Why cash in the bank is bad

Justin Harrison talks to a 16-year-old hustler who has dropped out of school to pursue entrepreneurship. 

Together, they explore questions about personal finance and investing. 

From credit cards to saving money in the bank, and understanding hard assets, Justin explains why relying solely on cash in the bank is not only risky but also irrational from an investment perspective. 

This is a must-listen episode that provides incredibly useful information for anyone, regardless of age, who is seeking to build wealth. Listen below.

In an earlier episode of the podcast, Justin Harrison spoke to a hustler with R250,000 in credit card debt. He tackled some hard truths around getting out of this kind of debt, as well as how to manage spending less than you earn when the cost of everything keeps going up.

In this season of ‘The Hustle with Justin Harrison’, Justin is focusing on your personal finance questions. Everything from saving to investing and figuring out your path with money – Justin’s got you covered.

If you would like to be part of the podcast and have your questions answered and featured in the podcast, send a voice note via WhatsApp to 081 750 2349 or send an email to [email protected].

More about Justin Harrison: 

Justin Harrison is the author of eight personal finance books; he’s a serial entrepreneur, investor, wealth creator, popular TikToker and one of South Africa's thought leaders in the financial technology space. During his career, Justin’s been involved in launching over 100 businesses. He is a passionate South African who loves living in KZN. Justin is a father of three and an avid sportsman who believes deeply that South Africa is one of the best countries in the world.

Listen to more from The Hustle via the channel below:

Main image courtesy of East Coast Radio Podcasts.