Appreciate the power of compounding
If you don’t already appreciate the power of compounding, consider this: Sock $10,000 away each year for 20 years and if it grows by 10% each year, you’ll end up with about $494,000. If it grows for 21 years, it will total more than $544,000! That’s a difference of more than $50,000, showing how powerfully money can grow when given a lot of time to do so. Start saving and investing as early as possible, and aggressively, too, as your most powerful dollars are your ones invested earliest.