1 Retirement Savings Hack That Has Created Many Millionaires, and Will Continue to Make More
The earlier you start investing for retirement, the easier it is to build a substantial nest egg for it. There's one simple reason why that works: compounding. The sooner you start, the more time compounding will be able to work on your behalf.
With enough time, in fact, compounding can drive more of your returns than the amount of money you're able to sock away. It's thanks to its incredible power that even people of modest means can end up millionaires in retirement if they're able to start saving early enough.
Indeed, thanks to that outstanding ability to generate wealth over time, compounding is the one retirement savings hack that has created many millionaires and will continue to make more.
Source Fool.com
