In an era when we’re always looking for the next wunderkind, it’s easy to forgot that most people still make their money over the long-term. For example, Warren Buffett, who is arguably the most successful investor of all time, made 99% ($62.7 billion) of his $63.3 billion net worth after his 50th birthday.
Moreover, 95% ($60 billion) is from after his 60th birthday.
This helps me remember that I don’t have to be a wunderkind by 30 to create generational wealth. I can let consistent investing and years of compound interest grow my money overtime, like Buffet did.
Source: Fool
Looking at the chart below that compares Buffet to other great investors, you’ll see that Buffet doesn’t have the highest returns among his peers, but he has outperformed them in terms of years of profitable investing, which allowed him to most benefit from compound interest.
Make compound investing your friend by starting early and staying the course! Don’t worry about being a wunderkind! Consistency is king!
Financially Fab 