Could your savings account be your greatest financial risk?

Have you worked hard to develop good money habits? Well now it’s time to make your hard-earned money do some work for you! It doesn’t need to be a full-blown break up but maybe it’s time to give your savings account a little bit of space. The stats say that the long term benefits of investing far outweigh keeping all of your money in low interest savings accounts. In this episode, we chat to a newbie investor from the YIGC community about her good money habits and why she is ready to integrate investing into her routine. Then we will be taking her questions straight to our expert, Danielle Ecuyer, to learn about why keeping all your money in a savings account excludes you from long term benefits of investing.

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Any views expressed by the podcast host or any guest are their own and do not represent the views of Equity Mates Media or any other employer or associated organisation.

Always remember, all information contained in this podcast is for education and entertainment purposes only. It is not intended as a substitute for professional financial, legal or tax advice. The hosts of Equity Mates are not financial professionals and are not aware of your personal financial circumstances. Before making any financial decisions you should read the Produce Disclosure Statement (PDS) and, if necessary, consult a licensed financial professional.

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