From the course: Personal Finance Tips and Tricks

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Letting go of money mistakes

Letting go of money mistakes

- Remember that time you saw a graph that showed how investing just $300 a month from age 25 to 65 would result in having $460,000 when you retire? But if you started the same plan just 10 years later you'd only end up with $250,000? That's a whopping 45% less and that my friends, is the lesson of compound interest. Pity that most of us don't actually learn that lesson until we're 35, maybe even later. Just in time to kick ourselves. In this video, we'll talk about how to let go of our money mistakes, learn something positive, and focus on the best choices we can make today. First, consider that financial decisions aren't made in a vacuum. Money is just one of the lessons we have to learn in life. And the way we use money is often a reflection of those other life lessons that we're learning. For example, if in your 20s you spent every dime that came your way, it could be due to the fact that there's a strong developmental imperative to establish our independence, identity, and social…

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