How Much Money Should You Keep In The Bank?
Earn Your Leisure
iHeartPodcasts
4.9 • 7.9K Ratings
🗓️ 4 September 2023
⏱️ 9 minutes
🧾️ Download transcript
Summary
In this video, we delve into the often asked question: 'How Much Money Should You Keep In The Bank?'. Drawing insights from finance guru Mike Novogratz's perspective, we aim to give you a comprehensive answer that might reshape your views on savings.
Whether you're just starting out or reassessing your financial strategies, this analysis is a must-watch. Don't forget to subscribe for more financial wisdom and insights from industry experts! #bank #cash #investing
Link to full episode: https://youtu.be/UJPwFh3am54?si=AL_cAExqt4uZEkNG
(https://youtu.be/UJPwFh3am54?si=AL_cAExqt4uZEkNG)
Our Sponsors:
* Check out PNC Bank: https://www.pnc.com
* Check out Square: https://square.com/go/eyl
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
See omnystudio.com/listener for privacy information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You said something I was interested in. You said that he told you you had more cash than somebody |
| 0:05.1 | that was worth $10 million. Yeah. I want to talk about that. But first, what did you invest in? |
| 0:10.5 | Like the S&P 500, you said you're investing in safe sales. No, I invested in like a lot of |
| 0:14.6 | things alongside him. Like, I don't know who he says. Yeah. Yeah. Like who phase clan. |
| 0:21.0 | Also, you just started, you just went straight to investing in companies. |
| 0:24.8 | To like profits. Bitcoin, I invested in Bitcoin. To get the stock market. I just went straight to |
| 0:28.8 | the Bitcoin. Straight to investing. At the time, I think I invested in Bitcoin, like, |
| 0:32.2 | six grand, like a bio company, like just a bunch of stuff spread out like it. So this is like, |
| 0:39.5 | this is like one of these weird movies. You meet a random white guy and make little |
| 0:43.3 | point. That's hard. He takes your watch three days later. He invites you to his pin house in the |
| 0:48.2 | hat and you open it door. It's like the Batmok chamber. And then he, he looked at your portfolio. |
| 0:54.4 | And he's like, this isn't what you should be doing. You should be investing. And then he |
| 0:58.3 | he tells you to invest in phase clan, Bitcoin, all of these just all kinds of just random things that |
| 1:04.7 | just skyrocketed out to you. You're like, yeah, this is like what Eddie Murphy could have been in |
| 1:10.3 | trading places. Yeah. Basically, that's not bad. That's not for that. That's the lesson of day. |
| 1:19.6 | As Mike is like Mike has, you know, you know, but Dave kind of like they both keep me kind of like |
| 1:27.0 | Mike is like, and Dave is like, no, come back down here real quick. But Dave is also like a |
| 1:31.6 | super risk taker. So he about, I feel like Dave balances out me and Mike. You know what I'm saying? |
| 1:37.5 | And like, he's great at investing. He'll tell his story. Yeah. So like, |
| 1:43.1 | my mindset on investing just kept growing and growing and growing. But the one thing I learned |
| 1:48.1 | from both of them is just take a fucking risk and don't be scared and don't think about the risk |
| 1:54.0 | after how much reward comes back. How much of that money did you invest? I think maybe |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from iHeartPodcasts, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of iHeartPodcasts and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.