Self-Inflicted Wounds
What does a broken hand have to do with personal finance?
Jesse Cramer created The Best Interest to explain personal finance and investing in simple terms. His writing has been featured by CNBC, MSN, The Motley Fool, and other national publications. He resides in Rochester, NY with his wife and their dog, where he works in wealth management. Follow Jesse on Twitter: @BestInterest_JC
What does a broken hand have to do with personal finance?
Experienced investors constantly advise their younger counterparts to “invest while you’re young!” But why? Why does investing while young matter more than investing while old? Can’t someone just “catch up” on their investments later in life?
Actual stock market returns ARE NOT the same as average returns. And the difference will make or break your retirement plans.
Question: Will today’s young investors ever see a better stock market than in the past 12 years?
My 2021 savings will pay for my lifestyle in 2040, 2059, and 2078 (if I’m lucky). And your 2021 savings will pay for your entire lifestyle in future years. This article will show you the math.
Start wiring your brain pathways right now. Don’t let emotion incidentally affect you when it matters most.