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.
When you deposit your money in the bank, the bank turns around and invests that money at 7% a year or more. After they collect their profit, they give a tiny shaving of it to you.
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After you maxed out your 401k, Roth IRA, and SEP-IRA, invest the rest in the following:
These percentages can fluctuate during the year, depending on the value of the individual equities. As you make more money, diversification becomes more important.