Lesson 5: Cash & Cash Equivalents. Savings accounts, money markets, T-bills — not the same product.
$1,000 under the mattress for 30 years. Just as wealthy?
Gut check first.
Assessment
You leave $1,000 in cash in a drawer for 30 years. The bills are all still there and still add up to $1,000. Are you just as wealthy as the day you put them away?
$1,000. Thirty years. One drawer 💤