Aubergine

Whenever the topic of billionaires are raised and discussed about, the generally accepted view often is that these individuals always possess a huge pile of cash usually in billions in their bank accounts. This idea is ignorantly shared amongst the populace thereby grooming financially unsavvy lots. In this article we would take down this myth in favour of the real reason the ultra-rich are actually referred to as billionaires and how you can grow your wealth to reflect the billionaire status. So before we demystify this, let’s take a glimpse at what a bank account (savings/current) really is. So indeed, a savings account is a form of a deposit account that bears interests on it for the holder albeit at a very modest rate at a bank or other financial institutions. These kinds of accounts are in theory good for keeping short-term cash or emergency funds which means the account possesses high liquidity potential relative to other kinds of savings instruments and investment vehicles. ...