Tip Tuesdays: Savings Are for Short-Term Goals; Investments Are for Medium and Long-Term Goals

Keep this one rule in mind and you won’t go wrong in planning for and meeting your goals. Don’t invest for short-term goals and don’t save for medium and long-term goals.

That said, here’s how I define short, medium, and long-term.

  • Short-term: Less than or equal to one-year
  • Medium-term: Greater than one-year but less than or equal to three-years
  • Long-term: Greater than three-years

[sniplet tip tuesdays]

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