Time $ %
Time, amount invested, or rate of return; which is most important for building wealth?
Time invested. Nothing beats the power of long-term compounding. Just about anyone can grow wealth, if they will just start early.
Be an investor, start now, be patient. Here’s the message we should be getting to our young people: as soon as you begin your career start putting money into a RRSP and TFSA, and then let long-term compounding work it’s magic.
Time is the secret to growing wealth. Anyone can build wealth, if they will invest 10% of their income and live on 90%, beginning now, soon, immediately, today!
Let’s work together and inspire our young people to grow their own wealth.
This memo was prepared solely by Terry and Patty Rempel who are registered representatives of FundEX (a member of the Mutual Funds Dealers Association of Canada and the MFDA Investor Protection Corporation). The views and opinions, including any recommendations, expressed in this memo are those of Terry and Patty Rempel. Bluestone Financial is a personal trade name of Terry and Patty Rempel.
