Today’s Hack
Is ‘Lazy Money’ still a concern in 2024’s higher interest rate landscape? In this episode, we explore this question, examining how the recent rise in interest rates affects the money sitting in savings accounts, CDs, and conservative investments.
We’ll discuss the new dynamics of managing your funds in a world where traditional saving methods are seeing better returns. Are these options now a viable part of a savvy investment strategy, or are there still better ways to make your money work harder for you?
Here’s some of what we discuss in this episode:
- 6:07 – What is lazy money?
- 7:42 – Finding the right amount for your emergency fund
- 10:42 – An advisor’s role with lazy money
- 17:10 – Having a long-term perspective
If you have any questions about what we discussed in this episode, reach out and we’ll be happy to set up a time to talk.