@steven: Keeping your money in the bank is keeping you poor. Jaspreet Singh explains why saving in a traditional bank account is one of the biggest mistakes people make. With inflation rising every year, the interest you earn on savings isn’t enough to keep up, meaning your money actually loses value over time. He argues that to build wealth, you need to think beyond saving and put your money to work. Do you think saving money in the bank is a smart strategy or a trap? #money #rent #house #business #invest
If you have $200 to your name, he's not talking to you. You should just focus on surviving for now and not worry about wealth. He talking to the people that have thousands saved with no immediate plan to use it. Those are the people that's wasting their money with savings accounts.
2025-09-16 13:40:15
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Alex Mulenga :
Where to keep money then?
2025-09-16 13:02:35
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nicke :
So what's the sollution?
2025-09-16 13:00:30
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menameismyname :
5 million in the bank will earn $200k a year in interest.
2025-09-16 14:24:55
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SnickersBandit :
It's hard to feel comfortable putting your hard earned money into stocks and bonds when companies like Blackstone do everything they can to extract that money out of your investment accounts by manipulating the markets.
2025-09-16 13:52:18
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Lisa C. :
what do we do with the $$ then?
2025-09-16 13:12:43
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Elevare :
what am I supposed to do with it? people day invest. but into what?
2025-09-16 15:54:29
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CaptMunson :
FDIC only covers $250k if it goes under, so that’s not smart
2025-09-16 18:51:03
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Luke :
I meann, capital one has a high yield savings account with 3.5% apy so it isn’t that bad
2025-09-16 15:38:56
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candidcuisine :
Ahhh that’s the US. 😂 Where your savings interest is abysmal
2025-09-16 13:57:01
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Michelle Hirsch :
Money in the bank is better than being negative/in debt. Cash is king. Keep it in a very low risk account .
2025-09-16 18:42:49
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simplelifewithmatt :
Damn we can't even save money anymore
2025-09-17 13:27:33
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chibwe1718 :
You people what do you want us to do?? We put in the bank ati loss, we put under our pillow ati loss. Where then????
2025-09-16 23:03:07
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edseuphoric :
Investing in these manipulated markets seems so wishy washy
2025-09-16 14:24:14
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Tlou-The Stoic 🇿🇦 :
South African banks wins, offering interest rates between 8-11% on their fixed-term savings accounts.😁They are trying to beat inflation though.
2025-09-16 17:23:01
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KBT :
gold?
2025-09-17 02:07:59
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Lifegoeson :
So what the best thing to do with money invest in what n where
2025-09-16 17:23:03
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Joe M Historian :
Never thought about it before. Then again I don't have a million sat in my back account 😂
2025-09-16 14:26:04
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oneeyedmike :
people who have Millions in the bank tell the rest its a waste
2025-09-16 17:27:45
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kudosfr :
Experts say many, many things.
2025-09-16 14:21:47
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davemassiv :
That's me
2025-09-17 00:52:16
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Vandelay420 :
If you are stashing money and don’t know what do to with it, it will be in a high interest account, historically outpacing inflation…where do you get these guys from?
2025-09-16 21:43:03
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Simply :
So what’s the answer to fix it then?
2025-09-17 00:24:10
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ronthompson79 :
A money market earns about 3.6% so his friend is not necessarily in a checking account. Peace of mind is also not being taken into consideration. These market escalations always lead to these of comments.
2025-09-16 23:39:28
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ashlee :
huh 😂
2025-09-17 08:20:22
0
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