Season 2 Episode 48: 100 Things Millionaire Do: #16 Be Careful With Cash

Automated Entrepreneur

Cash might be king, but not necessarily a wealthy king. Twenty years ago, you could leave money in the bank and watch it grow at a rate of at least 5% a year, thanks to high rates interest on deposits. You could simply sit back and feel like you were getting richer -- although in reality, with high interest price inflation at the time, your bank balance might have been increasing but not your spending power.

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