i remember the days i thought like this and actually had 100k sitting around waiting for an emergency that never happened. So I said fukk it and invested it with the rest of my money and it did very well. Idle cash stays in my brokerage account just im case there's a crash and I see opportunity. Only money you should have in the bank are for your monthly bills. Your emergency fund is technically your idle cash in your brokerage account which you can get the same day.
Mmm I also use my brokerage account like a savings account. The average return on stocks is a lot higher than interest rates you get anywhere else. Plus if you keep some capital in there you can get interest on that and have money to buy on dips. Plus chances are if you're investing smart you are gonna come up on a few positions significantly at some point.
Or you could put it in a savings account and get a wopping half a percent interest (some countries are actually at negative rates now)
Now I get if he's saying like you gotta write a big ass check same day out of nowhere, but when does that happen where you don't have 2 days to move money?
I do have money in my bank account obviously for bills and spending etc. but all my extra goes in my brokerage account.
I watched this guy explaining. If I buried 125k in 1972 and dug it up today, it's still only 125k. It actually lessened in practical value. If I had bought a 125k diamond in 1972 and kept it til today it would have been worth over a million.
Make your money work not sit.
