Ep.100 - What Is Investing

What does it really mean to invest and why should you?In this episode of Rich Young & Powerful, Andrew McNair breaks investing down to its foundation: putting your money in motion so it has the opportunity to multiply.Using simple illustrations of planting seeds, rolling a snowball and owning a beach house, Andrew explains how compounding works, the two primary ways investments can create returns, and why diversification matters.But investing isn’t just about accumulating more.Andrew explores investing through the lens of stewardship—wisely managing the resources God has entrusted to you so you can provide for your family, give more generously and create an impact that extends beyond your own lifetime.In this episode, you’ll learn:•    What investing actually means•    Why inflation makes growing your money important•    How compounding can multiply wealth over time•    The difference between appreciation and investment income•    Why diversification matters•    Why there is no single “perfect” investment•    How investing can become part of faithful stewardshipThe goal isn’t simply to become wealthier. It’s to become a better steward of what you’ve been given and ultimately use those resources for something greater than yourself.Learn more about Andrew’s journey from greed to generosity in The Giving Crisis at RichYoungPowerful.com/book.Follow Rich Young & Powerful for more conversations about wealth, generosity, purpose and living to give.Find more resources at RichYoungPowerful.com/blog. Check out our YouTube channel at Everyday Philanthropist and grab a copy of Andrew’s book, The Giving Crisis at RichYoungPowerful.com/book.  Please subscribe, rate, and review! Subscribe to the Everyday Philanthropist YouTube channel for more https://www.youtube.com/@RichYoungPowerful/videosFor more resources go to RichYoungPowerful.com/blog Purchase Andrew’s book, The Giving Crisis at RichYoungPowerful.com/book Follow on social media!  Follow on TikTok www.tiktok.com/@andrew_mcnair Follow on LinkedIn https://www.linkedin.com/in/andrewsmcnair/ Instagram https://www.instagram.com/andrewmcnair/