Investments 101: The Time Value Of Money
In finance we have a theory called the Time Value Of Money. This theory states that the money you have today will be less valuable tomorrow and will buy less things tomorrow.
Most of us already know this - the salary we earned last year, doesn't purchase the same amount of foods and services it did last year.
Investing is insurance against this depreciation in our salary, thanks to compound interest.
Investing Is a Long Term Game
Time can be your worst enemy or your best friend when it comes to investing.
To make time your best friend, think long term, the earlier you start investing the better:
Click and below out the most recent #WealthyMoneyTV interview on starting an investment portfolio
