Saving Money is Losing You Money in 2023 скачать в хорошем качестве

Saving Money is Losing You Money in 2023

Savers are losers in this interest rate environment. Yes, keeping your money in the bank is losing you money every day. Being able to save money has always been considered a positive thing and a sign of maturity and discipline. However, in this interest rate environment and the way that interest is taxed, most savers are actually losing purchasing power due to inflation. Inflation is a stealth tax that many people don't know about, or care to understand. For Example, let's say you have your money saved in an account earning a 1% yield. However, if the price of all goods has gone up by 2% ( measure by CPI aka the Consumer Price Index), then you are actually LOSING 1% a year due to inflation. When your employer gives you a 2% raise, but the CPI index has gone up by 2.5%, you actually took a 0.5% pay CUT! Interest Earned In Savings Accounts is also Taxed. The money you earn is taxed at your income tax bracket (22%, 24%, etc.). So instead of making the 1.5% in your savings account, it's more realistically closer to 1.17%. This is obviously not even keeping up with inflation. Again, saving money is actually losing you money! Share this video with a friend and on social media! WBF UNIVERSITY - JOIN MY SCHOOL HERE ► https://whiteboardfinance.com/wbf-uni... LIMITED TIME - Get 1 FREE STOCK ON ROBINHOOD ► https://whiteboardfinance.com/go/robi... FUNDRISE - INVEST IN REAL ESTATE FOR ONLY $500 ► https://whiteboardfinance.com/go/fund... M1 FINANCE - INVEST FOR FREE (Yes, Really) ► https://whiteboardfinance.com/go/m1-f... My FREE M1 Finance Training Video ► https://whiteboardfinance.com/go/m1-f... My FREE Stock Market For Beginners Guide ► https://whiteboardfinance.com/go/stoc... GET MY HOME AFFORDABILITY SPREADSHEET HERE ►   / whiteboardfinance   SCHEDULE A COACHING CALL WITH ME ► https://whiteboardfinance.com/go/mark... HOW TO BUY & STORE BITCOIN ► https://whiteboardfinance.com/go/bitcoin THE BEST CREDIT CARDS TO USE RIGHT NOW ► https://whiteboardfinance.com/go/best... CHECK OUT MY BLOG: ► https://whiteboardfinance.com FOLLOW ME ON INSTAGRAM ►   / whiteboardfinance   Instrumental Produced By Chuki:    / chukimusic   ABOUT ME 👇 My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur. This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience. Subscribe if you are interested in: #Investing #PersonalFinance #Entrepreneurship #StockMarket DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.