Earning, Spending, Saving, and Investing: The Four Things You Do With Money

Every, dollar, that, comes, into, your, life, goes, into, one, of, four, buckets:, earning,, spending,, saving,, or, investing., Mixing, these, up, is, a, costly, mistake, many, people, make., Earning, is, trading, your, time,, skills,, or, business, ideas, for, money., Think, paychecks,, freelance, work,, or, side, hustles., Spending, is, using, money, for, things, you, consume, now,, like, rent,, food,, or, a, night, out.

Saving, means, setting, money, aside, somewhere, safe, and, easy, to, access., You, usually, do, this, for, short-term, goals, or, emergencies., A, basic, savings, account, is, built, for, that,, not, for, growth., Investing, is, when, you, put, money, into, assets, like, stocks,, index, funds,, or, real, estate., You, expect, these, to, grow, over, time,, but, you, have, to, accept, the, risk, that, they, could, also, lose, value.