Wednesday, April 2, 2014

Where to Stash Your Cash: Long Term {via The Rich Life}

Hey everyone! As you know, I've been contributing monthly to The Rich Life. I want to share that with you, so here's a snippet of today's post! 

We’re finally here – the long term. Remember back in December when I talked about the magic of compound interest, and how it would give us the ability to live the rich life, if only we would hurry up and get to investing? I hope you were picturing yourself, because you’re here, and that time is now.

Most people think of today’s topic – where to put your long-term savings – as the crux of personal finance. And in many ways it is: You’ll certainly have a harder time getting to your worry-free golden years without a 401(k). But you can only do this if you do it right, by first living below your means (something I’ve struggled with), saving cash for an emergency (something I’m still doing), and thinking through your needs.

Got it? Scout’s honor? Okay, then let’s get to it (read the entire article on The Rich Life).

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