All money has one (or two) of these three qualities: safety, liquidity, and growth. Eric shares which types of accounts carry these qualities for your money and why you should have a mix of each quality. What are the benefits and risks associated with each one?
While safety, liquidity, and growth are all attractive, think about what you need most. Eric sees people overemphasize things like growth, but ultimately, subject themselves and their money to unnecessary risk. Instead, focus on what you need to make your plan work.
Here’s what you’ll learn on today’s show:
- What three things your money can do. 0:50
- What options you have with your money. 1:46
- If you have growth and liquidity, what does that look like? 3:15
- With growth and safety, what’s the downside? 5:07
- Do people overemphasize one quality over another? 7:48
If you have any questions about what we discussed on the show or want to follow up with any financial planning questions of your own, get in touch with us and schedule a visit here.
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