![]() ![]() Let's look at some of those ideas in more detail. ![]() Fed raising interest rates will destroy US economy. 25 years ago, in RICH DAD POOR DAD I stated savers are losers. Kiyosaki recently tweeted: "SAVERS ARE LOSERS. More: Check out our best online checking accounts of 2022 Save: Click here to uncover a best-in-class savings account that can earn you 14x your bank The caveat is that there are no guarantees when it comes to investments, which can go down as well as up. Where a savings account might generate an APY of a couple of percent at most, historically, money that's invested on the stock market can generate much higher returns. But when Kiyosaki talks about savers, he's referring to people who leave their money in the bank - not those who invest their cash. Some people think that the terms "save" and "invest" mean roughly the same thing. The result? Money in the bank may gain a small amount of interest, but the rising cost of living means it won't go as far as it used to. Right now, inflation is at around 8%, and even the best savings accounts only pay an APY of 2% or 3%. Indeed, the phrase "savers are losers" is one of the writer's many slogans. Robert Kiyosaki, the outspoken author of Rich Dad, Poor Dad, is not a fan of leaving your money in the bank. Check out our picks for best high yield savings accounts ![]()
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