41 min listen
What Happened To The Banks Last Week & How Can You Be Prepared?
What Happened To The Banks Last Week & How Can You Be Prepared?
ratings:
Length:
20 minutes
Released:
Mar 20, 2023
Format:
Podcast episode
Description
I’ve been getting a lot of DMs and texts asking what my thoughts are on the recent bank collapses and what I’m doing to protect my money. In this episode, I break down how the US banking system works and go over key terms, including what a run on the bank is and how it’s changed over the past century. I explain exactly what happened with Silicon Valley Bank and what the Fed did to ensure the whole banking system didn’t collapse. Plus, I share ways to diversify your money and reduce risk going forward. IN THIS EPISODE, WE TALK ABOUT: Why you shouldn’t panic because of the recent bank collapses What’s protected (and what’s not) with FDIC insurance How the fractional reserve banking system works and why it fails sometimes How social media dramatically changed the landscape of bank runs Five ways to diversify your money RESOURCES Text DAILY to 310-421-0416 to get daily Money Mantras or Business Perspective messages to boost your day. CONNECT WITH CHRIS Follow Me: @chriswharder Visit My Website: https://chrisharder.me
Released:
Mar 20, 2023
Format:
Podcast episode
Titles in the series (100)
6: The King of FREE Media Spots, and WORKING With YOUR SPOUSE with Keith Miller: Keith grew up in a Chicago suburb and attended college at Drake University when he landed his fist internship in radio at KISS FM in Chicago. Since then, Keith finished school and moved to Cincinnati where he worked on a radio show that was heard in... by The Chris Harder Show