• KevonLooney@lemm.ee
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    1 year ago

    You can get a guaranteed return in many ways.

    • US Treasury bonds: if the US government fails you’ll have bigger problems than money. You don’t need to worry about that scenario. You’ll win the lottery first.
    • Pay off a loan: by paying off your principal early you can guarantee that you pay less interest in the future.
    • Buy something that saves you money: if you like cooking, an herb garden will save you a lot of money. If you like sweets, baking equipment will do the same.
      • KevonLooney@lemm.ee
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        1 year ago

        Savings are better than returns because they are legally tax free. A penny saved is worth more than a penny earned.

        • FlowVoid@lemmy.world
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          1 year ago

          Yes, savings are usually better if for some reason you are forced to choose only one. But they are generally used together. A penny saved is worth even more if it is used to generate a return.