Power of saving early: ------------
The earlier you save, the more money will be accumulated.
This works on the compounding factor as savings for a longer period will earn the equivalent compounding advantage.
Thus, Rs. 2,000 saved today will fetch more returns at the time of retirement, than Rs. 3,000 saved 10 years later.
Obviously, time too holds value, which should be unlocked at the earliest.
It is proved that a three years delay could mean 7% lower returns to the portfolio.
