All it takes to put compounding on your side is some money to save and invest.come up with cash,and compounding and time will take care of the rest.
If you want a single phase to guide you through the rest of your financial future,that should be it:Come up with the cash!
One way to come up with the cash is by spending less.
But there are limits to how much you can cut back.You can cut back on frills and find smart,less-costly ways of doing things.You can give up luxuries and focus on essentials. But,eventually,you have done all the cutting you can.
What's the point of setting distant goals if you have to give up all of today's pleasures to reach them?
But cutting spending isn't the only way to come up with cash.you also can come up with cash by earning more.
Earning more is even more fun than spending less. the more you earn,the more you can save and invest-and still have money left over to have fun. The more you earn,the more you feel good about your own abilities, and the more you wow family and friends.Earn more,and you can:
Dress better and drive a better car.
Live in a nicer home.
Take fancier vacations.
Be the first on your block with all the latest gadgets.
Send your kids o better colleges.
have the retirement most people only dream about.
So,all you have to do is earn more and good things come your way.