If you want to get a bird’s eye view of how hard your money works, spend a few minutes reviewing my piece Rich Grandchild, Poor Grandchild. When you start saving early, good things can happen. It’s probably why you’re able to invest today for the retirement you deserve.
Accumulating money is work. Literally. You get up every day and do it. You go to work and save ‘til it hurts. Investing money in retirement is a different kind of work. You get up every day and wonder what it’s done for you lately. The reason Your Survival Guy recommends living below your means is because it gives your money a longer life span.
Giving money a longer life—the gift of time—is an act of love. There is no other miracle more powerful than harnessing the power of time to compound your money. A simple concept, but hard to do.
Action Line: With yields like these you can see how the power of compounding is right in front of you. When you want to talk about harnessing the power of compounding, I’m here.
Click to enlarge.
Originally posted on Your Survival Guy.
