Friday, September 13, 2019

What is 2.55% APY~~30 Days in and Beyond

A quick google search for the best savings account yielded a 2.55% APY on a minimum daily balance of 5k.  Have you ever wondered why they will pay you, but you have to keep a significant amount in your account to receive that reward AND earn that interest?  Well, our banking system, uses our money to invest and the profit they collect is then used to make loans to those they deem creditworthy.  The banks are the market movers in Forex.  Your minimum ensures that the investors they hire have enough to play with.  All legal of course!-- one of the many reasons that our deposits are insured at no cost to us.

That 5k investment, untouched for one year will net you a whopping $127.50.  Now I am not knocking free money.  But most of the families I know need that money as working capital to fund their lifestyles and are not letting 5k sit for a year. What about your new knowledge of what they used your minimum for?  Do you still think this method of compounding was free?

Because I trade Forex Currency, I compound my own money.  This $20.00 journey will outpace the yearly rate of investment above in approximately 90 days!  In just 90 days, my $20.00 has the potential to grow 5 times its size. In fact, this week's results have been so phenomenal that this account has risen 58.55 %!!

So many times, our families are missing out because we think that this cannot be OUR story.  Well, the only reason it is not our story-- is that we have let complacency keep us from starting.   The $20.00 I started this journey will barely feed my family of 8 one meal.  It is hardly a half a tank of gas.  If I am treating myself, it won't cover a week of my favorite lattes.  I think it is fair to say that I did not risk being homeless to start an investment of just $20.00.

I'd love for you to join me on this journey to be financially free.  Maybe instead of waiting on our next raise; it's time we give that raise to ourselves!  You can apply for free mentor-ship here: Mentor-Ship Application
*The information here is for educational purposes only. Risk Disclaimer for Forex Trading
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.  Past performance is not indicative of future results.  The high degree of leverage can work against you as well as for you.  Before deciding to invest in foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite.  The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money you can not afford to lose.  You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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