Investing is basically putting your money into a business or asset in the hope of a financial return. It is one of the best ways to build wealth and save for your financial goals if you haven’t inherited it. Investing as soon as possible can help you get a head start. Learn more about why it makes sense to save money. We introduce the magic triangle of investing, simple and compound interest, and other the investment basics. When investing remember that diversification is key to safety.
Saving & Investing
Self Learning
Reflect saving and investment:
- Do you have a savings account?
- How familiar are you with the relationship between risk and return?
- Do you know the most common financial assets to save and invest?
Think about your financial needs. What are your priorities? Financial return? Security? Flexibility? Think of the relationship between risk, return, and liquidity.
Test
If you had $1000 in a savings account and the interest rate was 2% per year, compounded annually, how much would you have after 5 years?
Great! Why not learn more about the importance of financial literacy?
If you’re not quite ready yet, learn more about the importance of financial literacy.
If you’re not quite ready yet, learn more about the importance of financial literate.
In Real Terms
External IFrame Content
This IFrame contains external resources. The provider may be collecting information about your interaction with this content by using cookies and may use this for targeting their offers. Please accept cookies in order to show the IFrame.
Next levels in your learning journey
Risk Protection & Insurance Literacy
Learn more about risky situations in your everyday life, how to deal with risks, and the consequences of risky behavior.
Sustainability
Learn more about sustainability, which considers the needs of present generations, without compromising those of future generations.
Digitalization
Digitalization opened doors, not only for advancement and comfort, but also for dangers.
Introduction
Financial literacy is a tool to acquire knowledge and skills needed to make important financial decisions.
Consumption
Learn more about planning a purchase, dangers of over indebtedness, the tips and tricks of advertising, your consumer rights, and obligations.
Budgeting
One skill that is often overlooked but is crucial for financial wellbeing is budgeting.