The secret to building wealth for retirement is a simple truth --some may even call it a "hack." You need your money to work for you, not against you. Carrying a balance on your credit card destroys wealth because you're paying high interest on that debt.

Building wealth happens when you invest your money and let compounding work in your favor. This simple concept has created millions of millionaires and will create many more. But investing is such a broad term, and there are many stocks, funds, and other places to put your money.

Don't worry. Here is the best way to compound your retirement nest egg.

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Source Fool.com