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.