Wes Moss, among others, was recently interviewed by Reader’s Digest. Here is what they say people skillful in managing their money will never declare.
—
“Saving and investing are the same”
These two words are used to describe what people do with money they’re not actively spending, but they are entirely different actions. And while they both have their benefits, money professionals are more invested in, well, investing.
“Money professionals understand that their savings have to be invested in order to have the potential for compound growth,” says Wes Moss, Certified Financial Planner and author of You Can Retire Sooner Than You Think. Savers have a fear mentality, stash their money away in the bank, and never really get momentum from their assets. Investors, on the other hand, have their assets invested in areas that, over time, have produced high single-digit or low double-digit annual returns.
Read the full article, 15 Things You Won’t Hear Money Experts Say, on Reader’s Digest.
This information is provided to you as a resource for informational purposes only and is not to be viewed as investment advice or recommendations. This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. This information is not intended to, and should not, form a primary basis for any investment decision that you may make. Always consult your own legal, tax, or investment advisor before making any investment/tax/estate/financial planning considerations or decisions. The views and opinions expressed are for educational purposes only as of the date of production/writing and may change without notice at any time based on numerous factors, such as market or other conditions.
