I believe in using the stock market to grow my wealth. It has long been a proven way to make returns. The problem that can arise with many taking this same view is that they take all of their money and put it in the stock market to grow. This is especially the case when rates of return on stable assets/accounts are so low as they are today. We need liquid cash to protect our financial lives, but this NEVER means that investing should be foregone. Today, we will discuss:
1. The problem with investing all your money
2. The need for a true emergency fund
3. Why having an emergency fund and investing aggressively are not mutually exclusive
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Don’t forget to like, subscribe, and leave comments below as I would love your feedback. Be sure to check out my website (www.mnowithdylan.com) where you can get more information on my financial coaching services and more, the podcast of these shows if you are more of a listener than a watcher, and follow the show on any social media outlet (FB, Twitter, & Instagram) @mnowithdylan (Money’s No Object with Dylan Howell) [All links in description]. Tune in for more personal finance concepts. Don’t forget to check-in every weekday (Monday-Friday) for new videos which will be uploaded each day at 6 a.m. CDT. Thank you, guys, for tuning into this episode of Money’s No Object. I’m Dylan Howell. God Bless!
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(Please keep in mind that I am not a financial advisor. I create these videos for educational purposes only. You and only you are responsible for the investment decisions that you make.)