Comments on: The Inflation Monster – Episode #4 http://www.thewaytobuildwealth.org/2008/11/the-inflation-monster-episode-4/ Ethan Bloch shares wealth building hacks, tips and wisdom discovered from the world's greatest minds. Tue, 06 Sep 2011 09:19:26 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: ethan http://www.thewaytobuildwealth.org/2008/11/the-inflation-monster-episode-4/comment-page-1/#comment-28 ethan Wed, 19 Nov 2008 04:45:08 +0000 http://www.thewaytobuildwealth.org/?p=264#comment-28 Thanks!<br><br>Uhhh your teacher was all kinds of off wrong. As long as your savings account has an interest rate above 0% it's better off in the savings account then under your mattress, no doubt about it. <br><br>However, a savings account is still one of the worst places to sock money away due to the low interest rate banks usually pay you for your deposit.<br><br>Someone wrote in the other day and asked what they should do with a nice bit of money that they need access too but want a higher rate of return then their savings account was offering. The answer is Money Market Funds; which we will be covering in an upcoming episode on The Way to Build Wealth.<br><br>Hearing about your HIGH SCHOOL teachers ignorance is scary... all kinds of scary.<br><br>Cheers.<br><br>Ethan Thanks!

Uhhh your teacher was all kinds of off wrong. As long as your savings account has an interest rate above 0% it's better off in the savings account then under your mattress, no doubt about it.

However, a savings account is still one of the worst places to sock money away due to the low interest rate banks usually pay you for your deposit.

Someone wrote in the other day and asked what they should do with a nice bit of money that they need access too but want a higher rate of return then their savings account was offering. The answer is Money Market Funds; which we will be covering in an upcoming episode on The Way to Build Wealth.

Hearing about your HIGH SCHOOL teachers ignorance is scary… all kinds of scary.

Cheers.

Ethan

]]> By: Dash2 http://www.thewaytobuildwealth.org/2008/11/the-inflation-monster-episode-4/comment-page-1/#comment-26 Dash2 Tue, 18 Nov 2008 09:32:18 +0000 http://www.thewaytobuildwealth.org/?p=264#comment-26 My economic's teacher in high school said, "you're money is worth more under your mattress then in a savings account." Would you say this is true? (And good job on the audio! =D) My economic's teacher in high school said, “you're money is worth more under your mattress then in a savings account.” Would you say this is true? (And good job on the audio! =D)

]]> By: ethan http://www.thewaytobuildwealth.org/2008/11/the-inflation-monster-episode-4/comment-page-1/#comment-20 ethan Sat, 15 Nov 2008 05:50:46 +0000 http://www.thewaytobuildwealth.org/?p=264#comment-20 Thanks Jon. We're still getting used to the new audio gear, hence the tweaking from my yelling at the beginning of the episode :p<br><br>Cheers.<br><br>Ethan Thanks Jon. We're still getting used to the new audio gear, hence the tweaking from my yelling at the beginning of the episode :p

Cheers.

Ethan

]]> By: Jon http://www.thewaytobuildwealth.org/2008/11/the-inflation-monster-episode-4/comment-page-1/#comment-18 Jon Fri, 14 Nov 2008 17:44:17 +0000 http://www.thewaytobuildwealth.org/?p=264#comment-18 Great new audio. Love the improvements! Great new audio. Love the improvements!

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