Part 5/9:
Employ low-cost index funds, which reflect market performance and have shown a historical growth rate of about 7% annually over the long term. Remember, "time in the market" is more crucial than trying to time the market. The earlier you start investing—even small amounts—the more you benefit from compound interest, which can exponentially increase your wealth over time.
Maximize your tax-efficient accounts, such as 401(k)s and HSAs, to optimize your savings. Additionally, if you're paying a high percentage for financial advice, consider low-cost options that could yield better long-term returns.