THE SECRET TO BUILDING WEALTH WITH THE LEAST EFFORT
I know, the title of this episode sounds like one of those too good to be true finance clickbait hooks, but I promise you it’s not! There are so many ways you can build wealth, but the secret to building wealth with little effort? It’s simple really! Starting to save and invest as early as possible will allow something called compound interest to build wealth for you. Compound interest has the greatest effect over time, aka the longer you are investing and letting compound interest accrue for you, the more money you will have in your savings and investment accounts! It doesn’t matter how much you have to invest to start with, the goal is to start young and allow compound interest to work it’s magic. Have you ever read the wealthy barber? This is how people can build wealth even with a low paying job! If you’ve been waiting to start investing, first tune in to this episode of The How To Adult Show, and then go get started now! No more waiting around!
NEXT STEPS:
Want to learn more about managing your finances like a real live adult? Join the free personal finance mini course, it’s perfect for beginners!
https://howtoadultschool.com/7-day-money-challenge
Ready to take your first step towards financial independence? Start an emergency fund using this high interest savings account:
https://howtoadultschool.com/finance-resources#finance-tools
Check out my favourite personal finance books for beginners:
https://howtoadultschool.com/finance-resources#finance-books
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