How much you save is important, but when you start can also have a big effect. The sooner you invest – even if it’s only a small amount – the more time your money has to reap the benefits of compounding. Put simply, not only will the money you originally saved have the opportunity to earn returns, those returns can also, potentially, earn returns.
And lest you be discouraged, remember that no matter what age you are, “starting now” will always be earlier than “starting later.”
Click the link to check out a short yet fantastic 1 page article from one of our valued partners at IA Clarington Investments.