago> enjoy the fruits of our interest I realize you probably don’t mean actual interest (more investments), but the concept of interest gains is hilarious to me at this point. A Canadian high interest savings account is paying out at 0.050% and only if you have $5000 or more in it.
- robswc 4y agoI can agree with that too. This is what I've done myself. I guess it comes down to preference.