How much of your money is earning less than 2%? That's LAZY MONEY and there is no reason for it!
Too many people are sitting on huge sums of cash earning practically nothing, only because they can't strategically make up their mind on how to build their portfolios for Income, Growth, and Liquidity!
In this episode Bruce demonstrates that the cost of getting paltry interest rates on even your bank savings account is needless and very costly in the long run. $100,000 earning .1% in a inflationary environment of 3.5% is loosing $3,400 a year in value. Or over $18,000 in 5 years (compounded)!
Bruce surveys the possibilities to find that much better rates exist for totally liquid money; 5-yr money; or long term money. But Lazy Money = Lazy Parents that just aren't bothering to find these substantially higher rates.
Lazy money is also found where dividends and interest are needlessly being taxed but not taken as income. Or worse yet, they may be forcing substantially more of your Social Security check to be taxed than need be.
Get that Lazy Money off the couch and get it to work! Listen to this very practical episode of Straight Talk Wealth Radio today!
Talk to Bruce by visiting https://www.straighttalkwealth.com