Episode 07 - Saving vs. Investing: Which One Is Right For You?
What's the best way to meet your future financial goals? This week, we breakdown the differences between savings and investment accounts. We'll reveal which accounts are best suited for your goals -- all while enjoying a crisp Riesling.
ο»ΏOur Hosts:
Corinne Foxx - @corinnefoxx
Natalie McMillan - @nataliemcm
What we're drinking: 2014 Chehalem Ridgecrest Vineyard Riesling Sext
INTRO
Natalie goes into detail about her recent furniture-assembling woes and how her brother's assistance lead to disaster. Corinne thanks her boyfriend for his handy furniture-building skills. Corinne recommends Task Rabbit to Natalie. Corinne and Natalie hint at Natalie's recent prison paintings, which will be discussed next week.
TOPIC
What's the best way to meet your future financial goals? This week, we breakdown the differences between saving and investment accounts. We'll reveal which accounts are best suited for your goals -- all while enjoying a crisp Riesling.
In this episode, we discuss:
The similarities between saving and investment accounts
How you can start a savings or investment account
The key attributes of savings accounts
The low risk factor, hitting short term goals quickly, liquidity and loss of purchasing power.
The key attributes of investment accounts
The higher risk factor, fluctuating liquidity, beating inflation.
Our recommendations for the best accounts for your personal goals
Saving accounts -- best for short term goals
Investment accounts -- best for long term goals
END OF SHOW
This week, Corinne and Natalie rate the 2014 Chehalem Ridgecrest Vineyard Riesling Sext against Blake Griffin
2014 Chehalem Ridgecrest Vineyard Riesling Sext : 7/Blake Griffin
To wrap up the episode, Corinne and Natalie play a quick round of More Context. The pair detail their infamous trip to New Orleans and a crazy absinthe trip.
If you have any questions, feel free to DM us @AmIDoingThisRightPod or email us amidoingthisrightpod@gmail.com
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