Episode 447- Saving vs. Investing: How to Use Both to Build Financial Freedom

In this solo episode, I’m breaking down one of the most important concepts on the path to financial freedom, the difference between saving and investing, and why you need both.

I share how growing up with a single mom and grandmother who were natural savers taught me early lessons about money, and how those habits helped me buy my first condo at 22. But I also talk about how saving alone wasn’t enough, I needed to learn how to make my money work for me through investing.

I walk you through what saving and investing really mean, how they serve different purposes, and how using both intentionally can help you build stability now and freedom later.

In This Episode, I Share:

• How saving creates safety and peace of mind, while investing builds long-term wealth and freedom.
• Why inflation quietly eats away at your savings if you’re not investing.
• My simple rule of thumb, build your emergency fund, pay off debt, invest consistently, and keep saving for short-term goals.
• The real difference in growth; how $10K can become about $10.5K in savings but over $46K when invested long term.

Other related blog posts/links mentioned in this episode:

• Apply to Share Your Journeyer Story, here.
• Join the Journey to Launch Book Club to dive deeper into financial freedom with guided discussions and resources here!
• Get your copy of my book: Your Journey To Financial Freedom
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• Get The Budget Bootcamp
• Check out my personal website here.
• Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast!
• YNAB – Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 34 days trial of YNAB, my go-to budgeting app by using my referral link.
• What stage of the financial journey are you on? Are you working on financial stability or work flexibility? Find out with this free assessment and get a curated list of the 10 next best episodes for you to listen to depending on your stage. Check it out here!

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