Why Keeping Over THIS AMOUNT In a Bank Is a Huge Mistake

Video Description

Save 20% on Brilliant’s annual Premium subscription https://brilliant.org/Nischa Reserve your spot for my next LIVE Investing Workshop: https://nischa.me/investyt My favourite savings account https://nischa.me/plum Discover why leaving too much money “safe” in the bank is actually one of the most dangerous financial mistakes you can make - and what to do instead. Disclaimer: In the UK, FSCS protection covers up to £85,000 per person, per authorised bank or building society. Some banks share the same licence, so your limit may apply across more than one brand. In the US, FDIC protection covers up to $250,000 per depositor, per insured bank, per account ownership category (for example, individual, joint, or retirement accounts can each have separate coverage). This video is for educational purposes only and is not financial advice. My products: 📶 Start Here (free): Intentional Spending Tracker https://nischa.me/ist 📊 How & Where to Invest LIVE Workshop (free): https://nischa.me/investyt 📙 Manage Your Money Like the Top 1% Toolkit: https://nischa.me/plan Other tools: UK ISA and savings accounts: https://nischa.me/plum Free fractional shares worth up to £100 (enter code 'NISCHA'): https://nischa.me/trading212 TIMESTAMPS: 00:00 Intro 01:00 Cash is the laziest worker 02:55 But about emergencies? 04:43 It feel like spending money 06:53 Insurance won't cover you 08:45 You become more of a target 12:24 What to do with your money instead? DISCLAIMERS & DISCLOSURES This content is for educational and entertainment purposes only. Nischa does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal. This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Thank you for your support! *T&C's apply