What Happened To The Banks Last Week & How Can You Be Prepared?

<p dir="ltr">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. </p> <p dir="ltr">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. </p> <p><strong> </strong></p> <p dir="ltr">IN THIS EPISODE, WE TALK ABOUT:</p> <ul> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Why you shouldn’t panic because of the recent bank collapses </p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">What’s protected (and what’s not) with FDIC insurance</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">How the fractional reserve banking system works and why it fails sometimes </p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">How social media dramatically changed the landscape of bank runs </p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Five ways to diversify your money </p> </li> </ul> <p><strong> </strong></p> <p dir="ltr">RESOURCES</p> <ul> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Text DAILY to 310-421-0416 to get daily Money Mantras or Business Perspective messages to boost your day.  </p> </li> </ul> <p><strong> </strong></p> <p dir="ltr">CONNECT WITH CHRIS</p> <p dir="ltr">Follow Me: <a href= "https://www.instagram.com/chriswharder/?hl=en">@chriswharder</a></p> <p dir="ltr">Visit My Website: <a href= "https://chrisharder.me">https://chrisharder.me</a> </p>