This week’s video is about whether or not you should be leaving your money in the bank. Did you know that you can earn thousands more by not leaving your money in the bank? Watch my video above to gain some insight on how much of a difference this can make.
Why you should invest your money in the stock market instead of leaving it in the bank:
While many people know this, many do not end up investing in the stock market although this would ensure high return, as they are unsure on how to invest and navigate the stock market. This uncertainty causes many people to leave their money in their bank (low return) instead of investing in the U.S stock market and making a lot of money (high return).
Lets look at some interesting facts:
If you invested $10,000 dollars in the U.S. stock market for 10 years your final amount would be $36.1K as opposed to $10.6K if you had left it in the bank.
This is the difference of $25.5K dollars that you could have received in your account if you just switched your money from your bank into the U.S. stock market.
Unsure of how you can achieve this? Do not worry, we’ve got you covered!
You can book one of Wealth Heights’ coaching courses which will teach you how to invest in stocks with the aim of achieving financial freedom, or you can easily achieve this by buying one of our ready-to-use investment portfolios such as our aggressive growth portfolio where for last 7 years the return was 29.4% per year as opposed to 14.1% for S&P 500 (stock market index) which is a return of more than double!
The decision of being an investor and automatically dedicating part of your monthly income to investment is the best financial decision ever. Allocate immediately 10%, 20%, 30% or more and automate the deduction. Whatever your salary is, you can save this amount and you will adapt to the “reduced” amount while enjoying building your wealth.
Even the smallest amount of money combined with the miracle power of compounding can give you financial independence without having to make a fortune in annual income.
Act today and book one of Wealth Heights’ courses or if you still have some questions, please leave a comment below so I can answer your inquiries or don’t hesitate to send me an email at firstname.lastname@example.org
All the best