Why You Should Love Your Savings Account
Apr 21, 2025
Keeping 3 to 6 months reserves in a bank account feels like torture, right? You want this money working for you - not just sitting there, accruing .0001% interest.
But, what if you looked at it this way? Cash reserves brings you this:
- Peace of mind
- Operating without a cushion = scarcity mindset. Operating with a cushion = abundance mindset
- You can access the money in minutes, while accessing funds tied up in an investment account may take several days or weeks.
- You no longer work with clients you don’t really like
- You are more patient at finding your way because you do not buy into the “get rich quick schemes”
These five things are waaaayyyyyy better for your business. If you want to have an investment account - set that up separately from your Savings account. Your Savings account is to bring you financial support, not make you money.
Want to read more about the four STOP bank accounts for every business owner? Here is my book that goes into detail on how to set them up for your business: CLICK HERE