Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    From $11.99/month after trial. Cancel anytime.

    Saving is Defense: Investing is Offense: Financial Freedom, #161
    Saving is Defense: Investing is Offense: Financial Freedom, #161
    Saving is Defense: Investing is Offense: Financial Freedom, #161
    Ebook86 pages1 hour

    Saving is Defense: Investing is Offense: Financial Freedom, #161

    By Joshua King

    ()

    Read preview

    About this ebook

    It's tough to beat inflation if you only save your money. Inflation and price gouging will overtake your savings fairly quickly.

     

    Every great sports team has good offense and defense. Saving is part of your defensive game plan.

     

    Investing is when you go on the offensive. You don't know what will happen in the future, but cash flow can solve most problems.

     

    Only you can decide how much to save and invest; it's a personal decision. However, don't stay on the sidelines too long. 

     

    You must start investing as soon as possible to harness the full power of compounding. Good Luck!

     

    LanguageEnglish
    PublisherJoshua King
    Release dateJun 14, 2023
    ISBN9798223089919
    Saving is Defense: Investing is Offense: Financial Freedom, #161

    Read more from Joshua King

    Related to Saving is Defense

    Titles in the series (100)

    View More
    View More

    Related ebooks

    Investments & Securities For You

    View More
    View More

    Related podcast episodes

    Related articles

    • UNLIMITED

      How To Be An Investment Boss

      Apr 14, 2021

      For me, the fear of losing $50 is far greater than the joy of winning $50. It probably explains why I don’t gamble. Why am I so afraid of losing money? Well, it all comes down to what behavioural economists call loss aversion, when losses loom larger

      4 min read

    • UNLIMITED

      Baby Boomers Have Financial Superpowers

      May 8, 2018

      Albert Einstein is credited with saying that compound interest is "the most powerful force in the universe." I would add that education, combined with the miracle of compounding, may be the real power we are seeking. Who can have this superpower?

      3 min read

    • UNLIMITED

      Don’t Bank On A Lender Letting Your Debt Prescribe

      Apr 17, 2021

      LAST week we zoomed in on the effects of compound interest and how great earning compound interest is. Paying it is where the real pain is. Most credit lines are compounding debt, and if you default and eventually stop paying altogether, you may find

      3 min read

    • UNLIMITED

      Build The Perfect Portfolio

      Mar 31, 2021

      Build The Perfect Portfolio
      5 min read

    • UNLIMITED

      All About Compound Interest

      Mar 4, 2020

      All About Compound Interest
      2 min read

    • UNLIMITED

      For Real Financial Security, Do NOT Do What Everyone Else Is Doing

      Apr 5, 2022

      If you were to characterize the perfect investment, how would you describe its features?  You most likely are describing something that doesn’t exist –  a financial unicorn that, if it actually did exist, would do away with all other financial produc

      5 min read

    • UNLIMITED

      5 Strategies for Retirement Immunity Despite Coronavirus Crisis

      Mar 30, 2020

      Less than a decade ago, I used to drive from Philadelphia up to northern New Jersey for client meetings. I would print my directions off of MapQuest and do my best to stay on course. I would inevitably get lost or end up on a detour somewhere aroun

      5 min read

    • UNLIMITED

      Make Your Money GO FURTHER!

      Aug 31, 2023

      Dream of travelling one day, or swapping your sensible car for something sportier – but don’t really have a financial plan for making it happen? You’re not alone. Women are often brilliant at saving money, but less likely to invest it. One million mo

      4 min read

    • UNLIMITED

      Are Premium Bonds For You?

      Aug 17, 2021

      Are Premium Bonds For You?
      3 min read

    • UNLIMITED

      Financial Advice for Millionaires: 5 Strategies for 2022

      Feb 7, 2022

      For decades my firm has helped retirees preserve and help protect their wealth and leave a legacy. In these tumultuous times, here are some potential retirement and estate planning strategies for you to learn more about: Our government currently has

      4 min read

    • UNLIMITED

      WHERE TO INVEST $10k

      Oct 28, 2020

      When I look back on the most popular Money stories of 2020, there are three themes that stand out. Any story that fell under the Covid-19 tag is the frontrunner. And the most popular coronavirus stories can be split into two: anything to do with JobK

      1 min read

    • UNLIMITED

      7 Myths About Variable Annuities: Exposing Their Dark Side

      Jul 31, 2018

      One of the most misunderstood investment strategies I've come across over the past 25 years is the variable annuity. When I audit existing variable annuities, I get the facts about them by calling the insurance company directly rather than the broker

      8 min read

    • UNLIMITED

      Set Yourself Up For Retirement

      May 26, 2022

      Property investment can be a great way to generate income for your retirement. Executed well, it can provide a full-time income for you, either from the rent or taking out a loan against your portfolio. The best thing is you don’t have to wait until

      3 min read

    • UNLIMITED

      Money Matters

      Oct 4, 2022

      If you have savings, you’ll want to make sure the cash is working hard and growing to build for you and your family’s future needs. Although interest rates have crept up on savings accounts, the earnings do not match inflation, meaning your cash is

      2 min read

    • UNLIMITED

      3 Great Reasons Why You Should Start Saving Early

      Oct 21, 2019

      Our clients often ask "How much do I need to save this year to be on track for retirement?" Obviously, there are a lot of variables that go into answering that question: retirement spending, assumed rate of return, pensions and Social Security to nam

      3 min read

    • UNLIMITED

      Q&A

      Sep 30, 2020

      QI’m wondering where to move some of our cash, which is in our offset account, along with our monthly savings. While I appreciate the safety and guaranteed rate of return, it doesn’t seem to be the best way to grow this money into something more mean

      8 min read

    • UNLIMITED

      Dear Millennials, Learn from Boomers' Massive Money Mistakes

      Apr 13, 2020

      Dear, dear millennials. We get it. We messed up. We told you that if you got a college degree, and especially a graduate degree, you'd be set. You'd advance in your career, make a good living and probably do better than we did. That was our hope, a

      4 min read

    • UNLIMITED

      6 Ways Investors Can Seize the Moment During the Pandemic

      May 20, 2020

      These are anxious times for investors -- both young and old. For younger investors, who've been happily watching their savings grow during an 11-year bull market, this may be their first time experiencing a crash and the accompanying fears of a rece

      4 min read

    • UNLIMITED

      Small Financial Changes to Help Build Your Wealth Faster

      Mar 26, 2020

      Developing and practicing good financial habits early in life, such as investing in a 401(k) or prioritizing your financial goals, will lead to building your wealth more efficiently and a large nest egg later in life. Strong and consistent financial

      4 min read

    • UNLIMITED

      Financial Wellbeing

      Jan 20, 2022

      Financial Wellbeing
      2 min read

    • UNLIMITED

      7 Tips for Retirees to Help Ride Out Market Turmoil

      Apr 30, 2020

      As Kiplinger readers know, the investment landscape changed overnight with the recent outbreak of the COVID-19 pandemic and its devastating impact on vast swaths of the global economy. As stock prices plunged and interest rates fell to historic lows,

      4 min read

    • UNLIMITED

      7 Golden Rules for Investing and Advanced Estate Planning

      Oct 12, 2018

      We've seen this movie before -- sky-high stock prices, sky-high real estate prices and the Fed raising interest rates. We also saw how those times ended in 2001 and 2008. At this point, my clients are looking to preserve and protect their wealth, so

      4 min read

    • UNLIMITED

      5 Ways to Help Your Finances Recover from Coronavirus

      May 11, 2020

      There were warning signs that the stock market might falter this year ... but, let's face it, there are always warning signs. Most people expected volatility surrounding the presidential election. And we knew that record-setting bull run couldn't la

      4 min read

    • UNLIMITED

      Read This Before Investing Another Cent

      Aug 5, 2023

      If you intend putting your hard-earned cash in a savings or investment scheme, there are a few basics you have to know. They’re pretty simple, and are things that children should be taught in primary school. You probably know them, but I worry that,

      3 min read

    • UNLIMITED

      6 Money Myths Busted

      Jun 3, 2022

      Send suggestions for topics and requests for info to [email protected]. We may answer your questions in this column but won’t reply personally. WE’VE all made mistakes when it comes to money – and sometimes it’s because we believe things we should

      3 min read

    Related categories

    Reviews for Saving is Defense

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Saving is Defense - Joshua King

      Table of Contents

      MILITARY FAMILY INVESTING | Joshua King | Home of the Free PDF

      Saving is Defense

      All Right Reserved Military Family Investing | 01  Saving is Defense: Investing is Offense

      02  High-Yield Savings Account: Year in Review 2022

      03  The Six Types of Income Investing

      04  Are You a Spender or a Saver?

      05  Saving & Investing 101: What is Your Risk Tolerance?

      06  Roth IRAs vs. HSAs

      07  Getting Rich is a Team Sport

      08  The Magic of CD Ladders

      09  Welcome to the T.I.C.E.S. Society

      10  What I Learned From Having Tenants for 10 Years

      Try Something New -Free PDF Download

      Sign up for Joshua King's Mailing List

      Also By Joshua King

      MILITARY FAMILY INVESTING

      Joshua King

      Home of the Free PDF

      www.militaryfamilyinvesting.com

      Saving is Defense

      Investing is Offense

      01  Saving is Defense: Investing is Offense

      02  High-Yield Savings Account: Year in Review 2022

      03  The Six Types of Income Investing

      04  Are You a Spender or a Saver?

      05  Saving & Investing 101: What is Your Risk Tolerance?

      06  Roth IRAs vs. HSAs

      07  Getting Rich is a Team Sport

      08  The Magic of CD Ladders

      09  Welcome to the T.I.C.E.S. Society

      10  What I Learned From Having Tenants for 10 Years

      Free PDF Download

      1)  PDF of the Month: Don’t Gamble with Retirement 10 (Free 419-Page PDF)

      2)  Free PDF Downloads: Download FREE PDF LIST here

      3)  Financial Mindset: Become CEO of Yourself 2 (Free 196-Page PDF)

      4)  Retirement Planning: Your Retirement Planning Guide 2 (Free 255-Page PDF)

      5)  Investing: How We Plan to Retire on Dividends 4 (Free 139-Page PDF)

      6)  Cryptocurrencies: Counting on Crypto 2 (Free 159-Page PDF)

      7)  Real Estate: Financial Independence through Real Estate 4 (Free 112-Page PDF)

      8)  Business: Retire Rich, Retire Comfortable with a Business 4 (Free 149-Page PDF)

      9)  Latest DGWR: Don’t Gamble with Retirement 10 (Free 419-Page PDF)

      10) Everything!: The Biggest Book on Passive Income Ever 3! (book)(Web Edition)(Art Edition)

      11) Writer’s Comparison: M1 Macbook Air vs. GalaxyBook3 Pro 360

      12) Read My Books for Free: Free Kindle Books Schedule

      13) Book Design: Design Tips on YouTube

      14) Kindle Unlimited: Why I Finally Subscribed Kindle Unlimited (learn more)

      15) Book Reviews: 505 Takeaways from 101 Books (pdf)

      16) Writing: The Publishing Chronicles (Part 1, Part 2, Part 3, Part 4, Part 5)

      17) Best REIT- Fundrise: Fundrise vs. US Treasuries (Join Fundrise)

      18) Follow us: On our Facebook Page and Join our Facebook Group

      19) Support the Channel on Cash App: $Kingmarine1981

      20) For more detailed analysis, join my Youtube: MFI YouTube Channel

      ––––––––

      PDF of the Month: Don’t Gamble with Retirement 10 (Free 419-Page PDF)

      Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it.  I have no business relationship with any company whose stock is mentioned in this article.

      All Right Reserved Military Family Investing

      01  Saving is Defense: Investing is Offense

      Do you know the difference between saving and investing? What is the difference between having $100,000 in a high-yield savings account (HYSA) and $100,000 in an income investing portfolio?

      Once they get out of credit card debt, most people become savers. Saving comes naturally because you have complete control of your money—there are no risks.

      Saving over the long run. If you only save, prepare to be disappointed over your lifetime. The main reason is that inflation will eat away at your nest egg yearly.

      Happy Cash Flow Retirement 6

      There is a simple reason why savings will always underperform inflation—the Federal Funds Rate (FFR).

      The Federal Reserve sets the Federal Funds Rate based on economic and inflation data. Most of the time, the FFR is below the prevailing inflation data.

      For example, when inflation was at 2%, the FFR was 0%. The FFR is at 5% today, but inflation is between 6-8%.

      The interest rate on your HYSA derives from the FFR. Therefore, by every metric, your savings account will always trail inflation.

      Looking beyond inflation. Inflation is only one data point you need to consider. We also live in a capitalist society, meaning anything can explode in price.

      Five Takeaways from How to NFT

      We can look at healthcare and college tuition as expenses that have outpaced inflation and, therefore, your savings account.

      The housing market has also seen a massive run-up after the pandemic. There is too much going on to move in the slow lane

      Enjoying the preview?
      Page 1 of 1