Savings and CD accounts, a deadly death trap for long term savings

We tend to open up a savings and/or CD accounts that offer 0.15 – 1.5% interest, yet we also open up credit cards that charges 8% – 30% interest. We are at a 3-4% rate of inflation. Banks leverage on your own money. The money you put aside, the banks offer that same money to someone else and charges a much higher interest.

Solution of the day = STOP working for the bank! Be your own bank.