Five bank accounts for successfrom @raitryna

Transcript

Recently had a million dollar net worth at 26 years old, so I wanted to share the five bank accounts that I use to get there. Starting off with number one, this is your checking account. This is a bank account that money just goes in and out of. Your checks get deposited and you pay your bills, and I honestly wouldn't recommend carrying more than one to two months of expenses in there because you don't earn any interest on it. Next up, we have a HYSA, which is a high yield savings account. This is where the majority of your liquid cash should no, whether it's 5,000 or 50,000. If you worse saving up for anything, whether it's an emergency fund, down payment for your house, whatever it is, it should go in a high yield savings account. So you can earn between three and five interest on your money. I personally use American Express, but you can use Ally, you can use SoFi, whatever you like. Next up, we have one of the most important accounts, which is the retirement account because the earlier you start, the more money you're gonna have later because compounding is such a real thing. So if you're employed by somebody, I recommend opening up a four zero one k. And usually your employer will match you between 26%, which is free money. So why not take advantage of that? But on top of that, I recommend opening up a Roth IRA, which is a retirement account that grows tax free, and you can put up to $7,500 in there every single year. If you need help opening up a Roth IRA, I just made a video on that. So go check that out. And we have a traditional brokerage account that allows you to invest best stocks like Amazon, Google, Nvidia, as well as ETFs that rank the overall market like Yes and VOO. You can use Charles Schwab, Vanguard, Fidelity, or even Robinhood. Lastly, we have a digital asset account which allows you to purchase cryptocurrency like Bitcoin. I personally use Coinbase, but you can even use Robinhood or even Cash App. Do yourself the biggest favor and go into 2026 being financially literate and go ahead and create these five accounts.