Putting Your Cash to Work | AWM Insights #162

With short-term interest rates currently hovering above 5% and inflation remaining elevated, the proposition of holding too much cash can be a costly one.Cash gives investors security, immediate accessibility, and certainty as there are FDIC assurances that prevent total losses, but the cost of those elements is missing out on having that money work for you.Checking accounts still have very low-interest rates relative to what can be realized in the fixed-income markets, and no one gets paid to store cash under their mattress.Being intentional with cash balances and making sure your money continually works for you is a small way to continue to build and own your wealth.Have questions for an upcoming episode? Want to get free resources, book giveaways, and AWM gear? Want to hear about when we release new episodes? Text “insights” or the lightbulb emoji (💡) to Brandon at (714) 504-7689 to join our new AWM Insights Network.Episode Highlights0:00 Intro0:41 The Importance of Cash Management2:42 The Behavioral element of holding cash and a protective reserve4:40 Inflation’s Impact on Cash6:19 Why the current interest rate market is attractive and rewarding investors that hold less cash7:55 What about CDs?9:53 Text us!