5 Worst Places to Keep Your Money

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  • Опубликовано: 11 июн 2024
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    5 Worst Places to Keep Your Money
    In this video, I’ll share the worst places to save your money, and, to avoid to being a huge bummer, I'll also share the BEST place to save your money.
    Links:
    My Video On Universal Life Insurance: • Don’t Buy This Univers...
    💸 Open a high-yield savings account and make your savings work harder for you. Check it out here: www.laurelroad.com/george
    George Kamel is a personal finance expert and co-host of The Ramsey Show. Following Ramsey’s proven money plan, George went from negative net worth to a millionaire in under 10 years. His goal is to help people spend less, save more, and avoid money traps so they can live a life with more margin, options and freedom.
    This channel will simplify complex money topics, bust money myths with actual facts, and debunk the stupid financial advice you're seeing in your social media feed. All with a healthy dose of pop culture, humor, and snark.

Комментарии • 370

  • @Tashas_Travels
    @Tashas_Travels Год назад +163

    I am $100 away from hitting my $1000 emergency fund and I'm so happy because I was a spender who has never saved this much money, it may be nothing to others but it's a lot to me.
    I am now just thinking of what to start saving for next 🤔. I don't have any debts so I am skipping that part.

    • @Architect-jg8cn
      @Architect-jg8cn 11 месяцев назад +18

      3-6 months of expenses in an emergency fund. Then save for retirement.

    • @Tashas_Travels
      @Tashas_Travels 11 месяцев назад +14

      @@Architect-jg8cn yes I start my 6-12 months worth of living expenses on July 1st. Since I dusted off my $1000 emergency fund.

    • @drummerhq2263
      @drummerhq2263 6 месяцев назад +6

      Keep it up

    • @PeaShooter1997
      @PeaShooter1997 5 месяцев назад +10

      The fact that you have no debt is awesome and believe it or not puts you ahead of a lot of people, build that emergency fund.

    • @c7042
      @c7042 3 месяца назад

      Heroin, cocaine, meth, and marijuana probably shouldn't be options.

  • @FennaVa
    @FennaVa 3 месяца назад +263

    I am really worried about the current bank crisis/interest rates, these are all the signs of yet another market crash , so my question is do I still save in the United States dollar or is this a good time to buy gold or some other assets ?

    • @marcellasilva4015
      @marcellasilva4015 3 месяца назад +4

      Many overlook that banks are return-driven businesses. I don't trust keeping a large sum in a bank. Instead, I invest with guidance, enjoy the benefits, and save for retirement.

    • @ralfbrown-kl1gp
      @ralfbrown-kl1gp 3 месяца назад +3

      After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial advisor and have had no major losses, so I'm not going back to relying solely on banks.

    • @ralfbrown-kl1gp
      @ralfbrown-kl1gp Месяц назад +3

      Sharon Ann Meny is the name , Just search the name. You’d find necessary details to work with to set up an appointment.

    • @strawberryme08
      @strawberryme08 22 дня назад +2

      Get food storage 😬 gold can’t buy food that isn’t there

    • @madness03
      @madness03 6 дней назад

      gold is king

  • @freedomring3022
    @freedomring3022 Год назад +236

    "like Megan Markle avoids her in laws" --- LMAO!!

  • @Zielnik333
    @Zielnik333 Год назад +58

    George, you're slowly becoming my favourite comedian. Your delivery is spot-on.

  • @Abraham-wm
    @Abraham-wm 11 дней назад +114

    Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

    • @Abraham-wm
      @Abraham-wm 11 дней назад

      @MARK_zz However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments

    • @Abraham-wm
      @Abraham-wm 11 дней назад

      @MARK_zz Judith Ann peace is her name

    • @Abraham-wm
      @Abraham-wm 11 дней назад

      Lookup with her name on the webpage.

    • @Abraham-wm
      @Abraham-wm 11 дней назад

      @MARK_zz You are welcome

  • @PrincessZelda609
    @PrincessZelda609 Год назад +100

    I have used CDs many times to save for specific goals. They earned a higher interest rate AND I could not tap into it for a certain amount of time, which is good for people who lack a little discipline like me. I'm currently saving for a house and intend to open a CD for this purpose because I won't need the money for another year or two. I just choose the appropriate CD to fit my timeline. 🤷🏿‍♀️

    • @landondean4701
      @landondean4701 Год назад +11

      They can be a great tool, just not for an emergency fund. I have a $20,000 CD at 4.5%. Money market rates are liquid and pay 5.05% so CD's don't always pay higher rates.

    • @AbidingHopeMentalHealthCoach
      @AbidingHopeMentalHealthCoach Год назад +4

      I haven’t seen a CD that gets better interest than my Betterment account savings. I’m getting 4.5% APR right now on a no-minimum account. Well, three, actually. And they are FDIC insured up to $2 million (because they are in multiple banks). I keep the bulk of my emergency fund there, along with the money I set aside for taxes (instead of loaning it interest-free to the government, I save it in an interest-earning account), so I can make a couple hundred dollars, maybe, on the money I need to pay my taxes (and being a self-employed entrepreneur, I have plenty of taxes to pay!).

    • @PrincessZelda609
      @PrincessZelda609 Год назад +4

      @Lisa Google revealed several CD options higher than 4.5%. I bank at NFCU and they offered CDs higher than 4.5%. If there are savings accounts yielding higher rates then great. But my point was that CDs are not as pointless as the author of this video makes it out to be if you just assign a goal to them. I always made good use of them because I used them with intention.

    • @AbidingHopeMentalHealthCoach
      @AbidingHopeMentalHealthCoach Год назад +1

      @@PrincessZelda609 I can see your point if it’s a short-term thing with a plan to use the money at the end of a period of time and you won’t need it at all before. I like that I can add to my accounts monthly, and withdraw at any time. I can’t think of anything right now that would justify tying up any amount of money for a year or two, but I’m sure some people could.

    • @PrincessZelda609
      @PrincessZelda609 Год назад +4

      @Lisa Reynoso You don't understand the value of a CD and that's fine, it's not for you to understand. If the method isn't for you, then just keep doing what is best for you. 🤷🏿‍♀️ CDs have always been MY best tool to save for goals, both short and long term

  • @cindyt3416
    @cindyt3416 Год назад +72

    Omg George I don't know why you were worried about having a channel. You are hilarious and informative. Keep up the good work!

  • @rhsxo
    @rhsxo Год назад +32

    I daily drive a 2007 Toyota Camry Hybrid with over 250,000 miles and yes, the 4 disc CD changer is loaded with some rocking albums. I cannot confirm nor deny if the No Strings import album is one of them 😊

    • @Imnotelijah1
      @Imnotelijah1 Месяц назад +2

      2007 Toyota Camry was my first car. I loved it

    • @raginaelmi
      @raginaelmi 17 дней назад +2

      I drive 2004 Toyota Siena with a disc cd player and cassette player. I can't tell you how many people got surprised when they see it.

  • @metaltera86
    @metaltera86 Год назад +24

    As an hvac tech, I approve this video

    • @markbeiser
      @markbeiser 3 месяца назад +1

      Until you have to clean tree rat chunks out of someones outdoor unit...

  • @myjoysunshine
    @myjoysunshine Год назад +13

    George, we love your channel! Keep the videos coming! 💵 ❤

  • @bretsanderson7642
    @bretsanderson7642 Год назад +5

    I was just wondering about this topic. Thanks for doing a video on it, George!

  • @catherinewetzel417
    @catherinewetzel417 Год назад +10

    This answered my burning question. Thank you!

  • @ritagrindstaff2226
    @ritagrindstaff2226 Год назад +5

    I LOVE this channel! Hilarious and so informative!🙌🏼

  • @TheeRoyalAfro
    @TheeRoyalAfro Год назад +5

    Thanks for the info George and Ramsey team!

  • @alanacairns8439
    @alanacairns8439 Год назад +6

    Thankyou so much George!! I love watching you and Ramsey together. I was nervous about an online savings account but thanks to your recommendation, I just opened an account with the link you provided. It brings me peace of mind under your guidance. Love your comedic sense of humor.

  • @matthewrudomin
    @matthewrudomin Год назад +11

    George, I just converted all my money into CDs.. not certificates of deposits, compact disc's, I'm reliving my childhood of Aerosmith, Metallica, and Weird AL

  • @mercyp7151
    @mercyp7151 10 месяцев назад +9

    This is a life saver!!! I hate those minimum limits that regular savings accounts use to pile on the fees. These are adult wins - when you have great financial advice from the Ramsey team so I dont have to drown in weeks worth of research and endless stress. Thank you! 👊

  • @hikingchill9936
    @hikingchill9936 3 месяца назад +8

    Avoid CD’s? They’re giving you a risk free 6% at a lot of banks these days. Nothing wrong with putting extra cash in a CD ladder with a good chunk maturing every quarter.

    • @Real_Grant
      @Real_Grant 3 месяца назад +3

      He’s only saying avoid CDs for your savings account since you can’t easily access it. Keeping your money in a HYSA is good for savings and anything additional from a rainy day fund can definitely go into a CD at those rates

  • @Andrew_28
    @Andrew_28 Год назад +3

    This channel should be bigger on RUclips. Excellent content and production

  • @jasondima1411
    @jasondima1411 Год назад +5

    Love the home alone clips! Keep them coming!!

  • @ultramegasuper11
    @ultramegasuper11 Год назад +3

    Lots of Info, reality based and entertaining. Wow. A RUclips video worth my time 😊

  • @chuck197
    @chuck197 10 месяцев назад +2

    George love your advice!! Gonna check out that online bank you mentioned on link. Thanks for your videos; love them like the Ramsey Show..

  • @rommeljimenez4765
    @rommeljimenez4765 Месяц назад

    Thanks for the insights George

  • @joelykins1884
    @joelykins1884 Год назад +3

    Liked and Subscribed! George, you are the best.

  • @Rigohinojosa15
    @Rigohinojosa15 8 месяцев назад +1

    I really like the information man.

  • @JustenHarden
    @JustenHarden 7 месяцев назад

    Came here from today’s upload and gotta say .. thank you so much! Opened a high yield savings with Marcus and using the calculator, it’s quite embarrassing how much I was leaving on the table by not doing it sooner.

  • @lisab5904
    @lisab5904 Год назад +4

    Perfect timing, George, Thank you!
    I was just contemplating where to put my ff emergency fund as my savings account rate is a pitiful 0.25%!

  • @mmp495
    @mmp495 Месяц назад +1

    I love your wit!! Nice studio too. ❤

  • @Mily-ql1eo
    @Mily-ql1eo Год назад +2

    Marcus works for me too. Thx for the content George.

  • @jack7240
    @jack7240 Год назад +13

    GK these jokes are hilarious
    please more content !!!!! great work!!!

  • @BoostAndRedline
    @BoostAndRedline Год назад +4

    Thanks your in depth video about IUL’s I finally put my foot down and cancelled my policy

  • @savanahfondse6372
    @savanahfondse6372 Год назад +1

    You’re too funny 😂 omg. Thanks for the link!!

  • @azucarmorena1117
    @azucarmorena1117 8 месяцев назад

    Thank you!

  • @Frosty2014
    @Frosty2014 8 месяцев назад +1

    Thanks for the great content haha!! God bless :)

  • @mymix1880
    @mymix1880 День назад

    Great video. Thank you George. Melanie

  • @kaelaleedaley
    @kaelaleedaley Год назад +3

    GREAT video! Thank you so much - we are viewers from the UK who didn't realise what some of these savings accounts were when hearing about them on TRS. We looked into investing earlier this year but found the average returns were about 1/3 less than we are sure to make in a HYSA (and that was in a well-performing market!) Xx

  • @Tenjiecorner
    @Tenjiecorner Год назад +13

    My money is sitting on Citizens HYSA with current 4.5%. They have physical locations too. 😊

  • @kenyu8192
    @kenyu8192 8 месяцев назад +6

    Do you know who is going to transfer his money after watching this video?.... "It's gonna be me"!
    Thanks George!

  • @wealthbytes
    @wealthbytes Год назад +23

    Need that money in a High Interest Savings. So many good options now.

  • @robbieb.3398
    @robbieb.3398 Год назад +2

    Love the funny stuff 😂

  • @Superhyperaktive
    @Superhyperaktive Год назад +2

    Amazing!

  • @wittleMermaid13
    @wittleMermaid13 Год назад +4

    Gave a like for you having 2 of NSYNC's 3rd album. That's a dang good album! Oh, and the money advice is good, too. I use Ally Bank and Capital One 360 high performance. Both @ 4% now.

  • @chazsmith6333
    @chazsmith6333 21 день назад +1

    Having a good sum of cash at hand can be very beneficial. Where I live, when Hurricane season arrives, if a big one drops then everything is out and possibly for 4 or more weeks. ATM’s are down and having that cash ready when you evacuate can be very handy. Even if you evacuate somewhere that has power and access to your bank account, you still have to go back home at some point. Thats a true emergency fund right there. The value is in it being extremely accessible when a true emergency hits and there’s no time to waste.

  • @baseballfan9848
    @baseballfan9848 7 месяцев назад +1

    Ted Lasso... Season 3 ... it lived up to what I expected. Favorite show.

  • @brandon9715
    @brandon9715 Год назад +21

    For short-term investing that is for money beyond your emergency fund, CDs are great. I have a good chunk of money in a CD right now because rates are so high. A guaranteed 5.2% return with FDIC backing is solid when you want the money in a year or two.

    • @stephenayriss5049
      @stephenayriss5049 Год назад

      5% guaranteed is great. That money will go to the government who spends more then they make.

    • @brandon9715
      @brandon9715 Год назад +2

      @@stephenayriss5049 some of it will, yes. Just the same capital gains as having it in a high yield account

    • @brandonrennison
      @brandonrennison Год назад +1

      Same that is what I am doing right now.

    • @pamm99
      @pamm99 Год назад +2

      Agree! I just opened a CD (first time in my life) with a 5.25 rate. I will make a little over 4K in 18 months.

    • @dianecelento4974
      @dianecelento4974 Год назад

      @@pamm99 Wow! That's great.

  • @ebonylo.
    @ebonylo. 10 месяцев назад +1

    Just opened up the account! Thanks

  • @JakeSpradlin2
    @JakeSpradlin2 11 месяцев назад +26

    I work in banking… you’d be amazed how many people have crazy amounts of physical cash in their homes

    • @SerErryk
      @SerErryk 2 месяца назад +3

      How would you know? If course they are going to say that. They don't want to be embarrassed that that $32 in that account is all they have to their name.

    • @everardocalderon8720
      @everardocalderon8720 Месяц назад

      If the bank only pays you $2 dollars annually for a thousand dollars in a savings account what’s the difference?🤔

    • @mmp495
      @mmp495 Месяц назад

      That's my dad. He does not want to fully disclose how much he makes with his rental properties.

    • @billjones4986
      @billjones4986 Месяц назад +1

      Yes mine is under my bed use a safe.

    • @billjones4986
      @billjones4986 Месяц назад

      Ya she avoids the in-laws she is from L.A!

  • @adventureseeking
    @adventureseeking 3 месяца назад

    Hey George!
    Thank you for this channel. I’m saving in my sink fund a spot to FPU.
    Question: should I put my starter emergency fund in a high-yield savings account too?

  • @punkbassandcovers
    @punkbassandcovers Год назад +8

    If we're making N'Sync No Strings Attached puns...'You Just Got Paid' and if you put your money in tin cans 'That's When I'll Stop Loving You.' 'It Makes Me Ill' that George has the CDs of this album, clearly he needs a 'Digital Get Down.' High Yield Savings Accounts are good, 'This I Promise You.' 'I Thought She Knew' that this 'Space Cowboy' loves a good HYSA. 'It's Gonna Be Me' who will follow this 'No Strings Attached' advice. I'm done 'Bringin' Da Noise' now. 'Bye Bye Bye.'
    I couldn't resist!

  • @ronjr831
    @ronjr831 Год назад +4

    Thanks for the advice. CD’s are offering 5% almost everywhere online though.

    • @GeorgeKamel
      @GeorgeKamel  Год назад

      Agreed. I’d rather be conservative since many have fine print and many are closer to 4%.

  • @Silverdragon517
    @Silverdragon517 Год назад +4

    I use the cd ladder strategy and it works great

  • @entername7111
    @entername7111 Месяц назад +3

    CDs aren’t bad they just aren’t good for emergency funds

  • @lindamoore8850
    @lindamoore8850 Год назад +14

    Thanks George!! I just opened and made my first deposit into my Marcus account!!

    • @arlettezambrano3894
      @arlettezambrano3894 9 месяцев назад

      How do you deposit money into an online account? I'm interested in opening a Savings with Marcus but how do I deposit?

    • @lindamoore8850
      @lindamoore8850 9 месяцев назад

      @@arlettezambrano3894 you do an online transfer from your bank account to you Marcus account. From account set up to transfer takes about 5 minutes.

    • @Speedslip-bq2gk
      @Speedslip-bq2gk 8 месяцев назад +1

      I tied my money to a pigeon! You can transfer money from your bank to another. Or, close one account, open a new one. Write a check works too for deposit. Or, just mail it all to me and my pigeon!

    • @mmp495
      @mmp495 Месяц назад

      ​@@Speedslip-bq2gk😂

  • @dianaa4149
    @dianaa4149 Год назад +6

    What percentage of an emergency fund would you suggest be held in a traditional brick and mortar savings account? 5%? 10%?

  • @lordbernie6344
    @lordbernie6344 2 месяца назад

    Comedy and value at once. Too dope 😅😮😅

  • @frederickvalencia4976
    @frederickvalencia4976 8 месяцев назад +1

    I have a 07 camry and I love it! 😂

  • @sarahshealthyrecipes
    @sarahshealthyrecipes Год назад +2

    Thanks for the great tips and explanations of the different ways to save! I had no idea what a high yield savings account was! I dabbled in the stock market when I got my first job at 15 cause my dad was into that sort of thing. I made some money, not enough to change my life but it did help me understand a little how the system worked and what could happen with proper investing.

  • @LeiaAOS
    @LeiaAOS Год назад +3

    I have my EF in an Ally MMA and I love it!

    • @Speedslip-bq2gk
      @Speedslip-bq2gk 8 месяцев назад

      You should list the info for people here. Sharing tips is good karma!

  • @Eagleknight815
    @Eagleknight815 Год назад +1

    Also, I enjoy my CDs in my '05 Chevy thank you very much 😂

  • @eveexpertguides995
    @eveexpertguides995 Год назад +4

    Dude that little clip with the squirrel was hilarious

  • @joshuahickey9196
    @joshuahickey9196 Год назад +2

    George...I loved your channel before. Then, not only did you play a clip of my second favorite Transformer of all Time, but you also played a clip from the 1984 movie when Galvatron is voiced by the legendary Leonard Nimoy. Now, I adore your channel.

  • @ninacook9162
    @ninacook9162 Месяц назад

    Good job George…

  • @joemartnz
    @joemartnz Год назад

    Thanks George! How about making every dollar available to us viewers in NZ also (and yes, aware we can't link our banks, etc). Cheers

  • @rbt1234567
    @rbt1234567 Год назад +3

    Disagree saying that CDs are not a good place to put extra cash. If access to money at regular intervals is needed they can be laddered. I carry 12 CDs carrying one months living expenses in each one with the interest paid monthly to a high yield savings account.

  • @gsmith5140
    @gsmith5140 22 дня назад

    I have an '09 Versa and I can play all of my cd's you ageist!! 🤣
    Seriously, thx for the video. 😊

  • @AaronHansen-iu1df
    @AaronHansen-iu1df 19 дней назад +162

    I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.

    • @AdamKotlicki
      @AdamKotlicki 19 дней назад +1

      I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

    • @Piligarcia-zs7bo
      @Piligarcia-zs7bo 19 дней назад +1

      The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.

    • @fameswap-dq5eo
      @fameswap-dq5eo 19 дней назад +1

      She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

    • @pedroAgondel
      @pedroAgondel 19 дней назад +1

      I'm new at this, please how can I reach her?

    • @AaronHansen-iu1df
      @AaronHansen-iu1df 19 дней назад +1

      she's mostly on Instagrams, using the user name

  • @OffGridandOutdoors
    @OffGridandOutdoors Месяц назад +1

    Wealthfront is good, UFB Direct is higher and has both a HYSA and a MM account option.

  • @carolinemurdock3038
    @carolinemurdock3038 11 месяцев назад +1

    LOL funny you linked Marcus by Goldman Sachs cause I also have this as my HYSA

  • @justaperson803
    @justaperson803 Год назад +3

    You would make a great youth pastor

  • @Kakuren
    @Kakuren Год назад

    Whoa whoa this man knows Larry?! I love Larry but he's out for 3 months so I had to do my own car repair.

  • @FighterDoc98
    @FighterDoc98 Год назад

    You almost lost me at NSYNC....but morbid curiosity kept me going...

  • @joeriveracomedy
    @joeriveracomedy 11 месяцев назад +3

    Ted Lasso? The soccer on nbc commercial from 2014?

  • @strawberryme08
    @strawberryme08 22 дня назад

    We are thankful you helped us learns
    of high yield savings account! We had no idea and we’re saving like crazy right now. We will get back a significant amount now monthly thank you! I can’t believe the back didn’t tell us about this 😑 so annoying.

  • @vebtran
    @vebtran 9 месяцев назад

    Real talk about that *Nsync third studio album

  • @karihosny9420
    @karihosny9420 Год назад +1

    Can you give a brief overview of the FedNow program that is rolling out in July?

  • @lberhold
    @lberhold Месяц назад

    Keeping it in the ETF SGOV is the best option.

  • @lauras.8088
    @lauras.8088 Год назад

    I have a HYSA at 5% but can only keep a limited amount that earns that much interest. Therefore, I also have a 12 month CD at 5%.

  • @sbman436
    @sbman436 10 месяцев назад +2

    I'm saving for a down payment on a house using CDs. Emergency is in HYSA.

  • @EricMoore538
    @EricMoore538 Год назад +5

    My wife told me that I don't make enough money to put anywhere...

  • @thepeeve
    @thepeeve Год назад

    Omg I’m dying of laughter and crying of joy from the galvatron clip from then original Transformers. In my top 5 favorite movies

  • @amandadrenter7690
    @amandadrenter7690 Год назад +1

    Is a HYSA good for a long-term savings account? Thanks for all you do, George!!

    • @GeorgeKamel
      @GeorgeKamel  Год назад +3

      Yes, absolutely.

    • @amandadrenter7690
      @amandadrenter7690 Год назад +1

      @@GeorgeKamel Thank you!!! I have learned so much from you. Keep up this awesome work you do!

  • @LonghairedJizzExpert
    @LonghairedJizzExpert 4 месяца назад

    I have 92% of my emergency fund in Silver Franklin Halve dollars from 1958-62 should I use them to pay bills or sell the silver?

  • @JA-zh5xi
    @JA-zh5xi 8 месяцев назад +1

    For the last year money allocated for savings have been going into 4-week t-bills. With lots of bonds purchases happening over the last year I have t-bills expiring every week so it’s still very liquid and I’m getting 5%!

    • @markbeiser
      @markbeiser 3 месяца назад +1

      I do a similar thing, but with the institutional class money market mutual funds my cash management account gives me access to with low minimum deposits.
      My path is not FDIC insured, and while really safe investments, it is technically possible for them to loose value, so wouldn't make the grade for what the point of the video is.
      Even though I've gotten the process of rolling back into the same funds almost completely automated, I've been tempted to simplify by just chucking it into a HYSA.😏

  • @MrBSchmitty
    @MrBSchmitty Год назад +2

    We want MORE Home Alone clips! Lol

  • @janelle7778
    @janelle7778 Год назад

    Hi George! Dr. Delony’s next band should be Dorsal Coin Hole!

  • @jasonk446
    @jasonk446 Год назад +1

    I follow something similar. $1000 in regular bank savings account in case I have an immediate emergency. Regular emergency fund in Marcus currently earning over 4%. Then I have play money that I buy stocks, etfs, etc with. And, I also have some crypto. Thats a small percentage of my overall portfolio.

  • @TS1023TS
    @TS1023TS Год назад +1

    Why do banks or credit unions utilize money markets? What are the benefits for them? How are they able to offer better rates of returns to us just by us putting money in those accounts? Just don’t want something to happen to my savings account/emergency fund. Thanks!!

  • @johnpublic5169
    @johnpublic5169 Год назад +3

    My bank offers Kasasa checking and it’s paying 5.00% APY. Direct deposit, electronic statements, & 10 debit card transactions per month are the qualifiers. I just keep the EF in there and not include it in the checking balance.

    • @tduck828
      @tduck828 Год назад

      The requirements are a bummer though. I get almost that rate but zero requirements

    • @donyemonroe4577
      @donyemonroe4577 Год назад

      (Kassa) ??

  • @MrTsleep
    @MrTsleep Год назад +1

    When can we see you shred one of those guitars George?

  • @Fotig
    @Fotig Год назад +1

    One of my favourite new youtubers!

  • @gabec1087
    @gabec1087 Год назад +5

    That Megan Markle joke 😂👌🏼

  • @bshef3424
    @bshef3424 9 месяцев назад

    .....we've shifted from Savings to using our Brokerages ....regardless of taxes - still better than the altrenative

  • @kratostomatoes8587
    @kratostomatoes8587 Год назад

    Rolling your emergency fund into 2 alternating chunks of 4 week Treasury Bills keeps it liquid and earning a great return.

  • @fiskenburg007
    @fiskenburg007 Месяц назад

    With regards with stocks, find good, blue chip companies, purchase 100 shares of one, sell weekly covered call options and collect the premiums.

  • @richardle7469
    @richardle7469 7 месяцев назад

    Renters insurance that covers those appliances

  • @tduck828
    @tduck828 Год назад +5

    It makes me nervous to put money in online banks. I love my money market at 4.75%. No strings for anything. I do have local checking accounts paying 5% but there are requirements but easy to do.

    • @gloriaalex11
      @gloriaalex11 Год назад +1

      There are a number of reputable FDIC insured online banks you could look at. But if you have a local banking relationship with 5% interest, good on you. 👍

    • @tduck828
      @tduck828 Год назад +1

      @Gloria Alex yea but the problem with the 5% is there are requirements and is capped at $15k so that's a bummer.

    • @Speedslip-bq2gk
      @Speedslip-bq2gk 8 месяцев назад +1

      Agreed, ms duck...4.75 is solid + no strings. Eating more at home saves A ton, bye starbucks, fast food!

    • @tduck828
      @tduck828 8 месяцев назад

      ​@Speedslip-bq2gk yea I hate Starbucks. My Account actually has gotten higher. Now it's 5.2%! Woot

  • @ryanl3812
    @ryanl3812 Год назад +1

    No penalty CDs are my go to. High yield and take your money at any time. Leave it and get a bonus at maturity

  • @JadenHercules
    @JadenHercules Год назад +1

    I think CD's would be the American equivalent of GIC's for any Canadians wondering.

  • @deborahjackson6108
    @deborahjackson6108 25 дней назад

    My 2016 Camry has a cd player. 😊

  • @justinlindholm2679
    @justinlindholm2679 3 месяца назад

    What about using a money market mutual fund in a broken account to park your emergency fund?