What Is A Money Market Account?

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Information What Is A Money Market Account?

Title	:	What Is A Money Market Account?
Lasting	:	2.49
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Views	:	361 rb

4 years later, this is the only safe strategy right now Stocks are too volatile for average joes
Comment from : @nuudelz3711

I have a money market with Schwab SNSXX it pays 48 with no state tax He should stick to selling books
Comment from : @awakenotwoke4830

Regular Money Market Accounts, or MMAs, tax the interest as ordinary income but offer higher yields You can get tax exempt MMAs with lower yields, but you would have to feed them plenty to get anything realistic out
Comment from : @Kudeghraw

Came out with more than I walked in with Thanks
Comment from : @madmaxbdw

The average stock in my portfolio has been cut in half, and the only way to make money next year has been to either short or to trade long in very short time frames I'm still at a crossroads deciding if to liquidate my dipping $117k stock portfolio, what’s the best way to take advantage of this market?
Comment from : @MaximilianFischer497

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money I started investing below the $100k mark and in the first 2 months, my portfolio was reading $234,800 Crazy right!, I decided to reinvest a huge percentage of my profit and it got more interesting! For over a year we have been working together making consistent profit just bought my second home at the beginning of summer
Comment from : @Donnafrank-k6e

She literally couldn’t just google this?
Comment from : @HHHPedigrees

2023 they did well from 4-6 but as the Fed continues to makes cuts those rates are going to slip away back down to woeful levels ( 01-2) Might be worth finding a different place to stash you cash in the near future
Comment from : @ericsRANDOMclips

my account pays 426
Comment from : @CodyCloudWalker

I appreciate your commitment to guiding others toward financial success We all strive for security and a better quality of life, and this can be achieved through smart investments, mindful spending, and effective budgeting I'm thankful I discovered the value of hard work and financial independence early on in my journey
Comment from : @caseybills5517

FDIC?😂 Do you still believe in the Tooth Fairy?
Comment from : @daveb8679

Guy on left sounds like he is the one who will announce the Doomsday 😅
Comment from : @PRUDENCEIAS

In South Africa they offer 82 for our banks money market accounts Might be thinking the currency South African rand is super bad you wanna keep your money in that, its actually been quite stable at R18 to the dollar for a couple of years now, not a bad investment
Comment from : @francoisrautenbach270

Mines gets 5 You can shop around and price match interest rates
Comment from : @MissAlissaxX

This was very helpful! Thank you 🙏🏾 ❤🎉
Comment from : @MalaniGaines

Lies!!! It’s actually the best dummy proof way to wealth Every year put 5k in it for 6 years and it will change your life Add an extra 1k to it yearly and be amazed Thank me later with 1k please
Comment from : @OMGTREY92

I got a 3 million dollar settlement and put it all in a money market averaging 41 yearly and I live off the interest which is about 100k before taxes
Comment from : @Varig0270

1- Money market account at your convenience bank with low return rate orbr2- Real Money market account at a large bank branch and returns more interest
Comment from : @CIAragDe

Who is the guy next to dave?
Comment from : @NourMohamed-i5w

Now it’s 53
Comment from : @BP-1972

A carefully analyzed MONEY MARKET can eventually yield good results if properly traded, purchase of mutual funds and the yielded percentage per trade is the key thing to put into consideration and worked towards calculating the profit line correctly,it seems complicated though but with a proper guidance one can easily achieve these and settle for the best It has been my moments of good and positive results since I came in contact with Jason Herman Pierce a professional who is well equipped and read in the field
Comment from : @VictorFabian-lg8ku

Feel investors should focus on under-the-radar stocks, especially given the present rollercoaster nature of the stock market, because 35 of my $270k portfolio consists of plunging stocks that were once respected, and I'm at a loss for what to do now
Comment from : @hillaryrowland1

An individual may invest in the money market by purchasing a money market mutual fund, buying a Treasury bill, or opening a money market account at a bank
Comment from : @rosannaconstil571

I found a money market account over 5 is this legit?
Comment from : @mike8pie751

Some money market accounts are now paying 525
Comment from : @ralphturner3798

Is it harassment if every time I go to the bank they keep on taunting me about getting a money market account even though I already told them NO
Comment from : @ojSimpson-g8f

2024 and money market is now 5
Comment from : @davidzambrano9126

But what about a high yield savings account paying 5 intrest
Comment from : @dennisswanberg1718

Well, you can actually get 52 APY on money market right now so I guess you can get something decent
Comment from : @pepeanzarut

Its for emergencies only Earns money yes but it takes years for it to be any usefull
Comment from : @stress7024

I have to constantly remind myself that the whole world has money in the US stock market and the rest of the world is as dependent on us are we are for them Therefore, the market will ALWAYS find a way to always correct itself Now is the time to invest 5 is out there Now if our country can stay a country things might start to get better for many
Comment from : @urmailman

Help, I'm a teacher that put 9,000 in a citi bank high interest savings account for an emergency fund When My debit card did not arrive, I called the bank Now my account has been frozen They said it is fraudulent and won't give me my money back They give me the run around when I call or hang up on me This has been going on since July 2023 Please help! They literally stole my money The money was transferred directly from my regular bank account and they won't return it
Comment from : @lorrielephew1966

That guy's voice is amazing
Comment from : @saltyapostle44

A lot of banks are now offering 5 and above You can make some serious cash over the years
Comment from : @mikebarrett8572

I'd rather trade the Crypto market as its more profitable I make an average of $15,000 per week even though I barely trade myself
Comment from : @LindaTheodore-bs9ex

Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them well at least my advisor does lol
Comment from : @ryanwilliams989

5 now😎
Comment from : @Anthony-zw1qb

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them We can get by, but can't seem to get ahead My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for
Comment from : @Amelia-Elizabeth

I know this video is from three years ago but at current the money market seem to be pretty good Wonder how long this will last?
Comment from : @MrJoecook831

They’re relevant now that inflation is high
Comment from : @bytemarcz

420 APY with Discover If you have a ton of money you know you wont use its not bad but should by no means be your primary investment plan ie you have 10,000 dollars in one for a year thats a extra $420 in your bank (minus the pennies a regular savings account would have given you) However that is nothing compared to slightly risky stocks!
Comment from : @kakashi99908

I like the money market treasury funds instead of the bank
Comment from : @Anthony-zw1qb

Miss Chris Hogan 😢
Comment from : @mmp495

Woah this dude sounds like Jim Ross
Comment from : @AZNxBlackTech

Uhh so he just explained that banks don’t offer a “real money market account” but never explained specifically what a real money market account is Wtf
Comment from : @martinlutherkingjr5582

Thanks Dave! Love listening to this guy, I don’t agree with everything(like I think building a great credit score is good for people) but he describes things well
Comment from : @MatthewSheaSullivan

WE MISS CHRIS
Comment from : @416TeamNoSleep

I forgot about Black Dave
Comment from : @is0sceles

They pay 2-5 now
Comment from : @tomastv9181

GMAC had 4 a few years ago
Comment from : @lchope573

Or parking it In there until your 18 and you can actually start investing
Comment from : @tylerm1945

Thanks fellas
Comment from : @uzziyahuim-ul4666

I’ve just Ben parking my money in checking account (direct deposit from work) while I save for a home Am I foolish for doing this?
Comment from : @GeneralSirDouglasMcA

It's pretty much just a high yield savings account
Comment from : @Tr1Hard777

So confusing how he explained it
Comment from : @desteepooful

He answered her question like she's a fine man's graduate 😄
Comment from : @valricotv8655

Question for you smart people that understand money brbrIf I use this to save money for land to homestead on and I also add money in it every paycheck (about 100$) would it work?
Comment from : @firefixing4125

Mrs Patricia is legit and her method works like magic I keep on earning every single week with her new strategy
Comment from : @beckysimmos2032

I park my money in forex It’s not gone so well 😜
Comment from : @deeeznutzzz4336

Thx for clearing that up!
Comment from : @stankinwooty04

What you use to get rich?
Comment from : @rickeyalyles7609

Exactly what I use my MMA for, Emergency fund and 3-6 months worth of bills saved That's it
Comment from : @VladTepesh409

Boonk gang
Comment from : @willchadwick3807

Are there fees to withdraw money from your money market account?
Comment from : @msashley7643

Why not google instead of calling Dave ramsey
Comment from : @ggreddy3568

He sounds like Jim Ross
Comment from : @garcia102002

Chris Hogan is my spirit animal!
Comment from : @diamondlady693

1:15 brbrChris: Dav I need the micbrDav: Wait I'm not finishedbr1:38brbrChris: I really need the mic Dav, what's wrong with you???!brDav: Not finished yetbr2:10brbrChris: I warned you dav, I'm getting it right now
Comment from : @AKAtareq

😊😊🙏🏽
Comment from : @bristephens9642

Hi Mr Ramsey, I keep hearing about Heloc to pay off mortgage is that true? Do you suggested to people?
Comment from : @letsgoalllight

Dave G’d up with the jacket
Comment from : @SlipperyPete42069

Might as well get a "high yield" savings with the feds lowering interest rates they're not very attractive but its better than what your local bank will offer you
Comment from : @manuelf1181

It seems like all MMA, CDs and saving accounts nowadays are straight trash Interest rates are a slap in the face
Comment from : @Rivs5117

No bank will pay you high interest when they can just get money from Fed at 025?
Comment from : @rayallen953

I like how the computer sticker says "everyday millionaires" Lol We're all going to be starving billionaires after the Fed's done printing to the moon!
Comment from : @Username-i9t

Thanks for asking
Comment from : @WingsHype

It dudn’treminds me of President Bush ‘W’miss that guybrGood explanation, good place to put some or all of your emergency funds, but it’s not a wealth creatorknow that
Comment from : @keithphillips1722

Kind of forgot she was there because they don’t let her talk
Comment from : @AlecDaStar

High yield savings or money market accounts are nonexistent anymore unfortunately haha It’s very sad
Comment from : @RealLifeMoney

Keep your emergency fund in a savings account It’s all about liquidity and easy access to that money when you need it The interest rates are so low today that MMA’s and CD’s are useless
Comment from : @ThePatriots010304

Quick question I’m 18 years old just graduated high school and I’m looking to start up my credit score and such what is the best way to do that why I ask is well everything asks for a score these days I couldn’t even get a phone and a phone bill at a local phone company without a credit score so I bought one straight from Walmart and straight talk maybe it will work decent in my area lord knows AT&T prepaid doesn’t oh and I love your videos your a very intelligent person and I love that you give God all the glory for it thanks for being a light in people’s darkest hours on this side of eternity and maybe just maybe they will take away from what you teach and find Jesus along the way as well thank you again and may God bless you
Comment from : @devinjessie9084

Is it true if you have 💲250,000 in a money market account will your dividends will be like 💲2,000 a month? Anybody?
Comment from : @DeionSardines

Pretty much high yielding savings account >1 interest
Comment from : @livingunashamed4869

High Yeild Savings is the way to go Not sure why Dave is still pushing MMAs Isn't this show about budgeting? Building wealth? No matter how small an amount you get on either, I'm just not up for leaving any money on the table- esp if it's totally passive income
Comment from : @kierah16