Expert Council Q&A for 4-25-24 – Epi-3486
The Survival Podcast
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Understanding the Difference: Saving vs. Investing
The chapter clarifies the disparities between saving and investing, recommending specific percentages for various investment categories like Roth, 401k, bitcoin, and gold. It stresses the significance of diversification and advocates for investing in assets like s&p 500 for broad exposure and long-term wealth building. Additionally, it addresses the misconceptions surrounding 401k as an investment and cautions against potential misuse of educational tools and platforms.
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