WHAT DOES YOUR SAVINGS ACCOUNT LOOK LIKE?👀

WHOA! There’s been a lot happening with stocks and crypto since the year started, things are really moving and shaking! Also, this really is the year to be big on investing if you haven’t done so yet.

Bankrate dot com reports that many bank accounts hold far less cash than Americans need to cover even a few months without income. I’m sure you’ve heard that we each should have stashed away between 3-6 months’ worth of bills for a rainy day. I understand the thought process behind that, but I also believe that we should also be involved in some type of investment at the same time, even if it’s in small amounts.

Research shows that most people have no more than $2,500-$5K in a savings account, which amounts to a financial crisis. Investments in gold, silver, crypto and high interest-bearing accounts could help to move the needle in the right direction financially.

As usual, do your due diligence and make sure your money will be as safe as it can be with volatile markets. I read somewhere that if you spend one hour per day at something, you can become an expert on that particular subject. So, spend time learning about investments and where stocks and crypto could be heading. You can also join me on IM ACADEMY where we’re also teaching about stocks and not just crypto and foreign exchange. (I will include my link below).

Let’s talk crypto! Today Bitcoin (BTC) was at $19,927 and I expect it’ll bounce back and forth between $19K and $20K over the next couple of days. Ethereum (ETH) was at $1599. I also read that the investment community is confident that the case against XRP (Ripple) and the SEC could fall apart and that will positively impact the price of XRP! Look into that and see if that is something that will work for you. Pray and be led by peace!

I’ll be back next Friday 1/20/2023 with some more financial news. In the meantime enjoy the weekend, and have a HAPPY MLK DAY!

Here is my IM ACADEMY WEBSITE LINK in case you’re interested!

Copyright ©2023 Sherma Jacqueline Felix, BLACK ADVANTAGE Publishing™. The author shall neither be liable nor responsible for any loss or damage allegedly arising from any information or suggestions in this post.