This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
Make your money around the clock, 24/7
It is okay for a minimal supply of your money to be in a liquid account that grants you quick access for emergencies, but even then, you can still put that in a conservative investment account, so it’s still working for you.
Savings Accounts Are Problematic
The issue with savings accounts is that you only make the bank money by leaving it there.
While your money is sitting in a bank account, the banks are doing what you should be doing with your money: investing it.
And banks are doing pretty damn well.
Take some notes from them.
They take people’s money and invest it to make themselves more money.
And it’s working for them! Look at how much capital they have.
When you move your money into investments, you will lose some of it; this is all part of the investment game.
But you have to lose some to win some.
The losses always even out, if you’re patient enough.
The best thing about investing is that, eventually, you always win. It’s not like playing the lottery.
With the lottery, you lose 99.9% of the time, but with investing, you’re constantly winning – as long as you leave the money alone (i.e., long-term investors).
Fear Will Keep You Cash Poor
Every year the cost of living rises.
Most things are constantly increasing in price. Some of you feel it more than others because you’re not investing or saving.
You set yourself up for financial failure when you don’t have any savings or investments.
A person with 100,000 worth of cash has more money than most, but will it last, and for how long?
Not that long. Inflation is going to eat away at that cash.
You can leave your one hundred grand in a bank account or put it in an investment account to earn 10% on it and continue earning 10% or more every year.
ETFs (Exchange Traded Funds)
Some ETFs provide yearly performance earnings that blow 10% out of the water, and some years they go negative, but their averages are usually always positive.
Study the history.
And what’s that saying about history?
Oh yeah, it always repeats itself.
And this has held true in the investing world.
If your money is sitting in a saving account today, consider moving it into investments.
So you can multiply the money you have now without lifting a finger.
Don’t know where to start?
ETFs are a great place to start.
Exchange-traded funds offer you diversity, and you don’t have to manage them actively.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.