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GeoPulse : Learn how to take control of your money with smart personal finance strategies, simple investing tips, and daily money hacks. In this video, we break down today’s financial news and give you practical steps to grow wealth, save smarter, and invest wisely.

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Transcript
00:00Here is a checklist of things to pay attention to when you deposit your money.
00:04And number one, make sure that the company you're putting your money into is FDIC compliant.
00:11That means that it is insuring your money up to $250,000.
00:15That is mostly a given if it's a reputable bank,
00:17but sometimes you can come across a fly-by-night company,
00:20maybe a crypto company paying you 10% APY and promising you a huge return.
00:26And if that sounds too good to be true, then it probably is.
00:29Another thing to pay attention to is a limitation on how much you can earn.
00:33Because a lot of times these companies will advertise with a really big number,
00:37just a real people in, and they'll say something like earn 10% APY.
00:41You'll be like, yes.
00:41And at the bottom of the page in tiny, tiny letters,
00:44it'll say the fine print on your first dollar.
00:47The rest will be earned at 0.0000001%.
00:50So just make sure you know what these limits are,
00:53because technically, yeah, that's true.
00:54You do earn 10% on your first dollar.
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