Investing in stocks is an effective way to help build and grow your wealth to better prepare yourself for retirement. You should pay special attention to growth stocks, as the capital gains you can enjoy from holding them over the long term can greatly accelerate your path toward financial freedom. Such stocks usually do not pay dividends, as the underlying business is reinvesting all of its profits and cash back into growth initiatives.

When it comes to choosing the right growth stocks to own, you should look at several important attributes to help you decide:

Let's look at three such businesses that have these attributes, making their stocks fast growers.

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Source Fool.com