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5min chapter
A Beginner’s Guide to Creating Passive Income - Jaspreet Singh
The Mindvalley Podcast
How Much Money Do You Save?
If you just have cash sitting in a bank inflation is going to eat away at the value of your company. There are three reasons why you want to be saving money: for an emergency, for a big purchase and for investments. If you're not saving your money for one of these three reasons Your savings are making you poorer each and every day because the interest rate on your savings has less than inflation. You can look for a high interest savings account online that will pay you somewhere around 2% a year.
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