Investing your money is important, regardless of what your end goal is. These days we all need to invest our money in order to maintain our buying power and beat inflation.
Historically, economists advised people to put their money in the bank as opposed to saving cash, as their belief was that your money will earn interest in the bank as opposed to cash, which may maintain its Monterey value, but eventually will lose money as its value will not grow to cover inflation.
However, these days putting your money in the bank has an equally detrimental effect. Inflation is high, and whilst you may gain some interest on your money over time and your asset will superficially go up in value, your buying power will decrease because inflation will wipe out any gains.
So, whether you want your wealth to grow, or you’re in need of a little extra income, now is the time to consider investing your money if you want to see it grow.