Let's maximize how much you're making off your cash. You're going to hear this.

Run, I am so excited because people often think okay I've got to have cash I got to have an

emergency fund and something has to sit out there but man those dollars just

aren't out there working for me and that does not have to be the case. It can actually be a very viable part of your

overall financial plan. Well we went through decades where cash was trash. It was one of those things they kept interest rates super super low. You weren't

making anything off of it. They're pushing you out to take more and more risk. That is not

where we are right now. We want to make sure because there's a lot of things going on out there in the interest rate world

There's a lot of things going on with how you should know how to use your cash

Both as a wealth builder as well as for your emergency reserves we want to give you all the details

but with some of the inflation concerns and we've heard hints that maybe rates might be falling

maybe the time to take advantage of opportunities is changing.

So there are some things we want to make you aware of as we move forward that you ought to

know about what different types of accounts you can have, how they work, what are the benefits, what are the pros and cons to each because again it can have an impact on your overall financial life

You know what another opportunity is you have the opportunity to subscribe right now? We know that about 60% of you guys are just

renting your seat. Just get in there. Subscribe. Let us know you're out there.

All right, so let's dive right in. Let's talk about the first type of account. These are

high-yield same as accounts and most people have heard of them but you may be out there saying man okay is this significant does this even matter I mean so what if I'm I'm making money on my cash? And while it may not seem

significant in the short term, when you actually stretch out your timeline, it can be pretty

significant. If you think about an emergency fund that has $20,000 in there, if you can

get that $20,000 parked in a high-yield account with a 5% yield paying you 5% for holding

that after about one month that $20,000. $5% yield paying you $5% for holding that.

After about one month, that $20,000 will have made about $83.

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