Then when we start hanging around people that actually know how to manage money properly

@therlbreadmgmt

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SoundTikTok sound · In Essence (Slowed)

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Bank of America (appears, removing it does not change what happens in the video)nWells Fargo (appears, removing it does not change what happens in the video)nTruist (appears, removing it does not change what happens in the video)nBinance Card (appears, removing it does not change what happens in the video)

On-screen text

The Money Lesson MostnPeople Learn Too LATEnn$10 Million CD at 3%nA $10,000,000 CD earning 3% annuallyngenerates about $25,000 per month in interest,nbefore taxes—while the original $10 million isnstill there.nnBorrowing Against Your MoneynWith $10 million in assets, a bank may let younuse those assets as collateral for a loan. Youncan borrow money for spending or investingnwithout selling or withdrawing the assetsnbacking the loan.

Original caption

Akon explains a lesson that applies whether you have $1,000 or $1 million. The goal is to eventually put some of your money in places where it can earn more money without requiring more of your time. Even small returns can begin to add up as the amount you invest grows. #Akon #WealthBuilding #Investing #PassiveIncome #MoneyTalk