IS IT GOOD TO SAVE MONEY RIGHT NOW? || INVESTING 101 | Low Interest Rates in UK
IS IT GOOD TO SAVE MONEY RIGHT NOW? That is the question right now... You
I can't believe i'm saying this but it may be time to reduce the amount of money you save! The result of low interest rates on UK savings accounts means that we are losing money the longer we keep money in the account doing nothing. Ideally we need to be seeking a return that is higher than inflation in order for our money not to lose value. Please note that I do recognise that we are in pandemic and we may not be able to invest, save, spend money the way we originally planned, but for people that are in a position to try to make sure their money is going as far as it can, it may be a good time to consider investing
*PLEASE NOTE I'M NOT A FINANCIAL ADVISOR*
Please o! Don't take my advice without doing your own research! I'm here to spread knowledge but I don't have all the answers Sway!!
00:00 Stop Saving?
00:45 Why Saving isn't great...
02:00 Understanding Inflation
03:49 Why You're losing Money
04:50 What you Should do instead of Saving
05:40 Before Investing you should...
09:48 What Should we Invest in?
14:40 To learn more about Investing check out my next video
KEYWORDS/KEY PHRASES THIS VIDEO
Should I still be saving?, Unpopular opinion stop saving, low interest savings account, best UK savings accounts 2020, why should I invest 2020, what is investing 2020, why should i invest UK?
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