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Starting early and sticking to your thing
A fascinating factoid about the power of compounded investment returns.
Hereās an eye-opener:
A few years ago, Warren Buffettās net worth was calculated at $81 Billion; however, around $78 billion if didnāt come until sometime in his mid-60's.
The reason I share that little factoid today is because former Motley Fool columnist Morgan Housel brings up a very salient point:
āBuffettās fortune isnāt due to just being a good investor, but being a good investor since he was literally a child.ā
Itās useful top-of-mind insight to have IF you also have a desire to INCREASE (or keep increasing) your own net-worth.
Without a large chunk of Time on your side, youāre kinda sheeit outta luckā¦ unlessā¦
Unless, that is, youāre either A) willing to set aside enough money to percolate safely over whatever amount of Time you statistically have left (this is the safest way) or B) willing to learn the art & science of being a prudent speculator; which is to sayā¦ to generate cash-flow in more esoteric ways, as you simultaneously multiply it in moreā¦