@organized.finance: Is there really a difference between saving & investing? YES.  In these examples, I'm using a 3% annual return rate for the HYSA, and a 10% annual return rate for investing. Of course, we don't know exactly what interest rates HYSAs will offer & what returns the stock market will yield over the next 10-30 years -- but we can make educated guesses based on historical rates. And when you factor in the impact of inflation on these returns, the importance of investing becomes even more evident. If you want to build wealth, you need to invest (and the best time to start is now). Let me know if you have any questions about investing! Do you invest your money? What type of account(s) are you investing in? #goals #personalfinance #finance #womenwhoinvest #investing #invest #investingforbeginners #millenialmoney #travel #creditcards #points #richlife #save #womenandmoney #budget #budgettools #creditscore #financialindependence #journeytofire #financialgoals #debtfreecommunity #millionairemindset #frugal #firecommunity #wealthbuilding #financialfreedom #sinkingfunds #emergencyfund

organized.finance

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Friday 26 July 2024 21:31:26 GMT