They tell you that
investing and making an investment just takes common sense and a bit of effort
of looking into the details more than ever. This is true. And if you've looked
through low-earning bank accounts and their performance, it would seem the safety
net of low-risk investments are just holding your money back rather than
improving its quality of working for you.
So, maybe it's time to
move out of your bank account interest rate and let the bigger players dole it
out for you.
Your bank should only
have what you need for bills and emergencies in a bank. For your checking
accounts, you could just place in the minimum balance and maybe just a bit of
money that could handle unforeseen expenses that would require a promisory
note.
From here, you could start
paying off your high-interest debt that you might have. Have a debt
consolidator work you out of your trouble.
Once done, focus on
saving for retirement. Then open a brokerage account that could help you buy an
sell stocks and other financial vehicles that could grow over time.
