How many millionaires do you know who have become wealthy by - TopicsExpress

How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case. - Robert G. Allen Simply put, saving is not investing. Saving is accumulating and parking money in a safe, reliable place to be used in the case of emergencies, and should be sufficient to cover several months of your personal expenses in the case of injury, job loss, etc. Though savings accounts and CDs can be guaranteed against losses, any gains will be minimal given the extremely low interest rates. Investing, on the other hand, puts your money to work over a period of years by using money to potentially create more money. Although investing does pose risks, it’s important to bear in mind that not investing can also be a risk to your financial future. If your money doesnt grow, you may face an even bigger risk – not achieving your financial goals. Lets sit down to review your savings and investing strategies.

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