Your Path to Financial Success Starts Here
Building wealth doesn't require complicated strategies or large sums of money. With the right approach to saving and investing, you can achieve your financial goals and secure your future. Whether you're just starting your financial journey or looking to optimize your current strategy, these proven methods will help you make your money work harder for you.Smart financial habits begin with understanding the difference between saving and investing. Saving provides security and liquidity for short-term needs, while investing offers the potential for long-term growth. Both are essential components of a comprehensive financial plan that can help you weather unexpected expenses and build lasting wealth.
Frequently Asked Questions
Get answers to common questions about saving and investing strategies.Start by building an emergency fund with 3-6 months’ worth of expenses in a savings account. Once established, consider investing 10-20% of your income for long-term goals like retirement. The key is consistency - even small, regular contributions add up over time.
Money market accounts offer tiered interest rates (currently 0.20% to 1.25% APY at Sunmark) and may include check-writing privileges, while regular savings accounts provide easier access to funds with lower minimum balances.
Once you have an emergency fund covering 3-6 months of expenses, you can begin investing for long-term goals like retirement, home ownership, or education expenses through Sunmark's Wealth Management services.
A financial advisor will work with your to assess your goals, timeline, and comfort with risk to build a portfolio designed around your unique needs.
At Sunmark, you can start with as little as $500 for share certificates or $1.00 for IRA accounts. For full investment advisory services, minimums vary. The key is consistency rather than the initial amount.
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Ready to Build Your Financial Future?
Your financial goals are within reach. Our team of experts is here to help you develop a personalized saving and investing strategy that fits your lifestyle and objectives.
