7,000 Years to Double Your Money at 0.01% Interest

Did you know IF your money is parked in a bank account earning 0.01% interest, it would take you thousands of years to double it?

Seven thousand years 😎

The math is catastrophically ludicrous and total shit.

Banks love savers because they can take your money and invest it and earn exponentially more on THEIR returns while you’re happy with your money staying safe in your FDIC insured savings account at basically ZERO PERCENT INTEREST.

Now let’s look at what happens if you shifted the interest rate slightly.

If you’re stuck on keeping your money in the bank, at least look for something above 0.4%.

If you go the 0.4% route and you’re still stuck at 180 years to double your money. We’re not living that long yet, though, plus who wants to wait that long?

Some banks appear more “generous” and offer 4–6 percent at times, with these rates, you can easily double your sum after a decade, which is more typical based on the average investor returns. But these rates are less common.

Want to double your money faster? That requires riskier investment classes paired with education, so you don’t lose it all.

People Scared to Lose Money, Lose More

Ironically, a person who fears the market ends up losing more money than they imagine.

They’re money never grows.

Instead, it stagnates and burns (literally).

So what do you do if you’re scared or just too lazy to enter the investor landscape

You make the leap because if you don’t you most certainly won’t be wealthy, you don’t want financial freedom, and if you say you do, you’re lying to yourself.

You CANNOT build wealth by saving.

Period.

One of the best methods to build wealth is to keep your money invested and working for you around the clock instead of allowing it to sit around and do nothing.

“Idle hands are the devil’s work” applies to your money, too.

If you leave your money idle, your money literally burns in hell and disappears.

You’re going to lose money if you invest. You’re going to lose money if you save. The good thing about investing is that the wins often outweigh the losses when you make informed decisions.