Growing Your Wealth: The Power of Compound Growth in Building a Financial Future
How Your Money Grows Compounded Over Time
Most million-dollar-plus portfolios start growing slowly -- and then wild things happen. I want to blow your mind with this article. But if I can just inspire you to commit to building a fat nest egg for retirement -- while believing you can actually do it -- that will be just fine, too.
How money grows: the early years
When you decide to invest in stocks for the long term, the early years are not very exciting. That's a problem, because it's easy to lose interest -- especially if you start just before the market takes a breather or, worse, pulls back.
How money grows: the middle years
Let's return to our unfolding example of how money grows. You're still investing $12,000 annually, and time has gone by. Eventually, you'll get to the middle years of your investing marathon.
How money grows: the crazy years
There's a good chance you weren't lucky or savvy enough to start investing in your 20s, so you may not be able to save and invest for 50 years. Even if you only have 30 or 40 years in which to grow your money, you can still work wonders.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.