The Money Podcast The 1% Money Manual: 7 Secret Accounts You Need to Invest & Manage Money Like the Rich
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Dec 16, 2025 Discover how the wealthy manage their money differently from traditional methods! Learn about seven critical accounts, including high-interest savings and investing platforms. Find out why leaving money in current accounts can make you poorer and how stocks & shares can act as your savings. Uncover the importance of ISAs and small crypto allocations, and why creating a business bank account is essential for growth. Plus, get insights on private pensions and the value of networking with the rich to maximize your wealth!
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Move Cash Into High-Yield Accounts
- Move most pay into a high-interest savings account and keep only three months' expenses in your current/checking account.
- Use investing apps to spread cash into multiple high-yield accounts to beat inflation and maintain liquidity.
Treat The Market As Your Savings
- Set up a stocks & shares investing account and contribute a standing order consistently every month.
- Auto-invest into broad funds (e.g., Vanguard LifeStrategy) and reinvest dividends to preserve compounding.
Don't Interrupt Compounding
- Most people don't beat the market and funds automate allocation across stocks, bonds and regions.
- Charlie Munger's key compounding rule: do not interrupt compounding by withdrawing dividends early.