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Money Girl

How Do Wealthy People Invest Money?

Money Girl

Macmillan Holdings, LLC

Investing, Education, Business, Entrepreneurship, How To

4.61.8K Ratings

🗓️ 6 September 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

Laura answers a listener's question about how to invest extra money the way wealthy people do.

Transcript

Click on a timestamp to play from that location

0:00.0

It's Finance Friday, another special edition of Money Girl where I answer your burning money questions.

0:11.0

Today's topic comes from Sarah, who says, I'm starting my first real job with benefits soon and I should have a little money left each month to start investing.

0:21.0

I want to make it grow as fast as possible. My question is, how do

0:25.0

wealthy people invest their money? Thanks so much for your question, Sarah.

0:30.1

While you can invest money in endless ways, I'm going to review the best place wealthy people grow their money and so can you.

0:38.0

Welcome back everyone. Thanks for joining me on episode 859. I'm Laura Adams an award-winning author, finance

0:45.7

spokesperson money speaker and founder of the Money Stack newsletter and I've

0:50.4

been hosting the Money Girl podcast for many years with 43 million downloads.

0:55.3

If you're getting value from the free content we love creating here,

0:58.8

consider submitting a five-star rating or review where you're listening.

1:02.4

Maybe it's Apple Podcast or Spotify. star rating or review where you're listening.

1:02.5

Maybe it's Apple Podcast or Spotify.

1:05.0

And if you have a question you'd like me to cover,

1:07.2

leave it on our voicemail at 302, 3640. 308.

1:12.6

You can also send an email and sign up for the free money stack

1:16.6

newsletter when you visit Laura D Adams.com.

1:20.3

Sarah, I really appreciate your question, I want to recommend that before you do anything

1:26.7

with your extra money that you know its purpose, for instance, should you save it for emergencies or significant purchases you want to make within a year or two?

1:37.0

Maybe it's a car or some other goal that you have?

1:41.0

That's essential for managing hardships like losing your job or paying for

1:46.3

unexpected out-of-pocket medical bills. Your emergency savings should never be

1:52.2

invested that's why it's called savings. You don't want to

...

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