If You Keep Saving Your Money You Will Ruin Yourself Financially (For Real!)
The Personal Finance Podcast
Andrew Giancola
4.7 • 1.4K Ratings
🗓️ 15 July 2020
⏱️ 29 minutes
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| 0:00.0 | On this episode of the Personal Finance Podcast, we're going to talk about if you keep saving your money, |
| 0:05.6 | you're going to ruin yourself financially. What he's up there? What is up everybody and welcome to the personal finance podcast. I'm your host |
| 0:29.2 | Andrew founder of Dollar After Dollar.com and today we are on fire because this is a major topic |
| 0:36.7 | that every single person needs to understand because if you keep saving your |
| 0:41.9 | money you're gonna to go broke. |
| 0:43.0 | And that sounds like a click bake title, |
| 0:45.0 | and it's actually not. |
| 0:46.0 | We're going to go through it and explain why that is. |
| 0:49.0 | But a lot of people think that they have to just keep saving their money and shoving it in a savings |
| 0:55.1 | account to be able to build wealth. And a lot of people think investing is risky or investing |
| 1:00.6 | is a gamble. And I'm going to show you exactly why it's not and exactly |
| 1:04.2 | what's going to happen to your money if you don't invest it and there's too many |
| 1:08.4 | people in this world that just don't understand how their money works and it's |
| 1:12.0 | really why personal finance should be taught in every middle |
| 1:14.9 | and high school across America, because if you continuously just save and save and save, you're |
| 1:20.6 | going to destroy yourself financially. |
| 1:23.0 | You truly are. |
| 1:23.7 | It's not a pretty picture. |
| 1:25.0 | You can save a massive amount of money. |
| 1:28.0 | And if you don't do anything with it, |
| 1:29.3 | if you don't allow your money to work for you, |
| 1:31.8 | you will end up broke extremely quickly if you decide to retire. |
... |
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