💰 Maximize Your Money
Saving money is better than not saving at all, but letting it sit in a bank without investing it is not optimal because of inflation and the fact that the bank uses your money to make a profit.
During the Great Depression, people were unable to withdraw their money from banks due to a bank run and the subsequent economic crash.
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Change your mindset about money, focus on increasing your income, save and invest wisely, and educate yourself.
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What happens to your money
Banks don’t like to give away their money. That mindset is reflected in the interest rates of checking and savings accounts of 0,5% and 0.9% avg. annual interest respectively.
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