Get Started Investing Why saving alone won't make you rich
If you are only saving your money, you risk falling behind. You can’t argue the numbers- investing beats saving in the long term. They’re both essential in a healthy financial set up. But we believe that too often, savings play a larger role than they should.
In this episode we explain why and help you find a healthy balance between saving and investing.
We cover:
- The difference between saving and investing.
- The role they each can play in financial freedom and building wealth.
- Why saving alone won’t make you rich (Meet the dreaded “I” word; Inflation)
- How we each balance saving and investing in our own financial set up.
If you're a serial saver, we're here to convince you that it's time to start investing.
Links Referenced:
🎧 Listen to: Could you be getting more for your savings? Australia’s best savings accounts
📞 Have an investing question? Leave us a voicemail, and we'll answer it on the podcast!
🎥 We're on YouTube! Watch full episodes on our brand new Get Started Investing YouTube channel Subscribe here.
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In the spirit of reconciliation, Equity Mates Media and the hosts of Get Started Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.
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Get Started Investing is a product of Equity Mates Media.
This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.
Equity Mates Media operates under Australian Financial Services Licence 540697.
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