05/03/2023
Efficiency is key! Right???
In today's world we try and optimize everything. Our phones track every step, our watches track every second of sleep, everything we do we want to be efficient!
Which isn't a bad thing, but sometimes it can be overkill.
With your personal finance it is important to remember that not every single dollar you have needs to be optimized to generate wealth.
With interest rates rising, some high yield savings accounts have become very attractive for people to park cash in. So much so that I get the question "Should I switch savings accounts to get an extra .02% return?"
I get it we want to optimize everything, but don't forget what the money is there to accomplish! We are not going to get rich off of our emergency funds. That is not what it is there for.
Don't forget the job that each bucket of money has for you. Don't get caught up in trying to make every dollar you own be a wealth building tool.
Let's create a financial plan to help you truly operate your finances efficiently!
www.hunterlowry.com