What is the single, most effective piece of financial advice you’ve ever received?

What is the single, most effective piece of financial advice you’ve ever received? by @DollarBits

Answer by Dollar Bits:

The best financial advice I ever received was:

  • start investing as early as possible
  • invest as much as you can
  • let compounding work for you

Warren Buffett suggests that most people would be should put 90 percent of their money in an S&P 500 index fund and keep 10 percent in cash.

What is the single, most effective piece of financial advice you’ve ever received?

Photo credit: pdbreen

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