What to Do with Cash in the Bank?

Left Brain Thinking

Are you one of the lucky ones that have had cash building up in your checking or savings accounts over the past few years?

With interest rates on the rise, there are plenty of ways to take advantage to outpace the rate of interest that your bank is paying you in those accounts.

Our CEO Noland Langford and Director of Research, Brian Dress, sat down for a conversation on the best ways you can take advantage of the high class problem of cash building up in your bank accounts.

There is a definite order of operations to how you should put cash to work:

(1) Pay off any outstanding credit card debt (2) Fill your emergency fund (3) Contribute to your retirement accounts (4) The "Beyond" category -- finding investment vehicles to generate a return, especially in the bond market

We end with a bonus discussion of whether it makes sense to pay off your mortgage if you have money burning a hole in your pocket. Spoiler alert: it depends!

We would love to help you answer the question of "What Should I Do with Cash in the Bank?"

Check the links below to learn how to contact us and have a much broader conversation on how to take better advantage of your strong financial position.

Get on Brian's calendar directly to discuss a game plan for how to deploy your excess cash at https://calendly.com/briandress

For a portfolio review and to learn more about our growing list of fixed income investment opportunities and our stock bounce back list for 2023, head to https://leftbrainir.com/free-portfolio-review

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