Most people think building a multi-million dollar investment portfolio requires earning a huge salary or making risky investments. In reality, the most powerful tool isn’t a higher income—it’s time.
The hosts of the Money Guy Show popularized a simple concept called the Wealth Multiplier. It estimates how much each dollar you invest today could be worth by the time you reach retirement. The younger you are, the more years your money has to compound, allowing your investments to do most of the heavy lifting.
The lesson is simple: every dollar invested in your 20s can be worth several times more than a dollar invested in your 40s.
Continue reading “Why your 20s are worth more than you think”