
#91 - Windfalls, Learning to Invest, and YNAB 4: Jeremy Schneider of Personal Finance Club
Budget Nerds
00:00
Embrace Volatility for Long-Term Gains
Investing involves accepting short-term market fluctuations with the understanding that they can lead to long-term growth. Many new investors mistakenly feel compelled to react to these fluctuations, but true success in investing is rooted in patience and a long-term perspective. Historically, high savings account returns are low, typically around 2%, emphasizing the need for a more strategic approach to wealth accumulation, despite the allure of immediate gains.
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