Money Guy Show A Beginner’s Guide to Investing in 2024
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Mar 15, 2024 Learn how to kickstart your financial independence journey through investing with this beginner's guide. Explore the benefits of investing vs. saving, long-term investing foundations, strategic investing advice, and the financial order of operations. Discover how to open a Roth IRA account and build wealth through consistent savings and persistence. Take the first step towards a secure financial future today!
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Start Investing
- Invest money for long-term growth, rather than just saving it.
- Investing allows your money to work for you and combat inflation.
Saving vs. Investing
- Saving is simply setting money aside, while investing puts it to work.
- Investing generates returns over time, significantly outpacing mere savings.
The CD Story
- Brian Preston's parents saved diligently but only invested in CDs, missing out on greater returns.
- They did the hard part (saving) but skipped the most valuable part (true investing).