2814: How to Save Money and Still Invest by Christine Sato with JenHayes on Financial Advice

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2814: Christine Sato, in collaboration with JenHayes.Me, explains how to save money and invest simultaneously, even on a low income. She outlines strategies for building savings for short-term needs and investing for long-term goals, emphasizing the importance of automatic transfers, taking advantage of employer 401(k) matches, and starting early to maximize compound interest. Read along with the original article(s) here: https://www.jenhayes.me//save-money-still-invest/ Quotes to ponder: "Saving usually means putting your money into a savings account in a bank for easy access." "The stock market, on the other hand, while unpredictable in the short-term, generally does better than cash over long periods of time and generates greater returns on your money." "Putting aside $25 a week in an IRA, assuming an average return on your investment dollars of 8 percent over 40 years, will result in investments worth about $350,000 when it’s time to retire." Episode references: Investopedia - Roth IRA: https://www.investopedia.com/terms/r/rothira.asp Learn more about your ad choices. Visit megaphone.fm/adchoices