Phone: (0) 703 731 3398

saving money in a bank / 1 posts found

Saving Money

Saving Money Makes No Sense

by IAF
Comments are off for this post.
In this video I review  a great article on my favorite author Robert Kiyosaki from his popular website richdad.com The article’s title is Debt Trumps savings. The article debunks one of the most sacred cows out there and that is saving money. Now don’t get me wrong saving is good for immediate expenses and you will definitely need and emergency fund. It is definitely prudent to have at least 6 months to 8 months worth of liquid cash to cover all your monthly expenses. But after that point it really makes no sense to save cash. The Magic of compounding […]