035: Your Questions Answered Saturday: Building Wealth vs. Saving

The Danny Randazzo Show: A Podcast All About Money, Mindset, and Investing

Today Kelli Garrett and Danny are answering another listener question, this time about the difference between building wealth and saving money. If you’re a longtime saver, this episode is one you definitely need to listen to!

Do you have a question you’d like us to answer on the show? Leave us a voicemail at (843)790-4245 or email us at media@dannyrandazzo.com and you might feature on our next Saturday episode. And then come chat with us about it on Instagram or Facebook!

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What You’ll Learn from this Episode:

  • The crucial difference between saving money and building wealth.
  • Why so many of our parents taught us that saving money was important, and why that advice should be changed a bit for our current market.
  • What the rule of 72 is, what compound interest is, and why both of them are so important if you want to build wealth.
  • What you can do to build your wealth while making sure you have enough money in your rainy day fund.

Listen to the Full Episode:

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