04/03/2022
Get a job, work hard and save your money. Old school mentality. Old advice. Wrong advice. Hear us out 😅
First of all, get a job you LOVE doing and it’s not a job, work hard at what you LOVE doing and it is fun and finally invest wisely and build family generational wealth, not stash cash away into a savings account for inflation to erode its purchasing power away all whilst you’re collecting your 0.5% interest per year. There is a fair argument for a “rainy day” fund of liquid cash available but why stash £100k into a savings account?. Think about it. 🧠
And did you know banks only protect up to £85k of your savings per banking institution. So if you have more than £85k with one banking group, at a minimum spread it out into different institutions for added protection. Or invest it wisely 🚀
Inflation is how they legally steal from all of the savers.
