Where Should I Invest My Money?

So you've finally saved some money and are shocked that it only earns .1% interest per year at your local bank? Don't be. Interest rates are at all time lows right now plus there is zero risk involved in letting your money sit at a big bank that is FDIC insured. The problem is that the cost of living goes up every year and it rarely goes up as little as .1%. So you are actually losing money every year it sits there because its value is declining. So what do you do?

The best thing to do is to take inventory of what your goals in life are. Do you want to learn a new skill? Invest in your education. How about your own business? Maybe you have a passion for something that interests you and you have learned it can make some money? How about the stock market or real estate? These are some of things that are the foundation for your financial security and growth of your future income. The options are endless but they all involve risk and effort. So don't put all your money in one basket and take your time.

Keep a savings account, a checking account and build that retirement account but also expand into other areas. In the end we all want our golden years to be the best years of our lives.