Are you constantly struggling to save money? Do you feel like your hard-earned cash is just sitting in your account, doing nothing? Well, my friend, I’m here to tell you that saving money is NOT enough. Let me explain.
Recently, there was a major banking collapse that left many entrepreneurs unaffected. Why? Because they weren’t using that particular bank to invest their money. However, this collapse should serve as a wake-up call to all of us. Banks take deposits and use them to invest in things like 10-year Treasury bills. So, why should we be saving our money if banks will turn around and invest it anyway?
Most of us start a business because we have a passion to change the world. But unfortunately, we need money to make that happen. And with more and more bank collapses on the horizon, we have to realize that the FDIC can only cover 1.3 percent of all deposits in America. That’s not much protection. And let’s face it, the US government’s good faith isn’t exactly trustworthy.
So, what’s the solution? Investing your money. Yes, that’s right. Rather than letting your money sit in a bank account with no plan, you need to start thinking about how to use that money to invest in your future.
Now, I know what you’re thinking. “But investing is risky!” Yes, there is always a risk when you invest your money. But there’s also a risk in letting it sit and do nothing. Inflation is accurate; if your money isn’t working for you, you lose money without realizing it.
So, it’s time to take action. Don’t let yourself be distracted by the latest news story or scandal. Focus on yourself and your business. Think about what you can do with your money to invest in yourself and your future. The possibilities are endless.
In conclusion, saving money is not enough. We need to think bigger and invest in our future. Don’t let the fear of risk hold you back. Take control of your finances and start investing in yourself today. The world is waiting for your passion and your ideas. Let’s make it happen.
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Summary of Transcript:
The video stresses the importance of investing money and not just saving it, citing how a bank took deposits and invested in 10-year Treasury bills. The FDIC is mentioned as being able to cover only a small percentage of deposits in the US, and the trust in the government is low. The video also warns of future bank collapses and advises entrepreneurs to focus on their company’s goals rather than getting distracted by news stories about inflation or bank collapses.
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Summary of Description:
The content questions the concept of working hard and selling time for money without any purpose.
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Source Description
#money #motivation #shorts
Why work your ass off and sell your time for money you won’t use…
