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However, theres a select group of Americans whove already achievedwealthystatus.
The earlier you start investing, the more time your money has to grow thanks to compounding.
Many times, employers offer a percentage match on your regular 401(k) contributions.
Additionally, consider opening a Roth IRA.
Be sure you tackle your highest interest rate debt first before moving on to your lower interest rate debt.
That extra $4,000 per year can certainly go a long way.
More investing combined with more compounding can equate tomuch larger financial returnsover time.
Consider creating a net worth tracker using Excel or Google Sheets.
Or you candownloadYangs net worth tracking template for free so you might get started today.
Yang suggests designating 90% of any bonus money you receive toward investing.
Consider setting up automatic investments from your checking account to your investing account that align with your payday.
This way, your money will grow on autopilot and you wont even have to think about it.
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