Get your money out of the bank!

My bank just notified me that my savings account interest rate went up from 0.50% to a whopping 0.60%!

Wahoo! I'm making bank at the bank now. Thank you inflation! 😂

There's got to be a better way, right? In this current environment, it is more important than ever that we are careful and diversified in what we invest in and where we are parking our cash.

Take note of the following:

#1 𝐑𝐞𝐚𝐥 𝐥𝐨𝐬𝐬𝐞𝐬 𝐨𝐧𝐥𝐲 𝐜𝐨𝐦𝐞 𝐚𝐭 𝐭𝐡𝐞 𝐬𝐚𝐥𝐞

Losses in the stock market are not real losses until you sell. It's probably not wise to sell in this current environment.

#2 𝐂𝐚𝐬𝐡 𝐢𝐬 𝐧𝐨𝐭 𝐧𝐞𝐜𝐞𝐬𝐬𝐚𝐫𝐢𝐥𝐲 𝐤𝐢𝐧𝐠

If you have 𝐧𝐨𝐧-𝐞𝐦𝐞𝐫𝐠𝐞𝐧𝐜𝐲 𝐟𝐮𝐧𝐝 cash sitting in the bank, then you are losing money. For example, if you have $100,000 in the bank and they are paying you 0.60% interest as my bank is and the current inflation rate is 8%, that means your dollar in the bank is worth 7.4% less (8%-0.60%). Even though you now have the $100,600 in the bank, your buying power went down because prices just went up 8%.

#3 𝐋𝐨𝐨𝐤 𝐟𝐨𝐫 𝐫𝐞𝐜𝐞𝐬𝐬𝐢𝐨𝐧-𝐫𝐞𝐬𝐢𝐬𝐭𝐚𝐧𝐭 𝐚𝐬𝐬𝐞𝐭𝐬 𝐭𝐡𝐚𝐭 𝐝𝐨𝐧'𝐭 𝐦𝐨𝐯𝐞 𝐢𝐧 𝐥𝐢𝐧𝐞 𝐰𝐢𝐭𝐡 𝐬𝐭𝐨𝐜𝐤𝐬

Diversification is important in this current environment. By spreading out your investments, you are able to minimize negative impacts and spread out the risks. One of these assets is PHYSICAL real estate. 𝗥𝗘𝗜𝗧𝘀 𝘀𝘁𝗶𝗹𝗹 𝗵𝗮𝘃𝗲 𝘁𝗵𝗲 𝘁𝗲𝗻𝗱𝗲𝗻𝗰𝘆 𝘁𝗼 𝗳𝗼𝗹𝗹𝗼𝘄 𝘁𝗵𝗲 𝘂𝗽𝘀 𝗮𝗻𝗱 𝗱𝗼𝘄𝗻𝘀 𝗼𝗳 𝘁𝗵𝗲 𝘀𝘁𝗼𝗰𝗸 𝗺𝗮𝗿𝗸𝗲𝘁, 𝘄𝗵𝗶𝗰𝗵 𝗶𝘀 𝘄𝗵𝘆 𝗼𝘄𝗻𝗶𝗻𝗴 𝗽𝗵𝘆𝘀𝗶𝗰𝗮𝗹 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗶𝘀 𝘁𝗵𝗲 𝘁𝗿𝘂𝗲 𝗱𝗶𝘃𝗲𝗿𝘀𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻.

But wait, there's more! 𝙊𝙬𝙣𝙞𝙣𝙜 𝙥𝙝𝙮𝙨𝙞𝙘𝙖𝙡 𝙧𝙚𝙖𝙡 𝙚𝙨𝙩𝙖𝙩𝙚 𝙖𝙡𝙨𝙤 𝙝𝙖𝙨 𝙩𝙝𝙚 𝙚𝙣𝙤𝙧𝙢𝙤𝙪𝙨 𝙗𝙚𝙣𝙚𝙛𝙞𝙩 𝙤𝙛 𝙙𝙚𝙛𝙚𝙧𝙧𝙞𝙣𝙜 𝙮𝙤𝙪𝙧 𝙩𝙖𝙭 𝙗𝙪𝙧𝙙𝙚𝙣 𝙩𝙝𝙧𝙤𝙪𝙜𝙝 𝙙𝙚𝙥𝙧𝙚𝙘𝙞𝙖𝙩𝙞𝙤𝙣. 𝙏𝙝𝙞𝙨 𝙢𝙚𝙖𝙣𝙨 𝙮𝙤𝙪 𝙜𝙚𝙩 𝙩𝙤 𝙠𝙚𝙚𝙥 𝙢𝙤𝙧𝙚 𝙤𝙛 𝙩𝙝𝙚 𝙘𝙖𝙨𝙝 𝙞𝙣 𝙮𝙤𝙪𝙧 𝙥𝙤𝙘𝙠𝙚𝙩.