Question by bigboyd65: What is the best investment for saving money?
Im trying to stop living check to check and im ready to save but my saving account is just to slow.
Best answer:
Answer by MR MONEY
The old pay yourself first rule is always a good one. It’s the best way to become a millionaire (then you’ll definitly not live check to check).
Take 10% of your paycheck (every paycheck) and deposit it into mutual funds. You can try Fidelity or Vanguard (I like the company “American Funds” the best).
Sometimes it is difficult at first to dicipline yourself to this system, but after a few months you won’t even miss the extra money and your investments will have a chance to grow.
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