You will never build wealth with a high-yield savings account.
A HYSA is great for your emergency fund, but you need to invest.
Since 1928 the S&P 500 has returned 11% annually (with dividends reinvested)
No savings account can beat investing long-term.
You can’t "save" your way to wealth.
Andrew Lokenauth
npub105…lu59e
2024-05-08 17:16:54 UTC
Author Public Key
npub1050hrq35yxtu64ssp0v2uuwsvwrrtk4zd2g6ml8yrf4wfww4ttgsalu59eSeen on
wss://nos.lolPublished at
2024-05-08 17:16:54 UTCEvent JSON
{
"id": "aaeed196eb2562818a6f9ec54f9b042cd0edf69843b930c7f9bbe037f69de70b",
"pubkey": "7d1f7182342197cd56100bd8ae71d0638635daa26a91adfce41a6ae4b9d55ad1",
"created_at": 1715188614,
"kind": 1,
"tags": [
[
"proxy",
"https://mastodon.social/@FluentInFinance/112406601014203974",
"web"
],
[
"proxy",
"https://mastodon.social/users/FluentInFinance/statuses/112406601014203974",
"activitypub"
],
[
"L",
"pink.momostr"
],
[
"l",
"pink.momostr.activitypub:https://mastodon.social/users/FluentInFinance/statuses/112406601014203974",
"pink.momostr"
]
],
"content": "You will never build wealth with a high-yield savings account.\n\nA HYSA is great for your emergency fund, but you need to invest.\n\nSince 1928 the S\u0026P 500 has returned 11% annually (with dividends reinvested)\n\nNo savings account can beat investing long-term.\n\nYou can’t \"save\" your way to wealth.",
"sig": "37af6ac62044f661af1894322aa28caa1143bcbc33bff25e19e51f049ff5a8e9c83991c5d2368d686685d9a1237af7b3973464d7d155ff3d7f601de0eebf511e"
}