Whether you're a pre-retiree or a young investor navigating the confusing world of savings vs. investing, this video is for you! Join me, Lena Armuth, the Real People Advisor, as I share examples of the worst places to save your money and why.
I'll guide you towards smarter alternatives for long-term savings and short-term goals.
Have a burning question? Drop a comment, I’d love to hear from you.
⏰ TIMESTAMPS
0:23: Keeping Cash Under the Mattress
1:22: Traditional Savings Accounts Won’t Help You Build Wealth
1:50: Short-Term Savings Don’t Belong in the Stock Market
2:43: The Five Year Test for Short-Term Savings
2:50: High-Yield Savings Account
3:20: The Risky Ride of Cryptocurrency
4:15: Beware of Permanent Life Insurance Policies
5:02: Keep Your Insurance and Investments Separate
5:30: Outro
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▶️ @therealpeopleadvisor
Join a community of like-minded, everyday investors and learn more about our sensible approach at:
▶️ www.sensibleportfolios.com
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#investingtips #savings #stockmarket #lifeinsurance #investing101 #finance
