Saving with Purpose
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Video Transcript
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Ever save money... and still feel broke? It's not you. It's what your
money is doing while it sits. If prices rise and your savings earns almost nothing,
you're running on a treadmill. Example: if inflation is 4% and your
bank gives 0.5%, you're losing buying power every year. So your 'safe' cash slowly buys
less. The move isn't 'stop saving.' It's save with a purpose.
1) Keep an emergency fund. 2) Put near-term money in higher-yield cash options.
3) For long-term goals, consider diversified investing. Want a 3-bucket plan based on
your income? Comment 'PLAN'.
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