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12/11/2020

What do you do when you receive a paycheck?⠀⠀
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The majority of people will spend the majority of their paycheck and give their hard-earned money to other companies instead of investing into themselves, literally and metaphorically. ⠀⠀
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And then one wonders, where has my money gone for the month. A common action-plan is to automate a portion of the paycheck towards savings and investing. This way, they will not be inclined to spend it all. Even with the money spent, it is important to ask if it was a positive return on investment. Is the value of the product/service equal to the cost?⠀⠀
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Monthly contributions to savings and investing may seem insignificant and small initially, but can add up to a large sum. This is especially true with the concept of compound interest relative to investing. ⠀⠀
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Follow for posts on subjects of financial literacy, and investing.⠀⠀⠀
If you found this post informative, save and share with friends!⠀⠀
Also,turn on post-notifications!!⠀⠀
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