Wealthy People Dont Use Banks | Cash Equivalents

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Why wealthy people do not use banks to create their wealth.

There are several investment options in the financial industry with varying degrees of risk versus reward. Many people believe the bank is the first place to go should you want to save your money and start investing and create wealth. I am going to explain to you why the bank is the last place the wealthy go to invest their money.

Banks are in abundance all over the country and chances are great that you have an account their. Banks offer one form of investments which are known as cash equivalents.

Cash equivalents come in the form of checking and savings accounts, certificates of deposits also known as CD’s, money market funds, savings bonds and treasury bills.

A cash equivalent offers a low risk, low return profile. They are the most liquid assets that you can invest in and are convertible into cash. Savings accounts, money market holdings, certificates of deposits, short-term government bonds or Treasury bills are all considered cash equivalents.

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June Collier
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Видео Wealthy People Dont Use Banks | Cash Equivalents канала June Collier