New Delhi, June 14 -- When it comes down to building wealth, most individuals focus primarily on earning and secondarily on how much they can invest. Still, one more vital concept that is generally overlooked in wealth-building discussions is the immense value of time.

Therefore, what must be casually disregarded is the impact and importance of time. This is because time is one of the biggest drivers of long-term wealth: the longer you stay invested, the more time your investment has to compound.

Warren Buffett famously said, "Someone is sitting in the shade today because someone planted a tree a long time ago." This quote perfectly captures the immense significance of the power of compounding. It highlights how someone would have initi...