Our friends at Asia Finance – and writer Fiona Ho – have prepared a great infographic that shows why you need to do something with your money and not just leave it in a bank account.
Saving money is great for a rainy day, but if you think you can save your way to wealth, you’re wrong.
Here’s a bitter pill to swallow – you won’t get rich just by saving money. It’s great for a rainy day, but if you think you can save your way to riches, well, sorry, but you’re wrong.
The reason for this is because while saving is an important aspect of personal finance, the act of saving money on its own will merely increase your chances of getting rich though other platforms, such as investing.
To build wealth, you’ll need to do more than stash your cash under your pillow and think of ways to make your money grow. Read on to find out why having a golden egg is nowhere as lucrative as having a golden goose!