Aug 26 (edited) • Daily Wealth Switches
💡 Check your savings account interest rate.
I'm not a fan of banks... like at all.
But we all need emergency funds set aside for when life hits you below the belt.
(i'm referring to your wallet, not your groin. get your head out of the gutter 😆)
Today, most banks pay you 0.01% in a savings account. Don't let your emergency funds sit there while inflation erodes it into the void.
If inflation is 3–7%. That means your money is shrinking while it sits there.
These days, a high-yield savings account might pay you 4–5%.
Just stick your emergency savings in there and earn more.
It's not ideal, but its waaaayyy better than .01%.
- 4% is 39,900% more than 0.01%
- 5% is 49,900% more than 0.01%
👉 If you know of (or have) an account thats offering decent interest right now (compared to .01%) drop it in the comments and let us know.
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💡 Check your savings account interest rate.
skool.com/the-tax-free-wealth-community-2320
Money is broken, Wall Street is a casino, and Uncle Sam loves taxes. This will show you the RIGHT things to do with however much money you make.
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