Cash Is Making Money Again! Here Is What It Means For Your Wallet

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.6 • 2.8K Ratings

🗓️ 5 October 2018

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Hey Money Guy Show Family! Cash is making money again. That’s right. Times are changing and you can generate income from cash again. (Seriously)

The Great Recession (2008-2009) slashed interest rates and they were in a free fall sitting on the bottom at 0.5% for the better part of a decade. Now, cash is making a comeback and it can yield over 2% today in high-yield savings accounts and over 2.5% in a 1-year CD and 3% for longer term CDs.

We’re at the point now where we all should start paying attention to cash as an asset class that can yield a return and what you can do about it.

For more details, please visit the show notes on our website:

https://www.moneyguy.com/2018/10/cash-is-making-money-again-here-is-what-it-means-for-your-wallet/

Transcript

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0:00.0	Wake up! Cash is making money again.
0:03.4	You can take that to the bank.
0:05.2	It's Brian Preston, the money guy.
0:08.2	Restoring order to your financial chaos.
0:11.2	Retirement. Investing. Taxing.
0:14.0	You've got financial questions.
0:15.6	He's got financial answers.
0:17.6	It's Brian Preston, the money guy.
0:20.9	How cheesy was that?
0:21.8	So I never know what you're going to do these intros.
0:24.0	And I don't know this song.
0:25.2	We know the song's like, wait, me, uh, before you go.
0:28.1	That's what I thought yesterday.
0:28.9	That's where I am.
0:29.6	That's where I thought you were going.
0:30.8	It's George Michael.
0:31.6	I thought that's where you were going.
0:32.8	So, no.
0:33.9	But that's not where you went.
0:35.8	Oh, I guess looking at the title, I could have gone.
0:37.7	I totally could have whammed this thing up a little bit.
0:39.9	But it's, um, no, that's not what we're doing.
	...

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