Saving money can be done with a combination
of living frugally, investing excess funds into a high-yield CD, getting
into the stock market and investing in a 401k retirement plan. Save up a
nest egg to fall back on in times of need with money advice from a
registered financial consultant in this free video on personal finance.
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Video Transcript
This is financial advisor Patrick Munro talking about how to save
money. There are may ways to save money, of course you can save on
expenses as one of the first places to do so. Live frugally, live within
your means, and because you have done so you've saved money. If you do a
good job with that, then of course, start looking at ways to invest the
excess from your income that you've managed to do. Because you have an
excess you've managed your liabilities and your bills. How to save money
you can put it into fixed accounts, certificates of deposit, money
market accounts, these are very safe investments. And if you want a
little more risk you can go into the stock market. If you go into the
stock market you will have more risk, it depends on what kind of stocks
you buy. And make sure you work with a qualified financial advisor if
you're going to go down this pathway. There are different ways to save
money, but the key is try to save something. Because if you do and the
power of interest kicks in you will definitely benefit going forward.
This is Patrick Munro talking about how to save money
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