A trip to the grocery store, gasoline in your car, a dinner out at a restaurant, renting a car, and more – everything seems to cost more these days.
In March 2022, the price of consumer goods was up 1.2% over February and up 8.5% year over year, according to Labor Department data. It seems like anywhere you spend money, your dollar isn’t going as far as it used to.
That’s why it’s more important than ever to earn meaningful returns on your savings.
There are lots of websites with money-saving tips, from cooking at home instead of eating out, getting rid of your cable, making gifts instead of buying them, canceling gym memberships and more. And some, or all, of those tips can work. But the most important step to take, according to a CNBC article, is to make your money work FOR you.
Kevin O’Leary, O’Shares ETFs chairman and judge on CNBC’s “Money Court,” noted in the CNBC article that: “Right now in a bank account, you’re getting [very little] interest. And inflation is over 6%. So you’re actually losing money every 12 months.”
That’s where a Wealth Building Account can come in - by growing your money instead of losing it to inflation.
The Fair Wealth Building Account can help you to generate high-yield returns from your balance, without any extra fees or hassle.
How does it work? The Fair Wealth Building Account invests your money in dividend-paying assets and passes along most of those returns to you. The return on your Wealth Building Account is 4% annually, and it’s paid monthly. There is no minimum balance requirement, and there’s no cap on your balance that is eligible for dividends.
Even better, Fair won’t charge you any additional fees for your Wealth Building Account.
For added peace of mind, Wealth Building Accounts are SIPC insured. All you need to do is sit back and watch your Wealth Building Account balance grow.
Learn more about the Fair Wealth Building Account here.