πŸ’° Maximize Your Money - Deepstash
πŸ’° Maximize Your Money

πŸ’° Maximize Your Money

Saving money is better than not saving at all, but letting it sit in a bank without investing it is not optimal because of inflation and the fact that the bank uses your money to make a profit.

During the Great Depression, people were unable to withdraw their money from banks due to a bank run and the subsequent economic crash.

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giovannispezia

Hi! πŸ”­ Nice to meet you all. My name is Giovanni, I'm 15 years old and live in Italy. I am a big dreamer and I wish to change the world. My mission is to help as many people as possible embark on the journey of leveling πŸ†™ in life.

Change your mindset about money, focus on increasing your income, save and invest wisely, and educate yourself.

β€œ

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Banks don’t like to give away their money. That mindset is reflected in the interest rates of checking and savings accounts of 0,5% and 0.9% avg. annual interest respectively.

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