Augen on 14 January 2014
Anyone who starts to gain wealth can easily see how this happens. Money management makes the income gap even greater. When I worked my first job I put away money in a fund and saw 6% (which is modest) return just by watching money grow. This is not uniform (hello 2008!) but over the course of decade it balances out for most people to be roughly 8-12%. This may not seem like much to some at first blush, but someone putting away 5K a year even over their lifetime can have a multi million dollar retirement fund.
My advice, start putting away money young (in your 20s) or immediately if you have not. Putting off a dollar now can yield many times that down the road.
