Financial advisor and author Ric Edelman says everyone should invest their money

Published: Jul. 26, 2016 at 6:43 AM EDT
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Ric Edelman just re- released his book, "Rescue Your Money" to reflect the current economic challenges.

Whether you're a veteran investor or an investment novice, Edelman says everyone should invest.

He says all you need to do to get started is make sure you put your money where it can earn a competitive rate of return. He says putting it in a bank account doesn't allow that, especially if you consider taxes and inflation.

Edelman suggests investing in mutual funds and exchange trading funds, and he adds that can be done will small amounts of money and with little financial knowledge.