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Money mindset
Inflation, compound interest and being smart with money.
Beginner5 lessons
Lessons in this chapter
- 1Inflation & savingMoney in a savings account feels safe, but inflation quietly nibbles away at it. That's why people invest.5 min read
- 2Compound interestThe most powerful idea in investing: returns on your returns. The earlier you start, the bigger the snowball effect.6 min read
- 3Budgeting: 50/30/20Before you invest, there has to be money left over. The 50/30/20 rule is a simple way to get a grip.5 min read
- 4Emergency buffer firstYou invest with money you can do without for a while. That's why an emergency buffer always comes first.5 min read
- 5Risk vs. rewardMore expected return almost always means more risk. Understand that balance before you jump in.6 min read
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