Saving and investing are two important ways you can take control of your financial future. Saving allows you to set aside money for future use, while investing allows you to grow your money over time. Both have benefits for varieties of goals.
Log in France a year agoPosted a year ago. Direct link to France's post “can I start investing wit...” can I start investing with only $500? • (4 votes) David Alexander a year agoPosted a year ago. Direct link to David Alexander's post “The short answer is "yes"...” The short answer is "yes". You can start investing with only $500. But perhaps a more useful thing to consider is whether or not you have enough resources SAVED first to make you sufficiently safe financially. Invested funds are harder to access in an emergency, and getting them may come with loss of some of your gains. So, $500 is enough to begin investing, but it may not be the wisest place to put those dollars. (8 votes) LoloR21 . 9 months agoPosted 9 months ago. Direct link to LoloR21 .'s post “"Bank accounts: A safe pl...” "Bank accounts: A safe place to store your money, and you can often earn a small amount of interest". How does that work in US banks? By depositing money in a bank (in a savings account), will it pay me interest? • (4 votes) William Wang 9 months agoPosted 9 months ago. Direct link to William Wang's post “You can usually find curr...” You can usually find current interest rates on the bank's website. The bank appreciates you entrusting your finances with them — you are essentially investing in that bank. The bank uses those finances to invest in other markets. As a token of gratitude, they give monthly interest so that you might continue banking with them. There are different types of banks, and many usually offer low rates for savings accounts. However, you can try to invest your money in a high-yield savings account and get more significant sums of interest every month. HollyM 7 months agoPosted 7 months ago. Direct link to HollyM's post “Whats the purpose if you ...” Whats the purpose if you don't know and don't have enough to buy or save? Who can instead of you in your family. • (1 vote) HollyM 7 months agoPosted 7 months ago. Direct link to HollyM's post “Well ask your parents or ...” Well ask your parents or pray for hope:) (6 votes) PiKitty a year agoPosted a year ago. Direct link to PiKitty's post “For the check your unders...” For the check your understanding, I selected a gift and a phone as something you would save for, and it is marking me wrong. Does anyone know what the correct answers are? A phone and gift seem like short term things I would save up for, not invest in. • (2 votes) Prince 2 months agoPosted 2 months ago. Direct link to Prince's post “Yeah you're right sometim...” Yeah you're right sometimes stuff like that happens where they mark you wrongly, common sense tells me that nobody invests into something like an iPhone since it depreciates in value once the next new iPhone comes out, you also can't invest into a gift since you need to save money to buy it and give it away. (1 vote) amykdy a year agoPosted a year ago. Direct link to amykdy's post “For the check your unders...” For the check your understanding, why can't retirement be something I would save for? Although investing is also an option, I feel like many people save up money so that they can retire... • (2 votes) Prince 2 months agoPosted 2 months ago. Direct link to Prince's post “Look into *inflation* cos...” Look into inflation cost of food, shelter, education etc are all going up. Compound interest can also work against you from an inflation standpoint. $1,000,000 in 1980 now has the buying power of $230,982.70 in 2024. This means that even if you save $1M cash you might have as much money by the time you retire. You need to have your money invested into something like the S&P500, stocks etc for compound interest to work for you, the rich buy assets and make money work for them. (1 vote) Benjamin 7 months agoPosted 7 months ago. Direct link to Benjamin's post “Where do you go to lend b...” Where do you go to lend bounds and invest in stock? • (1 vote) David Alexander 7 months agoPosted 7 months ago. Direct link to David Alexander's post “You contact a stock broke...” You contact a stock broker in your neighborhood. (2 votes) zscholl1 5 months agoPosted 5 months ago. Direct link to zscholl1's post “good time my will read do...” good time my will read do it • (1 vote) Prince 2 months agoPosted 2 months ago. Direct link to Prince's post “Yeah it's good to read ab...” Yeah it's good to read about things like saving and investing. (1 vote) lydia robinson:) 6 months agoPosted 6 months ago. Direct link to lydia robinson:)'s post “whats the easiest way for...” whats the easiest way for me to make a budget? • (1 vote) Prince 2 months agoPosted 2 months ago. Direct link to Prince's post “I made my monthly budget ...” I made my monthly budget using google sheets with a template, it's free and easy. (1 vote) Grayク 5 months agoPosted 5 months ago. Direct link to Grayク's post “how much money is good to...” how much money is good to start investing and what are some reliable things to invest in? • (1 vote) Prince 2 months agoPosted 2 months ago. Direct link to Prince's post “$1000+ any lower and you ...” $1000+ any lower and you probably should just save more money, make sure to google anything you don't understand, you can Dollar Cost Average into the S&P 500 for lower risk and still benefit from compound interest. If you really wanna make a bunch of money you should do your own research a random comment from a khanacademy won't teach you enough, apps like reddit or youtube can be useful to learn more about stocks, bonds, precious metals, crypto, why saving money can mean losing buying power due to inflation(food prices increasing etc). Read books like The Intelligent Investor by Benjamin Graham, look into fundamental analysis and technical analysis. Study people like Warren Buffet(Billionaire Investor), Charlie Munger etc. You can also watch podcasts, make sure you understand what you are doing and do not outsource your thinking and buy just because some dude told you to yolo into a meme coin or stock going to the moon. (1 vote) imrawani838 2 months agoPosted 2 months ago. Direct link to imrawani838's post “how old are you” how old are you • (1 vote)Want to join the conversation?
