You’re tracking your spending, meal-prepping, and diligently saving at least 20% of your income each month. But if you truly want to build wealth this year, you can’t just save. You also need to make sure your money is growing at a rate that at least outpaces inflation. To enjoy prosperity and abundance in the years to come, here’s what to do.
#1. Invest todayIt’s often said that time in the market is more important than timing the market. Consider the example of two friends Jack and Jill below.
Jack starts investing at age 30 and invests $10,000 every year until he turns 40. From age 40 to 60, he contributes $0. Jill only starts investing at age 40 and invests $10,000 every year until she turns 60.Jill has invested $10,000 every year for 20 years – surely her deck must be stacked against Jack. Not so. Assuming a conservative
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