Should You Save or Invest? The Truth No One Talks About | Ep 7

Make It Personal Podcast

In this episode of Make It Personal, host Mark Zagurski dives into Principle #2 of the Seven Principles for Your Success: Savings vs. Investing: Know the Difference. Picking up from last week’s discussion on leveraging your career as a growth engine, Mark tackles the critical distinction between saving and investing, emphasizing the unique roles each plays in achieving financial security and long-term growth.

Listeners will discover why traditional advice to save 10-20% of income may fall short for most individuals, especially when unforeseen expenses arise. Mark highlights the importance of building a savings safety net for emergencies, such as six months of living expenses, before venturing into investment opportunities. Mark also sheds light on the potential pitfalls of conflating saving with investing and breaks down the risks and rewards of both strategies.

Key takeaways include:

• Saving provides immediate security and flexibility, while investing focuses on long-term growth.

• The importance of building an emergency fund before investing.

• Understanding the real difference between average and actual returns on investments.

• Why saving and investing are complementary strategies—not mutually exclusive.

Packed with actionable insights and real-life examples, this episode equips listeners with the tools to create a balanced financial strategy tailored to their unique needs.

Ready to take control of your financial future? Subscribe to the podcast to stay updated on the remaining principles, and download our free eBook, Seven Principles for Your Financial Success. Your journey to financial freedom begins today!

“Saving provides safety, security, and flexibility for immediate needs, but investing builds wealth over time through growth and opportunity.” - Mark Zagurski

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Investing involves risk, including loss of principal.

This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services, Inc. does not provide tax or legal advice. Please consult with the appropriate professional regarding your personal situation prior to making any financial decisions. Strategies discussed may not be suitable for everyone. Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Mutual of Omaha Advisors is a division of Mutual of Omaha Insurance Company.