Start early and plan well

There is an old saying that the early bird catches the worm. This holds true
in financial planning as well. People generally think that as they have the
entire working years left for investment planning and saving, they need not
start saving early. But by doing this they make the biggest mistake of their
life as they don't get the maximum benefit of compounding.

If you don't want to repeat this mistake, "you have to start saving
immediately," says James O'Shaughnessy, founder of O'Shaughnessy Funds and
author of 'How to Retire Rich', adding, "The younger you are when you start,
the better chance of retiring in style."


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