There’s a difference between saving and investing. Saving is to protect money you’ve already made. That’s boring. Investing is a way to use your money to make even more money. That’s sexy. Your mission, should you choose to accept it, is to put your money to work. In this article we explain how.
What is a stock exchange?
You can invest in a physical asset, like starting a business or franchise, but this usually requires big money upfront. Investing in shares on a stock exchange is also a way to become a business owner, and it’s a lot less money and effort since other people run the business.
What you need to be a savings rockstar
You already have everything you need to sort out your finances. Much as we enjoy daydreaming about a future where some event or person changes our finances, the money we earn and spend every month holds the key to a stress-free financial future.
Long-term savings goals
Whether your goal is financial independence by retirement or before, long term savings are how you get there. Long-term savings differ from short term, because the amount you need is so much larger. When it comes to long-term financial goals, the money you’ve saved must also work.
Reaching your short-term savings goal
When we live to our last cent, saving seems impossible. We share some strategies for reaching short-term financial goals, the most common reasons people fail to reach these goals and what to do about it.
Getting rich takes time, not money
We tend to assume investing is something rich people do. If you’re not earning much, it can be tempting to put your goals on hold until you’re more liquid. But compounding is not about money. It’s about time.
Saving and investing are not the same
What’s in the way of financial independence?
There are only four things that can prevent you from achieving financial independence. Luckily they can all be overcome if you understand them, and they are all really easy to understand.
Four roads to discipline
Financial change happens one pay cheque at a time, but there are many things we can do between pay cheques to ensure we are better at our finances from one payday to the next. Consider this your how-to guide for financial discipline.
What to do with financial advice
Creating wealth becomes easier when you have access to people who can point you in the right direction. However, acting on every piece of advice you receive will likely lead to poor choices.
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