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What you’ll hear in this episode:
In this episode, I shared some personal finance principles that people often overlook or forget.
There are important to know these because sometimes, a change in perspective is what you need to change the way you handle money.
I talked about earning versus saving money, then saving versus investing, and one of the most effective strategies for long-term investing.
Finally, I shared what I believe is the real reason why we should save and invest.
Excerpts and Highlights:
It’s not how much you earn, but how much you save. It’s not enough to save, you must also invest.
Investing should be a habit and it’s not something you do only when you have extra money.
If you want to build your wealth, you don’t invest just once, you invest as often as you can.
The cost averaging method has been proven to reduce investment risk, take out the emotional component of investing, and helps investors avoid mistakes in timing the market.
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