A beginners guide to investing doesn’t have to be complicated or difficult to understand. But, it can sure make the decision to invest a little easier and give you a basic understanding of what is what when investing your money.
Does your idea of investing involve an old coffee can with a slit in the top or a cute little pink piggy bank that oinks when you insert a quarter? That was okay when you were eight years old, but now that you have an eight-year-old, it might be time to start thinking about what to do with your money to help secure a future for yourself in your old age and your children as they mature.
First of all, that piggy bank is a way of saving money, not investing money. Saving money means you let it accumulate by your own hand; in other words, you make it and you put some away. There is definitely nothing wrong with that. Too many of us dont have enough savings to do much with, but if you want to really make your money grow, you need to invest it that is, put your money in places where it will grow even without your having to break your back to add more to it. That is the difference between saving and investing money in savings accumulates...
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