What are other investments?

Other investments are ways to grow your money besides just saving it in a piggy bank or putting it under your bed.

Imagine you have some coins, and instead of just keeping them all in one place, you spread them out into different piggy banks, each doing something special. These piggy banks could be things like stocks, bonds, or real estate, but let’s keep it simple.

Think of your money as going to a party where there are different games happening at the same time:

• One game might be stocks, like when you buy a piece of a toy factory, and if they make more toys, your coins grow.
• Another could be bonds, like lending your coins to someone who promises to give them back with extra coins later, kind of like a friend who borrows your lunch money and returns it with some candy.

Some people use all their coins for one game, but others spread them out so if one game doesn’t go well, the other games might still do great. It’s like having different piggy banks doing different things, you’re not just saving your money; you're letting it work hard in many ways at once.