00:00Bank failures, debt ceilings, inflation, what does it all mean?
00:05Most importantly, how can you protect your hard-earned cash?
00:09FDIC-insured banks are insured up to $250,000 per depositor.
00:15That means the Federal Deposit Insurance Corporation protects your money up to $250,000 if the bank fails.
00:22Diversifying is also always a generally strong concept when investing your cash.
00:28Now this is true more than ever.
00:31Putting all of your money in one place is risky.
00:34Keep an eye on your credit report and report any fraud.
00:37Protect your identity and watch out for phishing scams.
00:40Check your bank statements and all financial documents regularly.
00:44And continue to educate yourself about personal finances.
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