Investing is about don’t play it safe
April 12, 2020
“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” – ROBERT G. ALLEN
Investing is all about making money, and that’s pretty tough to do if you’re afraid to venture off the safe path. As a successful businessman who also enjoyed a brief stint in the U.S. House of Representatives, Allen wasn’t afraid to take chances. The bottom line is if you’re trying to build wealth, you can’t afford to keep all your funds in savings accounts that are barely earning interest. To make money, there is some risk you will need to take on (only you can decide how much you can tolerate). After all, when there’s no risk, there’s no reward.