When you leave your money in the bank everybody and their mother is putting your money to work except you. The bank lends out your money (with interest) because they know unlike you that money can’t produce anything sitting idle. Just like you cant gain growth in muscle without exercise. The market is the gym for your money that comes with no guarantees for growth but with continued attendance over time can yield rewarding results. Don’t let your money be lazy sitting in a bank account. 10k in a High yield account of 5% is $500 dollars. So the simple question is could you have made more than $500 anywhere else from that same 10k you loaned to the bank for 365 days.🤷🏾♂️ $500/365days =$1.37/Day end of year credit
Richard Chungong Jr’s Post
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Do you get paid cash or receive tips? Here is a tip for you to get in the habit. This will help you when you are ready to purchase a home. Deposit your earnings into a bank account so lenders who use bank statements can get an idea of your income on a more consistent timeline. Without a way to track earnings, lenders will be hesitant to loan you the money. Follow me for more tip Tuesdays!
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Online Marketing Specialist at Self Employed.affiliate speciallist.open to new connection.
Get your savings box now: https://lnkd.in/ePMZvrbj Banks hate this money savings trick This is a perfect way to start saving for vacations, summer events, and so much more! By breaking down your savings goals into manageable steps, every deposit brings you closer to where you want to be.
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Online Marketing Specialist at Self Employed.affiliate speciallist.open to new connection.
Get your savings box now: https://lnkd.in/ePMZvrbj Banks hate this money savings trick This is a perfect way to start saving for vacations, summer events, and so much more! By breaking down your savings goals into manageable steps, every deposit brings you closer to where you want to be.
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Online Marketing Specialist at Self Employed.affiliate speciallist.open to new connection.
Get your savings box now: https://lnkd.in/ePMZvrbj Banks hate this money savings trick This is a perfect way to start saving for vacations, summer events, and so much more! By breaking down your savings goals into manageable steps, every deposit brings you closer to where you want to be.
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Consultant in E-Governance | Application Support Specialist | Virtual Assistant (In View)
Most times you find it difficult to explain how you really spent your money especially when your bank account goes red with the speed of light 😂 There is always this repeated question👇 How did I even spend this money self?🤔 So I decided to take an inventory of my daily income and expenditure and I discovered that; 1. You tend to spend more when things aren't budgeted for,I know there are unforseen circumstances but there is always this temptation to buy if you haven't budgeted for every single penny and do you know the painful part you end up buying what you don't really need 2. Then another thing I discovered is if you don't know how to handle 1 Naria even if you are given a million you will Quader it 3. Save some,Eat some; I know life is once but kindly cultivate the habit of saving and investing it will show in other areas of your life I know you want Money but have you taken out time to understand the Dynamics of Money? #money #dynamicsofmoney #savingandinvesting
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Get your savings box now: https://lnkd.in/gyvhCNq4 Banks hate this money savings trick This is a perfect way to start saving for vacations, summer events, and so much more! By breaking down your savings goals into manageable steps, every deposit brings you closer to where you want to be.
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There are multiple ways to grow your money, but let's talk about one of the basic ways to do this. When most of us get paid, we place our money into the bank. This is also the place we tend to save our money, but the rate of return is very low. Banks rarely even give us a one percent return on our money. Instead, consider using a high yield savings account. This vehicle will allow you to see greater rates of return, often over five percent. These accounts do come with different restrictions so be sure to do research on what works best for your lifestyle. Would you rather continue allowing the bank to use your money, with no gains for yourself or earn upwards of four to five percent in a HYSA? #financeeducation #financegoals
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Get your savings box now:https://lnkd.in/gkhczwRP Banks hate this money savings trick This is a perfect way to start saving for vacations, summer events, and so much more! By breaking down your savings goals into manageable steps, every deposit brings you closer to where you want to be.
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Are you saving for a future bill? A new TV or car? Or just to have a bit in the bank? This Savings calculator can help you understand how long it will take to save a specific amount, or how much you need to save to have enough by a particular date. Calculate how much you want to save now by visiting Money Helper https://zurl.co/W33d
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