S3E122: How to Go From Saving Money to Investing

Wondering how to start investing when you've spent your entire life learning how to save money?

You work hard. You pay your bills. You put money in the bank.

You've followed the rules of financial responsibility.

But here's the question: Is saving money actually making you wealthy?

Most people believe that if they save enough money, financial security will eventually follow. But Rich Dad investing expert Andy Tanner argues that saving and building wealth require two very different ways of thinking.

In this episode of Rich Dad Stockcast, host Del Denney sits down with Andy to explore why so many disciplined savers struggle to become confident investors.

Andy shares a personal story about a wealthy mentor who challenged him when he was young. He thought he wanted to be rich, but his mentor saw something entirely different.

That conversation changed the way Andy thought about money.

Years later, Andy and his wife reached a major savings milestone. They had done everything they were supposed to do financially.

But Andy discovered that reaching a savings goal wasn't the same as learning how to create wealth.

So what separates someone who accumulates money from someone who knows how to make money work for them?

And what should you understand before putting your hard-earned savings into stocks, options, real estate, or other investments?

Andy challenges conventional advice about saving, explains why fear can keep people from taking the next step, and shares what he believes every beginning investor should focus on first.

With inflation continuing to challenge purchasing power, understanding the difference between saving and investing matters more than ever.

You don't have to gamble your savings to become an investor. But you do have to develop skills that saving alone won't teach you.

🎯 Visit https://bit.ly/3JsRdmj for access to FREE investing tools, including Andy's "Power of 6" ebook.

00:00 Savers to Investors
02:11 Click and Get Paid
05:21 Consumer Saver Investor
10:40 Discipline and Creativity
16:29 Inflation and Asset Classes
20:00 Education and Jargon
25:02 Cash Flow Basics
27:26 Weekly Action Plan
29:00 Final Takeaways

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