Do you just save money or invest it as well? If you’re only saving, then chances are you’re quietly losing money.
As a rough example, if your saving account is paying 1% interest, but inflation is growing at 3%, then you are effectively losing 2% each year. For this reason, money-minded people invest a portion of their money to keep up with and hopefully beat the effect of inflation.
Essential financial education for ambitious young professionals. Full show notes and other resources available at www.dalanvanterpool.com/podcast Connect with host on twitter @dalanv www.twitter.com/dalanv Connect with show on twitter @careersandCF www.twitter.com/careersandCF Help us create more great content: patreon.com/dalanv