While saving money provides security and protects resources today, inflation quietly erodes the value of savings over time, creating an enormous gap between savings and investments over 20-30 years; therefore, the more accurate financial message is that saving protects you today while investing builds the life you want tomorrow.
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Saving Versus Investing ExplainedAdded:
So, another message that Anne addressed was saving is enough, right? Cash is king, cash is safe, the market is gambling and therefore unsafe, and you should be careful. The cost of that really is that inflation quietly erodes your savings every year. Over 20 or 30 years, the gap between savings and investments gets to be enormous. And so, we want to rewrite that message that saving protects me today, investing builds the life I want tomorrow. And I think that is such a powerful message.
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