Common mistake

Believing the same money put in later catches up

It sounds like this

“If I start late I can just put the same amount in later and end up in the same place.”

Why it’s wrong

Money put in later has fewer doublings ahead of it, so the same amount ends up worth much less.

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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