Why Is Investing a More Powerful Tool to Build Long-Term Wealth Than Saving?
Imagine two friends starting their careers at age 25. Sarah puts $500 every month into a high-yield savings account earning 2% annually. Meanwhile, Mike invests the same $500 monthly into a diversified portfolio averaging 8% returns. Fast forward 30 years to age 55, Sarah has accumulated around $246,000, while Mike’s portfolio has grown to approximately $745,000. […]
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