The earlier you start saving, the larger your future worth and the richer you will be. Compounding growth can significantly increase your future worth. One's future net worth can soar over a long time.
Determine your future net worth by compounding your savings at a specified rate of return. Your net worth in the future will be defined as everything you have (your assets) minus everything you owe (your liabilities).
Home worth appreciation and your career income are two major influences on how rich you will be.
Generally, you want to pay down all your debts as early as possible to maximize the compounding of your wealth.