this post was submitted on 04 Nov 2023
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[–] [email protected] 2 points 10 months ago (1 children)

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.
[–] [email protected] -1 points 10 months ago (1 children)

The first is not guaranteed, the others are savings not returns.

[–] [email protected] 1 points 10 months ago (1 children)

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

[–] [email protected] 0 points 10 months 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.