Ep. 211 - Stop Saving Money (Do This Instead)

Welcome to the Good Financial Cents show, where we strive to help you achieve your financial goals and build a secure future. In today's episode, we'll explore the age-old debate:

Should you save or invest your money? 

While both options have their merits, we argue that investing should be your top priority.

Saving money is important, of course, but it can only take you so far. When you save your money, you're simply setting it aside for a rainy day. It's a great way to build an emergency fund or save up for a big purchase, but it won't help your money grow over time.

On the other hand, investing your money can help you achieve long-term financial success. By investing, you're putting your money to work for you, allowing it to grow and compound over time.

With the right investment strategy, you can potentially earn higher returns than you would with a savings account or other low-risk investment options.

So, join us as we dive into the world of investing and explore why it's more important to invest than save.

Whether you're a seasoned investor or just starting out, this episode is packed with valuable insights that can help you achieve your financial goals and build a brighter financial future.

Thanks for listening to the Good Financial Cents podcast!  Check the blog for fresh content at www.GoodFinancialCents.com.

 

Resources:

• How to Invest $1,000
• How to Invest Small Amounts of Money
• Best Savings Accounts

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• Wealth Hacker YouTube channel: https://www.youtube.com/wealthhacker/
• Good Financial Cents YouTube channel:  https://www.youtube.com/goodfinancialcents
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My Courses:

• Passive 1k Income Accelerator 
• 10x Goals