Home of Money #1- Banking Institution

Ask yourself,

"Where are most people taught to put their money?” The Bank

If you were going to design the perfect investment, ideally it should be/have the following:

✔️Tax-deductible

✔️Tax Advantaged (tax deferred growth and income tax-free monies) /

✔️Safe principal that never loses value & Potential for growth and return

✔️Instant Liquidity

Bank accounts, CDs and credit unions are great homes of emergency funds and basic savings. They don’t have any tax advantages and are not tax -deductible.

Pros - safety of principal, liquid- the ability to access cash quickly

Cons – Low interest rate less than 1% = no potential for growth/return

Let’s talk about the impact of low interest rates & the game of doubles

• Take $100 at 6% interest it will take 12 years to double

• Take $100 at 8% interest it will take 9 years to double

• Take $100 at 12% interest it will take 6 years to double

Your bank only gives you what? Lol no I'm not going to disclose because if you are really REALLY are serious about your finances. I strongly suggest that you log in to your account OR call your bank and find out.…

Now, imagine with me for a minute that $100 with 0.25 interest rate it will take 288 years to DOUBLE.

SO WHO HERE KNOWS HOW MUCH YOUR BANK INTEREST RATE IS? GO Look. I'm serious

NOTE: The higher the interest rate the less time it takes your money to double

I can provide you with free consultations to seek out other vehicles that create and protect your money.

KimCisyourFavAgent ♥