INVEST... If These Scenarios Apply To You

Many people use the terms saving and investing interchangeably because they go hand in hand to ensure financial stability. But saving and investing have many differences.

With rising inflation and uncertain markets, it's important to understand the difference between saving and investing so you can prepare the best financial foundation for yourself and your family.

When You Should Choose to Invest?

1. You’ve paid off high-interest debt Once you pay off high-interest debt, you can look to invest money in stocks, bonds, and other assets.

2. You want to build long-term wealth There is potential for greater rewards when you invest because of a capital appreciation and compound interest. But when you invest, there is no guaranteed ROI.

3. You’re taking advantage of a 401k or IRA Contributing to an employer-sponsored 401(k) or an Individual Retirement Account (IRA) should be your first step in building wealth for retirement.

Do you know when you should be investing? SWIPE UP to read the full article.