Common mistake

Believing a late start costs only its share of the years

It sounds like this

“Starting ten years later out of forty only costs me about a quarter of the final amount.”

Why it’s wrong

The years that go missing are effectively the last ones, where the amount is biggest and each year adds the most.

The lesson that fixes it

→Time beats timingStarting later does not cut the result in proportion to the years lost: it removes the last doublings, which are the biggest, so a late start costs far more than its share of the years and is expensive to make up by saving more later.read free

Cognosc spots mistakes like this.

When you explain something in your own words, Cognosc can tell exactly which mistake you’re making — not just that you’re wrong — and gives you a short lesson to fix that one thing.

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