Real estate mogul Grant Cardone believes that many Americans are getting a bad deal on their bank balances, with major banks offering nearly 0% interest rates on deposits. The national average savings rate is 4.6%, while inflation sits at 3.0%, causing the value of money to shrink over time. Cardone advocates for closely monitoring wealth and assets, emphasizing the importance of investing in high-yield savings accounts or index funds to generate more significant returns. Public offers a commission-free self-directed platform for building portfolios, while Acorns automates savings and investments by rounding up purchases to the nearest dollar. Acorns Gold offers a 3% IRA match on new contributions, an investment account for kids, and the ability to customize your portfolio with selected stocks. Sign up now and get a $20 bonus investment for a limited time. This article serves as informational only and should not be considered as advice, provided without warranty.
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