By Adam Othman
It’s never too late to start doing the right thing, but that sentiment doesn’t translate very well when it comes to retirements and savings. The more you wait, the more time you’ve lost that you could have leveraged for growing your savings.
That’s one of the lessons millennials have to learn. Many millennials think that just because retirement is two, three decades away, they can wait and will start saving once they are earning a certain amount of income. And while it’s true that the heftier your investments amounts would be, the larger your nest egg will grow (considering growth rate remain static), but that mentality makes millennials lose sight of another important growth variable: Time.