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S1E148: Savings vs. investing and wealth building hacks: BT Money Hacks (Ep 148)

BT Money Hacks

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How to Invest in a Simple Asset

Investing is simple if you build good habits and start with a simple asset. Have long-term investments in mind, invest bit by bit, and do it often. Start early and enjoy the power of that compounding asset. In 1970, a three-bedroom HDB would cost around $15,000. Today, that HDB wouldcost around $300,000. It's a 19 times jump. If we look at gold, one ounce of gold in 1970 was around $38. Today, one ounces of gold costs $1,918. That's a 48 times jump. So if you had invested your $15k in gold in 1970, it would now be worth

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