Make Your Money Work for You!
The recent banking problems highlighted an important question. How much money are we giving up by holding large cash balances? Banks are still paying minimal/no interest while risk-free interest rates are at 5%.
Instead of moving to a larger bank for perceived higher protection, consider staying with your local bank, keeping your balance below $250,000, and taking advantage of 5% interest rates outside your bank. It takes very little time to set-up, lowers your risk, and you always have immediate access to your money.
Make $500 per year on $10,000, $5,000 on $100,000, and $50,000 on $1,000,000, while setting yourself up for long-term success.
If you’d like help making your money work for you, feel free to reach out to me.
(410) 900-0005