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Let me ask you a question, how much interest would you earn if you deposit your savings in the bank At first glance, it seems like at least a few percent for it to make any sense.
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Right.
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However, if you look at the numbers that's far from that, the top banks, such as the citibank for example, offer literally less than .5%.
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There are banks that offer a higher rate, but there's still less than 1%, especially since interest rates are at the bottom now.
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Think about it.
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Your money grows by .5%, while inflation is 2.5%, the intrinsic value of your wealth is literally decreasing every single year.
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You're far better off spending that money today than keeping it in the bank.
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The purchasing power of your money in a few years is going to be far less than it is now.
