00:00If you are keeping all your money in a savings account, you are actually losing money every single day.
00:06Here is why.
00:08Inflation is rising faster than your savings interest rate.
00:13That means while your money sits in the bank, its real value is going down.
00:19A savings account gives you maybe 2-4% interest per year.
00:26But inflation in most countries is running at 5-8% or higher.
00:33So you are losing 2-4% of your wealth every single year without even knowing it.
00:39So what should you do instead?
00:42First keep only 3-6 months of living expenses in savings as emergency fund.
00:50Then put the rest to work.
00:52Index funds.
00:53Real estate.
00:55Stocks.
00:56A business.
00:57Your money must work harder than you do.
01:00A savings account is for safety, not for wealth building.
01:04Know the difference.
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