Your cash is vanishing in the checking account. In this video, I’ll show you where to put it instead to preserve and grow its value.

Chapters:
0:00 Intro
0:20 Why is this happening?
2:07 Where to put your money?
2:13 HISA
3:24 CDs
5:14 Money market funds
8:24 T-bills
10:05 How to select the right investment?
10:46 Bonus trick
11:18 End

📷 Video production gear
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Disclosure: I am not a financial advisor and the content of this video should not be construed as investment or tax advice. If you purchase a product or service using the affiliate links in this description, I may receive a small commission at no additional charge to you….(read more)

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Your cash is losing value. Here’s why.

Inflation is a word that can strike fear into the hearts of many people, especially those who diligently save their hard-earned cash. But what exactly is inflation, and why does it matter to you?

In simplest terms, inflation is the rate at which the general level of prices for goods and services is rising, and subsequently, the purchasing power of currency is falling. In other words, as prices go up, the value of your cash goes down.

There are several reasons why your cash is losing value due to inflation. One of the most significant factors is the increase in the money supply. When the central bank prints more money or lowers interest rates, there is more money available for people to spend. This increased demand for goods and services can drive up prices, leading to inflation.

Another contributing factor to inflation is the rise in production costs. When the cost of raw materials, labor, or transportation increases, companies often pass those expenses on to consumers in the form of higher prices for their products or services.

In addition, inflation can also be fueled by external factors such as geopolitical events, natural disasters, or fluctuations in currency exchange rates. These events can disrupt the supply chain or impact the cost of imported goods, leading to higher prices for consumers.

So, what does this mean for you as a consumer? It means that the purchasing power of your cash is eroding over time. Inflation diminishes the value of your savings, making it harder to afford the same goods and services in the future. For example, if the inflation rate is 3%, the cost of living will double in 23 years, meaning that your money will be worth half as much in two decades.

So, what can you do to protect your cash from losing value due to inflation? One option is to invest your money in assets that have the potential to outpace inflation, such as stocks, real estate, or commodities. These investments have historically provided returns that exceed the rate of inflation, helping to preserve and grow your wealth over time.

Another strategy is to consider diversifying your assets and holding a mix of cash, stocks, bonds, and other investments. This can help spread out your risk and mitigate the impact of inflation on your overall portfolio.

Ultimately, understanding the impact of inflation on your cash is crucial for making informed financial decisions. By being aware of the factors that contribute to inflation and taking proactive steps to protect your wealth, you can better navigate the challenges of a changing economic landscape.