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. 

Neagle Code Question

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?

Neagle Code Answer

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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