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