Savings account over stock market
"Put it in a high-yield savings account, you know, go to Fairwinds Credit Union, dump it in a high-yield savings account and let it ride and you're going to make 3 or 4%. You're going to break even with inflation, but you're not going to lose anything and you and you're going to sleep beautifully."
ℹ️ In shortDave Ramsey advises putting money into a high-yield savings account instead of the stock market to offset inflation and avoid losses.
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Full disclaimer… ause if you're going to believe sister-in-law's mythology and you guys are going to sit and watch the news every night and freak out, then you're going to do this again and again and again and I don't want that for you. I think you're better off making too little money and and not being awake all night. Right now we have it in CDs. Um >> Yeah, but Put it in a high-yield savings account, you know, go to Fairwinds Credit Union, dump it in a high-yield savings account and let it ride and you're going to make 3 or 4%. You're going to break even with inflation, but you're not going to lose anything and you and you're going to sleep beautifully. But I got to make fun of you, okay? Because I love you. >> I know we do. >> Meanwhile, meanwhile, my money's going to be doubling while you're making 3%. Cuz it's going up >> I can convince myself to suck it up. >> You would have to you'd have to read enough sit down with one of our SmartVestor Pros and read enough and look at the market. So here' …
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