Re: There are about 2 million millionaires in the UK alone as of today.
"If you put a million in cash in a standard bank account you'd get about £1k a year in interest. If you invest you might get 5% but you need to pay tax on that.'
It's not worth risking that money in a bank. Better to spend some of it strategically. If you have a mortgage or a car loan, you get a better return paying them off quickly rather than over a long time with money in a retirement account earning less than half of the interest you are paying out. Buying higher quality goods that should last much longer and be worth repairing rather than cheap stuff that breaks in 90 days.
Biting the hand that feeds IT
