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19th century author makes him far more wise than any today; and the little, sound advice Dickens gives through Mr Micawber is the wisest, simplest any-time money-advice there can be !
you see this all the time on frugal living forums. folks go to the nth degree to save what amounts to pennies doing sometimes really foolish things.
they then cherish that penny so much they never get the knowledge or nerve to invest it so it compounds.
a penny doubled every day compounding is worth 10 million dollars at the end of just 31 days. that is the power of investing wisely and compounding those pennies.
in fact quite a few could actually spend more and invest wiser and have way more if they spend their time learning some financial skills instead of how to pinch those pennies..
I'd rather earn 20 pounds, live on 15 pounds, and invest the other 5 pounds in assets or personal improvement.
Instead of saving a few pence every week I will increase my earnings and be able to live off the assets in my old age. So I am not saving pennies, but saving tens of pounds.
you see this all the time on frugal living forums. folks go to the nth degree to save what amounts to pennies doing sometimes really foolish things.
they then cherish that penny so much they never get the knowledge or nerve to invest it so it compounds.
a penny doubled every day compounding is worth 10 million dollars at the end of just 31 days. that is the power of investing wisely and compounding those pennies.
Yes, but the reason that many of us are in the position to invest is that we pinched pennies along the way.
You need to do both ,however that is not what many of these overly frugal folks do.
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