2814: How to Save Money and Still Invest by Christine Sato with JenHayes on Financial Advice

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2814: Christine Sato, in collaboration with JenHayes.Me, explains how to save money and invest simultaneously, even on a low income. She outlines strategies for building savings for short-term needs and investing for long-term goals, emphasizing the importance of automatic transfers, taking advantage of employer 401(k) matches, and starting early to maximize compound interest. Read along with the original article(s) here: https://www.jenhayes.me//save-money-still-invest/ Quotes to ponder: "Saving usually means putting your money into a savings account in a bank for easy access." "The stock market, on the other hand, while unpredictable in the short-term, generally does better than cash over long periods of time and generates greater returns on your money." "Putting aside $25 a week in an IRA, assuming an average return on your investment dollars of 8 percent over 40 years, will result in investments worth about $350,000 when it’s time to retire." Episode references: Investopedia - Roth IRA: https://www.investopedia.com/terms/r/rothira.asp Learn more about your ad choices. Visit megaphone.fm/adchoices

Om Podcasten

Optimal Finance Daily, hosted by Diania Merriam, the innovative mind behind the personal finance conference EconoMe, takes you on an enlightening journey through the world of personal finance. Each episode brings to life the most compelling and practical advice from leading financial bloggers and experts. Diania’s engaging narration and insightful commentary transform complex financial concepts into relatable, actionable insights. Whether it’s budgeting, investing, debt management, or money mindfulness, she covers it all, making financial wisdom accessible to everyone. Gain not just knowledge, but also the motivation to apply it in your daily life. It's not just a source of personal finance tips; it’s a daily companion that guides you towards financial independence and savvy money management, all delivered with Diania's trademark enthusiasm and expertise. By focusing on early retirement, financial independence, and saving money, each episode provides you with the tools needed to achieve your financial goals. This podcast is designed for those passionate about personal finance, early retirement, financial independence, and saving money. It’s your go-to source for practical advice on managing your finances, saving money, and working towards early retirement. Each episode offers actionable steps to foster financial independence and secure your financial future. Listen now, and become an OLD friend--your optimal life awaits...