meta_pixel
Tapesearch Logo
Log in
The Personal Finance Podcast

If You Keep Saving Your Money You Will Ruin Yourself Financially (For Real!)

The Personal Finance Podcast

Andrew Giancola

Business, Investing, Entrepreneurship

4.71.4K Ratings

🗓️ 15 July 2020

⏱️ 29 minutes

🧾️ Download transcript

Summary

Episode 10: If You Keep Saving Your Money You Will Ruin Yourself Financially  In this episode we cover:  Why Inflation will eat away at your savings  You Can Never Outwork Your Money  How to Make Your Money Work For You What to Invest in  Why It’s Not How Much Money You Make Resources in this episode:  Charts!  M1 Finance Best Place to Invest  Personal Capital Free Wealth Management and Budget App CIT BANK (Best Savings Account) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

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.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Andrew Giancola, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Andrew Giancola and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.