Is Savings Rate or Rate of Return More Important?

Most people focus solely on rate of return and are not aware that savings rate has a significantly larger impact on wealth building than rate of return.

The rate of return conversation is what is marketed and it becomes a way to create immediate gratification (or not). By focusing on savings rate, you focus on what you can control and when doing so, you can create a more favorable (and enjoyable) outcome to your wealth building than if you solely focus on rate of return which is outside of your control.

Learn more about each in this podcast.

Related: What to Expect From A Financial Planner