Is It Possible to Save Money Today?
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Is It Possible to Save Money Today?
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About this listen
This podcast episode addresses the challenges of saving money in today’s market due to inflation. Simply saving money isn’t enough to combat inflation and build wealth. Instead, investing in growth assets that provide a higher return than the inflation rate is suggested. Personal experiences with investing in mutual funds and the returns achieved are shared. The importance of financial literacy and understanding the market landscape to make informed investment decisions is emphasized.
Chapters
00:00 Introduction and Setting the Scene
04:25 Understanding Inflation and Its Impact on Savings
06:31 Investing in Growth Assets to Combat Inflation
08:52 The Importance of Financial Literacy
17:11 The Role of an Emergency Fund
19:58 Conclusion and Call to Action
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