Investing money is a simple principle; put a small percentage of your income toward an IRA or mutual fund and over time it will grow to a substantial amount. While simple, it's not necessarily easy. Even I struggle with the thought that such small amounts of money don't really matter in the long run. I'd much rather put large sums of money away less often and see the growth instantly.
The problem is, large sums of money rarely come about. Maybe a tax return here and there yeilds a few thousand and it can be saved or invested successfully. But even that won't equal the amount gained over time in much smaller increments.Read More