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One of the most compelling reasons to begin saving early is the impact of compound interest. For instance, to accumulate $400,000 by age 65 with moderate risk investments (around 4% return), starting at 25 would require saving approximately $340 per month. Waiting until 40 means increasing your monthly contribution to about $780—more than double the initial amount.

Start small, stay consistent, and gradually increase contributions as income grows. This simple principle underscores why early action multiplies long-term wealth.

Building Financial Resilience

Financial robustness isn't just about growth—it's about safeguarding against unforeseen circumstances. Key strategies include: