How to earn
10 Interest
How To EARN HIGH INTEREST On Cash In Bank (10%+)
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imagine back 25 years ago when cash in
the bank earned so much interest you
weren't forced to invest into risky
assets that you don't know anything
about well in this video I'm gonna
explain exactly how you can still earn
investment type returns but on cash just
like the good old days so stay tuned
[Music]
all right welcome back if you're new to
the channel my name is Mark Moss I'd
like to talk about making money
investing money and just general success
principles now if you like that type of
content go ahead click the like and
subscribe button right now make sure to
hit that notification button so you know
every time I post new videos know at the
end of this video I'm gonna show you
exactly how to earn these types of
returns on your cash that I'm talking
about and I'm also gonna have this very
helpful tool that I created to track
cash flow and actually you can go
download it in the free link that's in
the description if you want to download
that tool if you don't stick around till
the very end now let's go ahead and just
get right into it so first off making
money with our money it's the most
important thing right we spend a lot of
time learning how to make money a lot of
time focusing on making money but we
don't really spend a lot of time about
what we do with our money afterwards and
so we want our money to be working
harder than we do so our money should be
making money and we're gonna be
continuing to rail on the banks now if
you missed my video from last week where
I railed on the banks I'm gonna put it
up here where we talked about the
conspiracy the banks are trying to steal
our cash but today we're talking about
making money with our cash our monies
making harder and harder and so
continuing on from that theme from last
week the banks are just lowering
interest rates all the way down to zero
they're printing unlimited amounts of
money we talked about that and as they
do that as they inflate the money supply
it steals our value it's basically
taking away the purchasing power the
money is still in the bank but how much
it can buy is gone so they're stealing
the value is still in the purchasing
power of that and the bank that the
government the Fed the central bank's
report that they're trying to keep about
a two percent inflation that means
you're losing about two percent of your
value every year however we all know
it's a much higher than that shadow
statistics says that it's actually about
five or six percent so you need to make
about 5% on your money every month just
to keep up with what it's what it's
losing what they're stealing from you
right so that's just to keep up that's
just to keep even but ultimately we want
to grow it we want we want to you know
make it grow bigger and bigger we wanted
to work hard and so it actually needs to
be making more than 5% to grow right so
if we're making 6%
maybe we made 1% when you adjust it for
inflation now this used to be pretty
easy it didn't used to be that hard now
I'm kind of old so if you're if you're
old like me maybe you remember those
days when you could put money into a CD
at the bank young kids don't even
probably know what a CD is because
nobody really uses them anymore it's a
certificate of deposit I could deposit
money and it would pay me interest I
could just put money in the bank into my
savings account and that would pay
interest and so I could leave it there
and I could earn interest but now
nothing pays interest now again like I
said when I was a kid
if I want to make myself sound old I
mean you could just put a million
dollars in the bank and you could live
off the interest so in 1984 when I was
too young kid you could make 12%
interest on your money in the bank 12%
imagine that in 1990 you could make 9%
interest in 1995 you could make six
point six percent interest now that
doesn't sound like that long ago to me
because I'm old
1995 you can still make six point six
percent interest in the year 2000 you
could still make 6% interest on your
money but today the banks pay out less
than 1% it's like zero point zero point
zero eight percent interest on average
the banks pay out
it's just ridiculous now why is that
right well as we talked about in that
video last week right what the banks are
doing they're pushing interest rates
down to zero but what it's doing is
since I can't just put money in the CD I
can't put money in the bank I'm losing
right I'm losing to inflation what it
does is it forces me it pushes me into
these risky investments right and and
most people don't know anything about
these investments they don't know what
they're doing and so what happens is is
pushing people and to take risk more and
more risk it's also creating these asset
bubbles we're not going to talk about
that if you want to know more about
pushing people into risky investments
and create asset bubbles leave a comment
down below if I have enough comments
I'll make a separate video about that
but the thing is is that investing we
always say that with investing don't
invest what you can't afford to lose so
you know if I can if I have extra money
I can afford to lose it or it's money
that I don't need for a long time it's
like for my retirement then I can put
that away and I can invest it and if I
lose
little bit hopefully I have time to make
it back but what you don't want to do is
you don't want to invest money that you
need money that you're gonna need you
know in to live off of money for
emergencies or money for the short-term
you know I've pounded the table over and
over you need to save at least a couple
of months of expenses living expenses
for emergencies you need to have that I
like to say at least six months I know
it's something that you can work up to
but also for shorter term things so if
you need to get your car fixed soon or
get new tires or buy a new cars and your
daughter off to college or whatever it
may be if there's something that you're
gonna need cash in the near term you
also want to keep that available right
you don't want to send that out where
where it has a risk of losing so we have
this cash that we're saving for
emergencies or we're saving for a short
term but it's losing value right so what
can we do with that so today I'm gonna
show you a new part of the market that
pays almost like dividend or investment
like dividends but on your cash so
that's really cool you guys want to see
that all right now there's a little bit
of a twist it's not exactly cash but
it's kind of like cash so you know that
on this channel I talk a lot about
crypto currencies I mostly talk about
Bitcoin but also crypto currency as a
technology now I can already hear the
drug the size in the back it's it's not
what you think hang on hang on so we're
talking about you you've probably heard
of if you've been hear me talk about
crypto currencies we've talked about
passive income with crypto currencies
and you could state crypto currencies
and earn rewards on that but also
there's like crypto back loans and so
basically I could take my Bitcoin my
aetherium whatever and I could I could
stake it or I could I could put it up
for loans and I could receive interest
on that now what happens is it's kind of
two ways it's it's been done I'll link
to it here there's a there's a there's a
centrally controlled model and then
there's a algorithm controlled model a
couple different ways but basically what
happens is by by using new technology
like crypto currencies they can cut out
the middleman and then you can earn a
higher percentage on that now we have
another part of the market that's not
cryptocurrency specifically but they're
called crypto stable coins and so if
you've heard of that stable coins is
kind of like what Facebook was trying to
come out with where instead of just like
BIC
that's just backed by Bitcoin and it's
always moving against the US dollar
these stable coins are always pegged one
to one against the dollar so if you
consider the dollar stable they'll
always be worth a dollar all right now
what happens is you have these
essentially controlled institutions that
are essentially peer-to-peer middlemen
and what happens is is you can give them
your money they'll loan it out at higher
rates and they'll pay it back now before
you just shut this video off let me
explain this is exactly what the banks
do so when your money is in the bank
they're not just holding that for you
they don't just hold your money
therefore when you want to come get it
what they do is they actually
fractionally reserve it so if they take
in a hundred dollars they'll loan out
ninety well that person that got ninety
goes and deposit it and then they're
gonna loan it out and on and on and on
and so they can create ten times the
amount of money on your deposits they're
loaning it out now the average that the
banks make in interest is like seventeen
percent now I know interest rates have
come down and so like home loans are
still really cheap but credit cards are
still really high especially if you miss
a payment they could be seventeen twenty
twenty-five percent interest on credit
cards auto loans are still pretty high
depending on what your credit is the
majority of auto loans are still
subprime so they're so pretty high and
so the banks are still making the same
interest they always were they just
don't pay it to you right Lindy makes a
lot of money then on top of that if you
watch that video I made last week I
talked about how most banks aren't even
actually loaning out to small businesses
and customers retail customers they're
actually invested into these derivatives
market and these in this much more risky
markets now what happens is like I said
so they're still making the same amount
of money but they just don't pay you
anything so they're keeping the whole 17
point spread and so now we have these
new peer-to-peer lenders these new
crypto lenders that are using algorithms
using technology to be able to cut out
the middleman and so they'll still make
the 17% but instead of keeping all 17
they'll pay you out six eight ten twelve
percent all right so that way you can
make a lot more money now I'm not
talking about cryptocurrencies because
if you were to put your money into
Bitcoin or aetherium or any of these
other coins that I like the values are
going up and down right Bitcoin which I
still believe is the best investment
opportunity that we have this volatile
could be worth seven thousand one day
nine thousand other day I'm back to
seven thousand again and that doesn't
work for money that I need in the short
term I put a lot of money into Bitcoin
but I'm playing a really long game so
here's what we can do what we can do is
we can take our cash and we convert our
cash into a stable coin
that's like USD coin true USD die gee
USD there's several types of dollar back
coins that we can do so when I put a
dollar on deposit they give me a dollar
back loan so that crypto token that
stable coin will always be worth a
dollar and then what I do is then I can
put that up for loan on a centralized
lending platform all right now these are
centralized they're a little bit more
controlled in the decentralized one I'm
not gonna get into that if I'm gonna
break that down another video leave me a
comment down below but some of these
centralized lending platforms are
Celsius Blankfein Nexo and crypto comm
and so we can put our money up onto
there Volo nerd out for us they'll
manage all of that and they'll just pay
us the bigger spread the big the bigger
difference like I said it's no different
than what a bank does now any time any
time you do anything there's risk right
there's risk if you do something does
risk if you don't do something there's
risk if you loan your money out there's
risk if you don't loan your money out
right like I said you're losing value
right off the bat so there's always risk
and we want to understand what those
risks are now of course when I put my
money up onto a platform I'm introducing
wrist there's counterparty risk the
counterparty there's now a third party
in between us and something could go
wrong so what we want to do is we want
to understand what those risks are we
want to mitigate that and how we
mitigate that is by doing our due
diligence on those companies we want to
look at the founders we want to look at
who the investors are we want to look at
how much cash they have on hand what
their insurance policies are and so
forth now most of the ones that I've
mentioned I've been using myself
personally I'll talk about that in a
second but what I also like to do is I
like to spread my money around so
instead of putting it all into one
platform maybe I'll divide it up by
three or four and put it across three or
four platforms so I'm spreading my risk
out now
like I said I've been using several of
these I've been doing my due diligence
I've done interviews with several of the
founders of these companies and you can
see them on the channel I've also
interviewed them on the podcast but one
that I've been using recently that
that's pretty cool
is crypto calm now this is not a
sponsored video however I do have an
affiliate link and I'll go ahead and put
in the description if you want to help
me out on the channel you can use that
affiliate link but it's not a sponsored
video but what's what I like about
crypto comm unlike the other ones is
that they gave me this really cool metal
card and I have it's basically it's a
Visa card so I can put my cryptocurrency
I can put my stable coins and I can put
everything on this card and then I can
go around and I can spend it everywhere
that visa is accepted now I travel a lot
and so what's cool is I can take this
card with me use it everywhere get into
airport lounges and all that stuff
that's pretty cool but I can also stake
so using the app I can have my stable
coins my US dollar coins that do not go
up in value up or down in value and then
I can put them up to make money on I can
make 10 12 % maybe even more 12% 16% on
my cash and then as I'm out spending I
can just spend it right from here so
it's like having money in the bank that
I have easy access to but at the same
time I'm earning high rewards so I
really like that I've been using a lot
lately it works pretty good now like
it's not a sponsored video do your own
due diligence my named about three or
four platforms that I've been trying
personally but it's really cool just
think about keeping cash you need to
keep cash for short-term expenses you
want to keep cash for emergency expenses
like I said I like to keep at least
three months if not up to six months
that's what I recommend and I just
believe that once you start building up
your cash and you start getting cash
flow you start earning interest like
what we can do by staking stable coins
it becomes really addictive at least for
me it has and so my goal about a decade
ago was to get my passive income to meet
or exceed my living expenses and once
you can do that you're financially free
you don't have to work for money anymore
it doesn't mean you have to retire but
you're not forced to work and so you
want to start building up that cash flow
and this is a great way to do that you
can earn 10% on your cash instead of
getting these risky investments
now I did tell you at the beginning that
I had this really cool tool I put
together it's a cash flow tracking tool
you can go ahead and download it I'm
gonna link it down below in the
description and basically it's I have a
video that shows you how to use it in a
guide and then it's a sheet that you can
start to put all your different cash
flow in there and you can track your
expenses your monthly expenses and your
cash flow and the goal the object of the
game is to get your cash flow to meet or
exceed those expenses and what's cool
with this sheet is that you can see it
every single month you track it you
enter that number every month you see it
and it becomes a game like I said that
you want to win and so it's worked
really really well for me it's worked
well for a lot of people that I've
worked with and so I want to give it to
you for free so go ahead and download
that down below let me know what you
think are you gonna use us stable coins
u.s. dollars peg stable coins and put it
onto these one of these platforms crypto
comm or some of the other ones that I've
mentioned let me know in the comments
down below and that's it to your success
[Music]
you
