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Post by Mr. Meyer on Jan 27, 2016 17:13:18 GMT
How does investing build wealth?
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Post by hgore on Jan 29, 2016 16:36:42 GMT
By giving you more money
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Post by mckenna on Jan 29, 2016 16:45:58 GMT
^^^^ basically same
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Post by mouser on Feb 1, 2016 18:28:13 GMT
Different investments give you different returns. Some are more vulnerable than others but if the investment does well it will give you a certain amount of money back as a profit. Your investments have to be smart in order to build wealth but some are worth the risk.
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Post by Mr. Meyer on Feb 9, 2016 5:09:51 GMT
Think about how investing applies money you have saved. Investing will not GIVE you money, because there are a variety of strings attached. Those strings may be low interest rates (savings account), or withdrawal penalties (CD's), or the possibility of a loss in value (mutual funds). Greater risk generally means greater reward, but there is a tipping point where that principle becomes foolish. I'm not going to buy a bunch of lottery tickets for an investment, right?
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Post by michaelameyer on Feb 19, 2016 21:25:32 GMT
By building up / saving up money instead of living pay check to pay check spending money on everything.
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