One formula for building wealth is pretty darned straightforward and simple: start saving at an earlier age.
When most people start to earn income in their late teens or early 20’s, retirement is very low on the list of priorities (if it is on the list at all). But millennials would be wise to rethink that approach, because a little saved today can go a long way in the future.
Just consider this hypothetical example:
Starting early can make a substantial difference.
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