Money Guy Show How To Maximize Your Cash (Don't Miss Out!)
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Sep 13, 2024 Cash management is essential for maximizing returns, especially with high-yield savings accounts. Discover the evolution of investment options like brokered CDs and the impact of changing interest rates on your finances. Learn effective strategies like CD ladders to optimize cash flow and boost your financial stability. The discussion emphasizes making informed decisions that align with your long-term goals. It's time to rethink how you make your assets work for you and quit worrying about your finances.
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High-Yield Savings Accounts
- Consider high-yield savings accounts for your emergency fund.
- Even small returns add up significantly over time.
Finding the Best Rates
- Traditional banks often offer lower rates than credit unions or online banks.
- Prioritize online banks and credit unions for maximizing returns on cash.
Bait and Switch
- Brian Preston and Bo Hansen share their experiences with banks offering high initial rates, then lowering them.
- They advise researching banks to ensure consistent high yields.