Never Keep Over THIS AMOUNT in Your Bank

What is the "right" amount to keep in your bank? It's not always clear but in this video I wanted to give you some reasons on why having too much excess cash could be a bad thing, and what to do about it instead. ➡️ High Yield Savings Accounts Tool: https://bit.ly/highyield_HY 🌟 Companion Website for Reviews and Resources: https://humphreysguide.com 👾 Join the free Discord Community: https://discord.gg/xJzsaGaaDE 🐪 Hump Days Newsletter ➭ https://humpdays.substack.com WHO AM I? Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth. PS: I am no longer a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel! SOCIALS: * Second Channel: https://youtube.com/@hug * Instagram: https://instagram.com/humphreytalks * Twitter: https://twitter.com/humphreytalks * TikTok: https://tiktok.com/@humphreytalks ⏱️ Timestamps: 0:00 - Start Here 0:43 - You Will Spend More 2:20 - Your Cash Doesn't Work For You 4:32 - Excess Cash Illusion 6:53 - Loses Value to Inflation 9:46 - It Can Fool You 11:02 - What Is The Right Amount?