Being lazy about the small things like not paying bills on time, being lazy about learning about personal in our early financial life compounds into the middle years. The middle years are then reflected by continued ignorance about personal finance, absence of adequate financial planning and the absence of sound investments for the later years. The later years then present a fait accompli where little can be done other than rue missed chances. This the negative power of compounding, where opportunity losses keep piling up.
Negative power of compounding: Mounting opportunity losses |
We all have loss out on many a thing, many a time. The trick is not to let our opportunity losses compound.
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