Copyright Lynnette Khalfani-Cox
Investment advisor and entrepreneur, Robert G. Allen once said, ” How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” This understanding of saving and investing is crucial for those seeking to acquire wealth. Savings accounts are excellent for storing money you need in an emergency (which everyone should have). However, if you want to maximize your money, you have to make it work for you, and investing is the best way to do that. How do you harness the power of investing? Let us help you get started below. Save, and Then Save Some More While saving alone is not going to make you rich, getting in the habit of setting money aside for investing is key to getting started. So, in addition to the money you put away for your emergency fund, begin setting aside the same amount, or what you can afford, for an investment fund. Some investment accounts have minimum balance requirements for you to get started. So, start getting in the habit of saving money for this purpose. Don’t Be Afraid to Learn Something New Investing may seem intimidating, but the more you know, the more […]
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