Feb 27, 2020
Do you think that it is a good idea to save money in a savings account? The Engineer Of Finance gives us a piece of advice when it comes to savings and liquidity. Stay tuned until the end as Ken shares his insights!
Ken Greene transitioned from being a Professional Engineer (P.E.)
to the “Engineer of Finance.” His goal is to help people become
financially independent and help them earn better yields with less
risk by investing Off Wall Street.
Links and Resources from this Episode
- For resources and additional information on this episode go to http://engineeroffinance.com
- Connect with Ken Greene
Book a meeting with Ken
- If you liked what you’ve heard and would like a one-on-one meeting with the Engineer Of Finance click here
Show Notes
- What happens when money is not liquid? - 0:38
- Protecting your money - 2:24
- What it means to have money liquid - 3:28
- Explaining a dangerous strategy - 3:34
- Diversification of strategies to store your money - 4:33
- A liquidity problem - 5:05
- Why having liquid assets is important - 6:18
- Differences between savings and investments - 6:48
- Having money in a savings account - 7:50
- Savings create liquidity - 8:56
- Investments can be illiquid - 9:55
- Investments that can become illiquid - 11:49
- Using The Bankosaurus® as a strategy - 12:58
- Good ways to create liquidity - 13:17
- The importance of liquidity when it comes to investments - 14:28
- Ken's favorite savings strategy - 16:11
- What happens when you create large amounts of liquidity - 17:44
Review, Subscribe and Share
If you like what you hear please leave a review by clicking here
Make sure you’re subscribed to the podcast so you get the latest
episodes.
- Subscribe with Apple Podcasts
- Follow on Spotify
- Subscribe with Stitcher
- Subscribe with RSS