Hellow guys, Welcome to my website, and you are watching STOP saving your money right NOW | Morris Invest. and this vIdeo is uploaded by Morris Invest at 2024-07-16T08:00:28-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | STOP saving your money right NOW | Morris Invest |
| Video Uploader | Video From Morris Invest |
| Upload Date | This Video Uploaded At 16-07-2024 15:00:28 |
| Video Discription | 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- 4 Smart Investments You Can Make in 2024: https://youtu.be/vLwKOlvc47o Nearly 90% of Americans save their money on a regular basis. But interestingly, only 45% of people would be able to cover a $1000 emergency without going into debt. So clearly, saving money isn’t working for most Americans. These are the major downfalls of saving money: Interest rates are too low to help you accumulate any type of significant return. The average yield on a traditional savings account is only .61%... and many banks are offering rates as low as 0.1%. Much like most financial advice that is circulating today, the idea of saving money is outdated. While 1980s and 1990s savers may have collected anywhere from 5-8% interest, it’s just a different ball game today. Saving money in a dusty old savings account isn’t getting you anywhere in this economy. Inflation eats away at your account. If you have money in a savings account, I’m sorry to tell you, but you’re essentially becoming poorer every day! Here’s why: when inflation occurs, the purchasing power of your dollar decreases. So the prices of everything are rising, and your dollar is worth less! The inflation rate in 2023 was 3.4%. So unless your savings account has rates above that inflation rate, you’re losing money. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals. |
| Category | Education |
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