Investing is the key to building wealth, but where you invest your money matters. Putting your money in the wrong places could cost you millions, leaving you with a much smaller nest egg in retirement. I don't know about you, but I want my nest egg to be big, like T-rex big. Egg big, arm small. Some investments are so bad, I consider them to be a total scam. So today, we're We're going to look at three places you should never invest your money. Plus, you'll leveraged up to your eyeballs and just hope that everything works out somehow. Okay, I know I said we're going to talk about three places you shouldn't invest, but I'm going to throw in a bonus for you because I'm all about outrageous generosity. Don't do your investing through an app like Robin hood, M1 Finance, Cash App, Weeble, or Acorns. Here's why. Investing apps are designed to take your money, not make you money. More rhyming, baby. You have a great gift for These apps make playing the financial markets as easy as swiping right on Hinge, but they can also leave you feeling duped. Like that time you got catfish by the guy who was, ironically, holding a catfish in his profile photo. Hey, all I can say is you knew things were fishy from the start.That's on you. He got you hook, line, and sinker. But you know what? Don't give up. You keep casting that rod, girly, and eventually you'll catch a catch. Fish puns. Now, to be fair, these apps simplify and democratize the investing game, which is partially good, but they lead users to make hasty decisions and lose money, which is completely bad. And by the way, the complete opposite of the goal of investing. And it makes sense when you think about how apps are designed to get you to open them again and again. They're made to be sticky and addictive. Basically, they're the smores of the investing world. And they do this through gamification, promos, push notifications, constantly luring you back for another trade, only to smack you in the face with hidden fees and taxes. And they might even tempt you with higher risk investments like margin trading, with very little guidance, leaving you flying blind. Plus, they've got social features that can trigger some serious FOMO and lead you to chase whatever the hot stock they think is next. And you don't have to worry about all that crap if you scrap the app and avoid the trap.No cap. I'm a good chap. Well, that sounds like the world's worst Dr. Seuss book. All right, so those are just three or four of the places you shouldn't invest your money. But the question remains, where do you invest to build real wealth over time? Well, the answer is actually pretty simple. But before I tell you the best places to invest, I want to tell you about a place to save your money where it can earn some sweet, sweet interest. And that is a high yield savings account like the one offered by Laurel Road, one of the sponsors of today's video. Right now, your account balance earns 5.15% APY. Plus, there's a ton of other great perks. No minimum balance required to open an account. Your deposits are FDIC-insured, and there's no bogus monthly maintenance fees. And best of all, Laurel Road's premium care team takes great care of you when you got to talk to a real human being. It's like roadside assistance for your savings account. So let your savings start making you even more money by going to laurelroad. Com/george or just click the link in the description below. And while we're talking about totally normal stuff, let's talk about pig butchering, not like actually harvesting ham.This is a new scam you don't understand. And if it sounds too good to be true, it probably is. And if it looks like get rich quick, you will go broke even quicker. The tried and true boring stuff is what's going to win and give you the most peace along the way. The tortoise beats the hair, the crockpot beats the microwave when it comes to wealth building. Now, if you want to know more about how to invest the right way, be sure to check out this video for the proven principles of building wealth. I'll also drop a link in the description. And don't forget to like and subscribe and share this with your personal trainer so you'll have something to talk about when he sees you at Trader Joe's buying those dark chocolate peanut butter cups.In my defense, there's one gram of protein per peanut butter cup, and that's why I eat 20 at a time. Thanks for watching. We'll see you next time.

leveraged up to your eyeballs and just hope that everything works out somehow. Okay, I know I said we're going to talk about three places you shouldn't invest, but I'm going to throw in a bonus for you because I'm all about outrageous generosity. Don't do your investing through an app like Robin hood, M1 Finance, Cash App, Weeble, or Acorns. Here's why. Investing apps are designed to take your money, not make you money. More rhyming, baby. You have a great gift for These apps make playing the financial markets as easy as swiping right on Hinge, but they can also leave you feeling duped. Like that time you got catfish by the guy who was, ironically, holding a catfish in his profile photo. Hey, all I can say is you knew things were fishy from the start.

That's on you. He got you hook, line, and sinker. But you know what? Don't give up. You keep casting that rod, girly, and eventually you'll catch a catch. Fish puns. Now, to be fair, these apps simplify and democratize the investing game, which is partially good, but they lead users to make hasty decisions and lose money, which is completely bad. And by the way, the complete opposite of the goal of investing. And it makes sense when you think about how apps are designed to get you to open them again and again. They're made to be sticky and addictive. Basically, they're the smores of the investing world. And they do this through gamification, promos, push notifications, constantly luring you back for another trade, only to smack you in the face with hidden fees and taxes. And they might even tempt you with higher risk investments like margin trading, with very little guidance, leaving you flying blind. Plus, they've got social features that can trigger some serious FOMO and lead you to chase whatever the hot stock they think is next. And you don't have to worry about all that crap if you scrap the app and avoid the trap.

No cap. I'm a good chap. Well, that sounds like the world's worst Dr. Seuss book. All right, so those are just three or four of the places you shouldn't invest your money. But the question remains, where do you invest to build real wealth over time? Well, the answer is actually pretty simple. But before I tell you the best places to invest, I want to tell you about a place to save your money where it can earn some sweet, sweet interest. And that is a high yield savings account like the one offered by Laurel Road, one of the sponsors of today's video. Right now, your account balance earns 5.15% APY. Plus, there's a ton of other great perks. No minimum balance required to open an account. Your deposits are FDIC-insured, and there's no bogus monthly maintenance fees. And best of all, Laurel Road's premium care team takes great care of you when you got to talk to a real human being. It's like roadside assistance for your savings account. So let your savings start making you even more money by going to laurelroad. Com/george or just click the link in the description below. And while we're talking about totally normal stuff, let's talk about pig butchering, not like actually harvesting ham.

This is a new scam you don't understand. And if it sounds too good to be true, it probably is. And if it looks like get rich quick, you will go broke even quicker. The tried and true boring stuff is what's going to win and give you the most peace along the way. The tortoise beats the hair, the crockpot beats the microwave when it comes to wealth building. Now, if you want to know more about how to invest the right way, be sure to check out this video for the proven principles of building wealth. I'll also drop a link in the description. And don't forget to like and subscribe and share this with your personal trainer so you'll have something to talk about when he sees you at Trader Joe's buying those dark chocolate peanut butter cups.In my defense, there's one gram of protein per peanut butter cup, and that's why I eat 20 at a time. Thanks for watching. We'll see you next time.

you don't understand. And if it sounds too good to be true, it probably is. And if it looks like get rich quick, you will go broke even quicker. The tried and true boring stuff is what's going to win and give you the most peace along the way. The tortoise beats the hair, the crockpot beats the microwave when it comes to wealth building. Now, if you want to know more about how to invest the right way, be sure to check out this video for the proven principles of building wealth. I'll also drop a link in the description. And don't forget to like and subscribe and share this with your personal trainer so you'll have something to talk about when he sees you at Trader Joe's buying those dark chocolate peanut butter cups.

In my defense, there's one gram of protein per peanut butter cup, and that's why I eat 20 at a time. Thanks for watching. We'll see you next time.