When I asked him about his best advice to his younger self, he focused on the importance of saving and investing heavily in your early years. Starting early and investing often is a tried-and-true approach for building Financial Wealth. The philosophy’s effectiveness, Maggiulli noted, is driven by two factors: “Money invested earlier in time typically grows more than money invested later in time [and] compounding money is easier than saving money.” Starting early places the time exponent Morgan Housel highlighted firmly in your corner. Paraphrasing a well-known proverb: The best time to start
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