Are You Saving Too Much in One Bank? Read This Before You Do!

That some people think oh has anyone got 85k to save? Yeah actually people that have like 10 times that amount. I know because from money wise Dr. I've seen like my cpu who are earning like 150k, 200k but they are in debt. Then you see another person earning 50k and they've saved like 250k. So but understanding the risk of FSCS you don't want to be saving more than 85k in a bank and remember that you pay interest if you save above your savings allowance. We talked about the risk with stocks, an index fund because stocks could actually go up or down. I mentioned 1925. There was 1929 stock market crash. Many of us here lived through 2008 global financial meltdown and then 2010 was just a flash crash. There was 2020, the COVID crash which from an investment point it was a gift because there were so many things that were selling far far below their core value as a company.