What Bruno Mars says (in his song, Billionaire)
“I want to be a billionaire so freaking bad and buy things that I never had….. I want to be on the cover of Forbes magazine smiling next to Oprah and the Queen.”
What we can learn from Bruno:
Billionaires stay wealthy by placing funds in savings accounts that earn them interest. It’s the smart thing to do.
What we can learn about savings accounts:
The benefit of a savings account is that it is earning interest on the money, and you don’t have to do a thing! Another added benefit is that it separates your “saved money” from the money you have free to spend, making it harder to spend impulsively.
The Financial Lessons:
- You always want to have a little bit in a savings account for emergencies and larger purchases.
- Many financial institutions will offer a free savings account when you open up your checking account. Just watch out for required minimums and hidden fees!
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