Home of Money #1- Banking Institution

Ask yourself, "Where are places people put money?”

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 If you are serious about your finances. I strongly suggest that you log in to your account, 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.

KemCisyourFavAgent ♥