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Episode 3670:
J. Money answers a reader who is great at saving money but frozen when it comes to investing it. He lays out an order of operations, clearing debt first, then topping off an emergency fund, then maxing out retirement accounts before any extra investing, and points out that an employer 401(k) match is free money most people leave on the table. He also argues that sitting on cash is not a failure, because it buys options.
Read along with the original article(s) here: https://budgetsaresexy.com/get-comfortable-investing-savings/
Quotes to ponder:
"You can never go wrong holding onto cash!!!"
"Another nice thing about holding onto cash is that it gives you tons of OPTIONS!"
"It's not optimal in a return-sense (yet), but wow does it put you in a good position for future opportunities."
Optimal Finance Daily is a daily personal finance podcast where we narrate the best articles on financial independence, investing, saving money, and money management, read to you by a professional narrator so you can grow your wealth a little more every day.
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