The most expensive financial mistake most people make is waiting. ⏳💰
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Most people think the key to getting rich is earning a lot of money. But one of the biggest advantages in investing has nothing to do with how much you make. It’s how early you start.
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Picture two people who each invest $100 a month in a simple S&P 500 index fund until they’re 65. One starts at 25. The other waits until 35. At long-term market returns, the person who started first can end up with roughly three times as much money. That extra decade only cost them $12,000 in contributions, but it could be worth hundreds of thousands of dollars by retirement.
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That’s the power of compound growth. Your money earns returns, and then those returns start earning returns of their own. The longer it has to grow, the faster it snowballs. The early years feel slow and boring, but they’re doing most of the heavy lifting.
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That’s why the wealthy are obsessed with time. They know every year they wait is growth they can never...