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Very true, but during this inflation hike, high-yield savings accounts do outpace inflation by giving savers interest rates of 4 to 5%... I think the highest I got was 5.5%
You're right! High yield savings accounts are everywhere now, but better to get in the habit of investing instead of just saving
@@BlackExcellenceMedia Very true. But the strategy I heard is to have an emergency fund in savings and then start investing. Both are great habits.
What I heard is to:1. Get rid of debt bc debt interest is 15 -30%2. Place the emergency fund in a HY svg acct.3. Invest
*PromoSM*
Very true, but during this inflation hike, high-yield savings accounts do outpace inflation by giving savers interest rates of 4 to 5%... I think the highest I got was 5.5%
You're right! High yield savings accounts are everywhere now, but better to get in the habit of investing instead of just saving
@@BlackExcellenceMedia Very true. But the strategy I heard is to have an emergency fund in savings and then start investing. Both are great habits.
What I heard is to:
1. Get rid of debt bc debt interest is 15 -30%
2. Place the emergency fund in a HY svg acct.
3. Invest
*PromoSM*