The difference between good and great is often found in the details. As discussed in this infographic, a few little ideas can make a big difference in the long run.
First, the equation for growing wealth is actually quite simple: produce more than you consume, and save the difference. Being disciplined and smart means that unnecessary expenses are cut, and any savings can go towards the bottom line. For example, if the money going towards a $4 latte each day was invested, it would amount to $25,994 in 10 years or $440,198 in 40 years. This is based on a fairly ambitious 8% annualized return, but still proves the point.
Investment Strategies: Little Things Make A Big Difference
Infographic source: Motif Investing
