The Problem of Stagnant Savings

 

  • Series 3 
  • "Your Money Is Just Sitting There? The Third Cure: Make Thy Gold Multiply"

  • Problem: You've successfully saved 10% of your income, but it's just sitting in a savings account, losing value to inflation. It's not growing.

  • The Solution (from the Book): "Make Thy Gold Multiply." The book tells the story of a man whose savings grew because he put it to work, so it could "labor for him" and "beget its own kind."

  • Modern Application: This post will introduce the concept of investing in simple terms. It will explain what an index fund is, why it's a good place for beginners to start, and how to use modern investment platforms. The focus will be on getting started, not on becoming a day trader.

  • Takeaway: "Your money is a soldier waiting for orders. Give it a mission to go out and earn more money for you."

  • Call to Action: "Open a no-fee brokerage account this week and invest your first small sum. What investment are you most interested in learning about?"

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