Yet too many Americans saddle themselves with needless debts. Its little wonder bankruptcies are near an all-time high despite a booming economy. Too many consumers can t wait to spend. This particularly applies to credit-card debt. Early is especially the key.
Nothing consistently makes money like time.
Investments that return even modestly over the years will usually make far more money than investments made hurriedly at the last minute. Other old fashioned 20th century secrets to investing include maximizing investments in tax-deferred accounts and investing regularly every month. And skip the day trading and market timing. The average investors, who switched in and out of funds every three years, earned just 7.25 percent a year. As you build wealth, the last thing you want to do is lose it to an unexpected financial catastrophe.