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Mastering DRIP Investing
This chapter explores DRIP (Dividend ReInvestment Plan) investing, emphasizing how automatic dividend reinvestment can significantly boost long-term returns. Using a coffee maker analogy, it illustrates the power of compounding dividends and the importance of starting small for exponential growth. Additionally, it discusses the differences between retirement accounts like 401(k)s and Roth IRAs in the context of effective investment management.