The Best Personal Finance Advice Is To Actually Invest Less

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I have tens of thousands of dollars sitting in various savings accounts.

To most investing and personal finance experts, this is a really dumb decision.

I’m letting my money get pummeled by inflation. How dare I not leverage at least another $10,000 to make myself some extra money in the stock market?

Am I insane?

Do you think I’m stupid?

Vote now on your phones.

I thought I was for a long time. That’s why I recently invested $10,000 into various cryptocurrencies. I wanted my money to start working for me, not against me.

But I recently read a book called “The Psychology Of Money” that convinced me I’m actually not a complete moron. Here’s an excerpt from the book:

“What is the return on cash in the bank that gives you the option of changing careers, or retiring early, or freedom from worry?

I’d say it’s incalculable. It’s incalculable in two ways. It’s so large and important that we can’t put a price on it. But it’s also literally incalculable — we can’t measure it like we can measure interest rates — and what we can’t measure we tend to overlook.”