The Fallacy of Bank Savings
Read summaryA savings account at a bank won't make you rich because of low interest rates and inflation. Even with a 5% interest rate on a CD, your money is tied up for years and you still lose purchasing power. Plus, you have to pay taxes on the interest earned. To build wealth, look into other investments like stocks, crypto, or real estate. Keep your expenses and emergency fund in the bank, but don't rely on it for long-term wealth building 💰📈.
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