Is Soft Savings A Scam?

How can you save money without affecting your quality of life? This is the question everyone would like to know, and Gen Z thinks they have the answer! But will the new soft savings trend actually work, or is it... a scam?

In this video I answer questions about soft savings and how it differs from traditional savings, or "hard" savings. Overall, I rank this trend as a dud and believe those who buy into it will be setting themselves up for trouble when it comes to retirement later on down the line! Instead, I recommend 10 things you can do right now to save and invest real money for real life needs. Watch to find out!

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Timestamps
0:21 - What is soft savings?
0:52 - 3 current soft savings strategies
2:05 - Why soft savings is a scam
3:40 - The 10 things you should do if you want to save real money
7:02 - Final thoughts on traditional investing and life balance

#savingmoney #savingmoneytips #personalfinance

Chisholm Financial Planning & Investments is owned by Jenny Logan and is a registered investment advisory firm regulated by the Securities & Exchange Commission in accordance and compliance with US securities laws and regulations. Chisholm Financial Planning & Investments does not render, or offer to render, personalized investment or tax advice through any videos or other content on any social media platform to include YouTube. The information provided in these videos is provided without compensation and for informational and educational purposes only and does not constitute financial, tax, investment, or legal advice.

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