E81: When Does Your Money Start Working for You?

You've probably heard the phrase, “Make your money work for you.” But what does that actually mean? How does money make more money without you having to work for every additional dollar? In this episode, I break down the idea of putting your money to work, how investing and compounding can allow money to grow over time, and why the amount you have working for you matters. Think of your money like a workforce. At first, you're doing most of the work—earning, saving, and putting money in. But as that money has the opportunity to grow and you continue building what you've invested, that workforce can get bigger and begin doing more of the work alongside you. You work hard for your money. The question is: How much of your money have you started putting to work for you?