How I Made $932 in Interest From a Tiny Account
Gideon For-mukwai, Ed.D Story Strategist
Story-selling steeped in neuroscience → I used to fight deadly fires. Today, I help business owners fight business fires.
Have you ever earned anything substantial from your savings or checking accounts?
What is the point of keeping a good chunk of your money there?
The more I learn, the more I realize it is the dumbest thing to do.
For most of my life, I kept my money in a savings or checking account. What a blunder!
When the pandemic started I stumbled upon a whole new way of saving and growing my money. Credit to my wife for going to Silicon Valley to learn how the rich keep and grow their money.?
Phew! I wish I knew this earlier in my life. For years, I thought real estate was the only way.
I was young, I was wrong, I was dumb!
In 2020 I moved less than $10K? from my savings account to a different type of account. Within one year, I earned $932 in interest!
I could not believe that rate of return with zero effort! It gets better.
It could have been much more, they told me. Besides the growth, I also had a stream of other wealth and health protections. Guaranteed.?
It got me thinking, what if I had 5 of such accounts??
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For years, I read a lot of self-help books, but I seldom read books about wealth, finances and health.
So much for a guy with a terminal degree.?
OMG! It hurts to say, I know many terminally educated brothers with terminally-sick bank accounts.?
This has to change! Am no longer going to be anyone‘s financial deadbeat donkey. Lately, I have been chewing up anything I can find on financial freedom, financial awakening, financial readiness, and financial resiliency.
I believe financial freedom is a human right for all. It is also more than a right for the highly educated.
My goal is to change my family‘s financial narrative.?
Along the way, I must also reach out to the highly educated and recently immigrated because I share in the burden of living in the shadows of their world. It hurts.
I believe it is the best way to honor my mother‘s legacy. To continue growing from my agrarian upbringing in Africa to a more financially progressive and aggressive awakening.
Hopefully, that will spur my peers and progeny to inherit or learn a thing or two from me.
Yes, I now believe that if you want to change your narrative, you must first change your finances.