#MoneyMondaysJa - Saving vs. Investing

Do you remember a time when J$20 used to be a paper note?  The Jamaican $20 bill was officially changed to a coin in 2000, symbolizing its decrease in value, as coins tend to be worth less than notes in a country’s currency.  What if you have saved that $20 note under a mattress in 1995? At the time, it would’ve been worth about US$0.56. Today, it would only be worth US$0.13, and that’s not counting the loss in value due to inflation.  What would it be worth if you had invested that $20 instead?  Let’s look at investing vs. saving. This week's Pop Quiz!! Pop Quiz! If I saved $20 in the bank in 2000 at current interest rates, how much would it be worth now? If I had invested that $20 in stocks, how much do you think it would now be worth? The answer on today’s #MoneyMondaysJa Speak to an investment advisor at PROVEN Wealth about opening your investment account today!  Visit https://provenwealth.com IG @weareproven Looking for affordable insurance? Check out Bulwark Insurance Agency! Visit https://bulwarkja.com IG @officialbulwarkja LET’S GET THIS MONEY! #letsgetthismoney Subscribe to my newsletter at https://kalilahreynolds.com/newsletter Follow me on Facebook: https://facebook.com/kalilahrey Follow me on Instagram: @kalilahrey Invest in Jamaica Do business in Jamaica  RELATED TO THIS VIDEO TAKING STOCK - WATCH THIS IF YOU WANT TO BUY A HOUSE IN JAMAICA! https://www.youtube.com/watch?v=A98il_vFB3w&t=1918s #MoneyMondaysJa - HOW TO MAKE MONEY ON THE STOCK MARKET https://www.youtube.com/watch?v=T2yFT1iyfsg TAKING STOCK - JSE'S WORST WEEK EVER; TOURISM FALLOUT OVER COVID-19; PROVEN'S APO AND MORE!! https://www.youtube.com/watch?v=-dmi50hZF2g&t=531s TAKING STOCK- SHOULD YOU INVEST IN CRYPTOCURRENCY? https://www.youtube.com/watch?v=Cot8gLNctHg&t=1263s