Your Job Is Your Most Important Investment
Want your investments to grow more quickly? Rates of return are certainly important, but earning the highest salary possible will make even more of a difference. The more you earn the more you can save, and the more you save the more dollars a rate of return will generate. For example, say you can get a 10% return on investment; if you put away $2,000 this year, that’s $200 per year (without compounding). If you can put away $4,000 a year, you’ll earn $400 per year in return, and your wealth will grow much more quickly. So while focusing on which investments will deliver great returns is certainly important, don’t forget to spend time focusing on how to develop your career and maximize your earnings the combination will help you build real wealth.