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Why Keeping Over THIS AMOUNT In Cash Is a Huge Mistake

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Sinopse

Welcome back to the Building Your Money Machine Show! Today, I’m busting one of the biggest financial myths out there—and it’s something I see trip people up over and over again: the idea that the more cash you keep in the bank, the safer and wealthier you’ll be. In reality, sitting on too much cash might just be one of the riskiest moves for your financial future.Drawing from my decades as a CPA, an entrepreneur, and an advisor, I’ll break down why cash is a protector, not a builder of wealth. We’ll dig into the exact formula you can use to figure out how much cash you really need to keep, how to set up your emergency and peace of mind funds, and what to do when you’re crossing the “too much” cash line. If you want your money to work harder for you than you did for it, this episode is a must-listen.You’ll not only gain peace of mind but also learn to avoid the hidden dangers—like inflation, lifestyle creep, and missed opportunities—that come with stockpiling too much in your checking account. I’ll walk you t