A money expert explains how putting that windfall in an investment account can help you grow wealth | Drum – News24

Investing secures one’s financial future.

It just grows and grows and grows . . . that’s the potential magic of compound interest when your money is left untouched after you invest it for the long term, says financial expert Thobelani Thwala. 

He explains how wealth creation – a term many think refers to what the rich do – is possible with careful planning.

“The purpose of investing is for wealth creation over an extended term – this is money that you don’t touch for several years; it’s not for saving for a new car deposit or holidays,” the financial planner and debt counsellor explains, “this is the money that will secure your financial future. 

Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism.
You can cancel any time.

Source: https://www.news24.com/drum/money/advice/a-money-expert-explains-how-putting-that-windfall-in-an-investment-account-can-help-you-grow-wealth-20211129