When it comes to building wealth, billionaire Mark Cuban’s advice might surprise you. He says you should stop focusing on saving and start aggressively investing your money. While having an emergency fund is important, Cuban argues that leaving cash in a savings account is essentially leaving money on the table.
Even if it happens to be a high-yield savings account with an above-average annual percentage yield (APY), it won’t keep up with inflation and could cost you thousands over time. Instead, Cuban recommends putting your money to work by putting your money in stocks, real estate and alternative assets. Here’s why saving alone won’t make you rich, and how smart investing strategies can help you build long-term wealth.
