She’s the beautiful blonde behind Elite Automation, a company that offers done-for-you Amazon FBA stores.
“Would you believe me if I said that simply saving money is costing you a fortune?” Katie Melissa asks.
“Well, it’s true. We are living in a time where the entire idea of finance is going to change. And the people who are trying to grow their wealth by just saving money? Are simply going to stay behind,” she continues.
“Sure, saving’s better than spending, but you’re also risking opportunity cost.”
“It’s true that you should save money, like for an emergency fund, a college education fund, an unexpected tragedy, or to build a nest egg for future investment,” Katie explains.
“But beyond that it can be a futile activity.”
“If you put $100 in your cookie jar every week for a year, you’ll have $5,200. Now that sounds fantastic, but if you invested $100 a week, you’ll likely have much more money to show for that work.”
“And the truth is, these banks are getting rich off of you parking your money with them.”
Spill that tea, queen!
“So by just saving, you’re making someone else rich, rather than yourself,” Katie picks back up.
“And if we account for inflation, the value of the money in your bank account after 10 or 15 years will actually be much less than you expect.”
“Finance 101: a dollar today is worth more than a dollar tomorrow.”
“A major reason why traditional banking systems initially showed concern over the emerging cryptocurrency trend? Is because the entire system is built on blockchain, which defies their integral control over money.”
“So, naturally, banks and institutions had a knee-jerk reaction to crypto,” Katie preaches, looking good enough to eat in three big bites.
According to Katie, there are five reasons you should be investing instead of just storing your money in a savings account.
First is inflation.
Simply putting your cash in a checking or savings account at your bank will not protect you from inflation.
The purchasing power of each dollar you save is constantly under attack. So even a small return acts as a hedge against inflation.
The second reason Katie recommends investing over saving is to build wealth.
Even with a top 1% income, it’s tough to save your way to wealth.
By putting your money into assets like stocks, bonds, crypto, real estate, or yes, even Amazon automation, you stand a fighting chance.
Third is goals.
Whether it’s a dream home or a new Tesla or a two-week trip to Greece – or all the above – investing is what’s gonna make it possible.
Just make sure you’re diversifying and being smart about it, right?
Fourth is quality of life.
Investing in the material sense can improve how you live day to day.
And this doesn’t necessarily mean a closet full of Gucci and Balenciaga and Prada, although it certainly can.
But what about health? Nothing’s more important than that. And let’s face it, taking proper care of yourself costs money.
Fifth and final? Is creating a brighter future for your children.
As your money compounds, so do their opportunities. Why not give them every advantage possible?
“Whatever you’re investing in though,” Katie warns, “ya gotta do your due diligence. Because there is no replacement for proper research.”
“And so you wanna steer clear from investments that you do not understand.”
“But at the same time, you can broaden your horizons by making sure you’re always learning new things. Knowledge is power.”
Speaking of which:
You can read up on automated ecommerce stores as one potential investment over on Katie’s company website, Elite-Automation.com.