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Episode 2692:
Paula Pant from AffordAnything.com shares her journey from celebrating a 77% savings rate to realizing its limited value in achieving financial freedom. Through a detailed analysis, she illustrates the importance of distinguishing between savings for deferred spending and investing for wealth growth, urging readers to focus on investing rates over savings rates for true financial independence.
Read along with the original article(s) here: https://affordanything.com/77-savings-rate-means-nothing/
Quotes to ponder:
"Savings is money that you’re setting aside for the future. Which means that “savings” is deferred spending."
"Savings won’t bring you financial freedom. Investing will."
“Investing,” on the other hand, allows you to supercharge your net worth."
Learn more about your ad choices. Visit megaphone.fm/adchoices
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2479: [Part 2] Build a Budget That Actually Works by Chelsea Brennan of Smart Money Mamas on How to Plan Your Expenses and Not Overspend
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2473: Money Stress: Why We Use Money to Feel Bad About Ourselves by Dr. Lisa Firestone of Psych Alive on the Psychology of Spending
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