The State of My Bank Account: How Much Money I Have and My Investing Strategy

Have you ever wondered how much money someone has in their bank account? The answer for me is neither a source of pride nor embarrassment. It varies, and right now it stands at between $1.05M and $1.1M. However, beneath this seemingly sizeable sum lies a complex financial strategy and outlook.

Current Financial Situation

As of today, the amount in my bank account is relatively modest. It's enough to keep me from becoming homeless, but far from enough to buy a private island. Most of my money is currently being invested for greater returns. I believe my money should work as hard for me as I did to accumulate it.

Diversified Investment and Savings

I have accounts with several banks, and this diversification helps to spread risk. Today, if you added up the balances across my various accounts, my total would fall between $1.05M and $1.1M. But, this isn't all I have; I also have other forms of investment and savings.

Recent Gain and Family Wealth

A significant portion of my current financial position comes from recent gains, such as the sale of my subdivision land to the Scarf family last Thursday. Additionally, my mother recently became a multimillionaire. She had accounts across four different banks, with one holding more than expected, and she also had life insurance policies, which further bolstered my inheritance.

Practical Savings and Emergency Preparations

Towards the end of each month, my bank account is left with only about $200. My wife handles all of the household bills, so this sum covers my phone bill, Netflix subscription, and some minimal online shopping expenses. The rest of my savings are kept in cash and gold at home, as I do not trust bank withdrawal capabilities in a crisis or SHTF scenario, a fear that has grown stronger since the global pandemic and the ongoing war in Ukraine. Even in a country like Japan, where the concept of prepping might seem less urgent, there is a risk associated with relying on savings accounts that offer virtually no interest (0.1%) in today's economy.

Investment Philosophy

Currently, my investment strategy is focused on maximizing the return on my hard-earned money. I find that savings accounts in today's economy barely offer any interest, making them barely worth the bother to maintain. Recently, I earned a mere 12￠ last month for keeping a balance over $10K in an interest-bearing checking account. It seems that the return on investment is the most valuable form of wealth management right now.

Conclusion

In conclusion, the actual amount of money in my bank account is less the highlight of my financial life and more a point of practicality. My primary focus is on investment and strategic squirrelly habits. Whatever the current balance, it's about sustaining and growing my assets for the long term.