Is It Good to Save Money?
This week's question from my portal “The Neagle Code: Directions for Life” comes from someone who wishes to remain anonymous.
Hi David,
I’ve heard you say money is currency, and it’s not meant to be held onto forever. So I was curious, how do you pair that mindset with saving money, diversifying, and investing? Those things are important too, right?
I don’t “save” money. With everything I do, I invest money. My money’s moving all the time. For the most part, my money is in a place where it’s doing some kind of good. It’s being put to work for me.
I invest in things that will grow myself, and/or my business—things that will pay off either immediately or at some point in the future.
I don’t hang on to money from the aspect of being afraid that I won’t have any.
That thought doesn’t ever cross my mind. I know that I can always make more money if I need it.
As far as diversifying and investing your money into different things, I think that’s an intelligent thing to do, for sure.
Sound financial principles are about growing your money, preserving the principle, and putting it to work for you.
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