Never forget that time is money
You often hear the phrase, "Time is money." It usually refers to a business owner knowing that there are only so many hours in a day, and that time wasted leads to a dip in productivity and profits. Farmers use it too, but in different words; they call it "making hay while the sun shines." When it comes to money and investments working for you, that well-used phrase is literal. Once you understand compound interest and how powerful it can be, "time is money" takes on new meaning. It is astounding how much money can grow over time if invested and left alone. That is where compound interest com...