WHERE THEY KEEP THEIR MONEY

Checking Ac Checking Account Only BROKE If you keep your money only in a checking account, it'll get eaten away by inflation and it will never grow. RICH MIDDLE CLASS High-Yield Savings Account MIDDLE CLASS If you are saving for an emergency fund or if you are saving your money for any other expense, a high-yield savings account is much better than a traditional bank. RICH Invested And Borrowed Against RICH Now, this is not something I recommend for anybody to do, but the wealthy do do this, meaning they invest their money and then they borrow against those dollars. And there's a bunch of reasons why, but wealthy people do do this. BROKE Under The Mattress Or In Cash BROKE If you keep your money under the mattress or in cash, you keep it in your safe at your home or you keep it in your special little drawer, that is what broke people do. It will lose value to inflation every single year. RICH MIDDLE CLASS A Regular Big Bank Savings BROKE Big banks pay you 0.01% and you can put those dollars into a high-yield savings account, move it to middle class, or you can invest those dollars for long-term wealth movement. RICH Money Market Fund MIDDLE CLASS This is also middle class. It's the same classification as a high-yield savings account. There's some slight differences there, but middle class. RICH Index Funds And ETFs RICH This is what wealthy people do. They invest long-term. Index funds and ETFs are some of my favorite investments. RICH Prepaid Debit Cards BROKE Broke, most people who are wealthy just have a traditional credit card that they use to pay their expenses and they pay those credit cards off every single month. RICH Equity In Businesses RICH Assets are what are going to allow you to build wealth long-term. RICH CDs And Treasuries MIDDLE CLASS Middle class folks buy CDs and they'll buy treasuries to try to preserve their money against inflation, but there are better places to put those dollars. RICH