Do lots of people just support themselves solely through a traditional job and its salary, or do more people eventually turn towards other methods such as the stock market?

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Posted by Yu Zheng (MONEY FORUMS: 4, Answers: 1)
Asked on March 15, 2016 10:21 pm
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If you rely solely on your salary, and save your money on a savings account, with the low interest rates at the moment, your money won’t grow much. Some savings accounts even have lower rates than inflation, meaning you are losing purchasing power.
Turning to the stock market is only one in several ways to invest, and try to make your savings grow. You can get higher returns, but the risk is also higher.
You can find several savings calculators online to see the difference between investing your monthly savings at 1% or 5%, and how your nest egg would grow over time.

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Posted by Pauline Paquin (MONEY FORUMS: 0, Answers: 7)
Answered: March 19, 2016 11:51 am