How time can make you rich

Cape Town - In many ways it’s better to have plenty of time than to have plenty of money, because if you know you have time available you can build wealth and do great things with the money you have, according to Old Mutual.

“Getting good advice early, planning ahead and knowing which stage of your life you’re at gives you a massive advantage," the company said in a statement.

“The sooner you tackle crucial issues like starting to save for your retirement and your children’s education, drawing up a will and getting death and disability cover, the better. The longer you have to save, the more access you and your money have to compound interest."