What Is A Money Market Account?

Video quality	The size	Download

Information What Is A Money Market Account?

Title	:	What Is A Money Market Account?
Lasting	:	2.49
Date of publication	:
Views	:	224 rb

They’re relevant now that inflation is high
Comment from : Counter Comms

420 APY with Discover If you have a ton of money you know you wont use its not bad but should by no means be your primary investment plan ie you have 10,000 dollars in one for a year thats a extra $420 in your bank (minus the pennies a regular savings account would have given you) However that is nothing compared to slightly risky stocks!
Comment from : Duck

Go straight to 1:55 where its simplified
Comment from : Brian Major

Discover has good money market account
Comment from : Thomas Hamby

I like the money market treasury funds instead of the bank
Comment from : Anthony

Miss Chris Hogan 😢
Comment from : M

Woah this dude sounds like Jim Ross
Comment from : xAZNxBlackTechx

Uhh so he just explained that banks don’t offer a “real money market account” but never explained specifically what a real money market account is Wtf
Comment from : Martin Luther King Jr

Thanks Dave! Love listening to this guy, I don’t agree with everything(like I think building a great credit score is good for people) but he describes things well
Comment from : Matthew Sullivan

WE MISS CHRIS
Comment from : MalikNoSleep

I forgot about Black Dave
Comment from : isosceles

They pay 2-5 now
Comment from : Tomas TV

GMAC had 4 a few years ago
Comment from : Craig H

Or parking it In there until your 18 and you can actually start investing
Comment from : Tylerm

Thanks fellas
Comment from : Uzziyahu Im-UL

So where should we invest money today? Like right now?
Comment from : Oneris Barett

I’ve just Ben parking my money in checking account (direct deposit from work) while I save for a home Am I foolish for doing this?
Comment from : PidgeyPotion

It's pretty much just a high yield savings account
Comment from : Og maco Sheesh

So confusing how he explained it
Comment from : Destinee

He answered her question like she's a fine man's graduate 😄
Comment from : VALRICO TV

What is the best way to make money from investing now please
Comment from : Louisiana_gov

Question for you smart people that understand money brbrIf I use this to save money for land to homestead on and I also add money in it every paycheck (about 100$) would it work?
Comment from : everglades draon

Mrs Patricia is legit and her method works like magic I keep on earning every single week with her new strategy
Comment from : Becky Simmos

I park my money in forex It’s not gone so well 😜
Comment from : DEEEZ nutzzz

Thx for clearing that up!
Comment from : King Tut

What you use to get rich?
Comment from : Rickeya Lyles

Exactly what I use my MMA for, Emergency fund and 3-6 months worth of bills saved That's it
Comment from : テェぺシュヴラッド

Boonk gang
Comment from : Will Chadwick

Are there fees to withdraw money from your money market account?
Comment from : Ms Ashley

Why not google instead of calling Dave ramsey
Comment from : GG Reddy

He sounds like Jim Ross
Comment from : Fernando Garcia

Chris Hogan is my spirit animal!
Comment from : Diamond Lady

1:15 brbrChris: Dav I need the micbrDav: Wait I'm not finishedbr1:38brbrChris: I really need the mic Dav, what's wrong with you???!brDav: Not finished yetbr2:10brbrChris: I warned you dav, I'm getting it right now
Comment from : TZKgaming

QuestionbrbrWhere I'm from, which is Costa Rica, you can easily live off $4k a monthbrbrWould it be a good idea to inevst $200k in a money market in that case?
Comment from : ronald castro vega

😊😊🙏🏽
Comment from : Bri Stephens

Hi Mr Ramsey, I keep hearing about Heloc to pay off mortgage is that true? Do you suggested to people?
Comment from : lets go all light

Dave G’d up with the jacket
Comment from : SlipperyPete

Might as well get a "high yield" savings with the feds lowering interest rates they're not very attractive but its better than what your local bank will offer you
Comment from : Manuel F

It seems like all MMA, CDs and saving accounts nowadays are straight trash Interest rates are a slap in the face
Comment from : Rivs

No bank will pay you high interest when they can just get money from Fed at 025?
Comment from : ray allen

I like how the computer sticker says "everyday millionaires" Lol We're all going to be starving billionaires after the Fed's done printing to the moon!
Comment from : III

Thanks for asking
Comment from : Desmond Duece

So is this where I put my emergency fund?
Comment from : Will Mallory

It dudn’treminds me of President Bush ‘W’miss that guybrGood explanation, good place to put some or all of your emergency funds, but it’s not a wealth creatorknow that
Comment from : Keith Phillips

Kind of forgot she was there because they don’t let her talk
Comment from : Alec Pointer

High yield savings or money market accounts are nonexistent anymore unfortunately haha It’s very sad
Comment from : Nick Scuderi - RealLife Money

Keep your emergency fund in a savings account It’s all about liquidity and easy access to that money when you need it The interest rates are so low today that MMA’s and CD’s are useless
Comment from : ThePatriots010304

Quick question I’m 18 years old just graduated high school and I’m looking to start up my credit score and such what is the best way to do that why I ask is well everything asks for a score these days I couldn’t even get a phone and a phone bill at a local phone company without a credit score so I bought one straight from Walmart and straight talk maybe it will work decent in my area lord knows AT&T prepaid doesn’t oh and I love your videos your a very intelligent person and I love that you give God all the glory for it thanks for being a light in people’s darkest hours on this side of eternity and maybe just maybe they will take away from what you teach and find Jesus along the way as well thank you again and may God bless you
Comment from : Devin Jessie

Is it true if you have 💲250,000 in a money market account will your dividends will be like 💲2,000 a month? Anybody?
Comment from : ItsDifferent 32

Pretty much high yielding savings account >1 interest
Comment from : Living Unashamed

High Yeild Savings is the way to go Not sure why Dave is still pushing MMAs Isn't this show about budgeting? Building wealth? No matter how small an amount you get on either, I'm just not up for leaving any money on the table- esp if it's totally passive income
Comment from : Keira C

Thank you for sharing 🙌
Comment from : Jade Trading

Love the tracksuit
Comment from : chainsawhanshaw

I feel like I know even less about Money Market accounts after listening to this videobrSeriously, I love Daves message and all, but these videos and most of his course are virtually worthless to the financially illiterate Sometimes they forget a lot of people don't even know the basics
Comment from : LordUzaki

I knew what a Money market account was before the call After Dave “explained” it now I have no idea
Comment from : The Guy

So if not money market accts what would yall reccommend to get a decent interest rate to get richer
Comment from : Crazyhart

Google it 🙄
Comment from : Steve Xspeed

Individual blue chip stocks only for me rn
Comment from : Armando L

bIt's better to invest in Index ETFS other than have that account/b
Comment from : THE MILLENNIAL MARKET

She had more than one question, but they didn’t even get to more questions!
Comment from : Romil Patel

Ramsey got that swag on
Comment from : test it

So where do I put my 3-6 emergency fund? CD , Money market , or regular savings account?
Comment from : Miguel Lopez

I’ve researched MMAs and they offered worst interest rate and no benefits over online high-yield savings accounts
Comment from : The Cat Next Door

There are stricter rules with withdrawing money from the account, which is a good incentive for those who want to save
Comment from : K P

It's kind of sad how generally clueless people are about finances
Comment from : TeKnoVKNG23

A money market account is a place where you put your money to lose money
Comment from : Arie Fraiser

A money market account or money market deposit account is a deposit account that pays interest based on current interest rates in the money markets
Comment from : Talking life

Do not sell your Hongkong bonds It will surge believe it or not
Comment from : 旮旯北京

These online savings accounts are looking less attractive by the month
Comment from : Think Money

Would you folks believe I fetch 7 on one of my savings accounts here in India?
Comment from : Project Better Finance

So Dave where do we put our money and if we have an extra $5,000 to invest? How can we get the most out of that?
Comment from : Luci Lanuchi

Look into "Celcius Network" - they offer about 8 pa on USD no fixed terms
Comment from : OriginalVegas

Didn't the caller have the 2nd question? lol
Comment from : dkgong

Ally Bank is my preferred savings account and it often is giving the higher interest rate than some money markets ,most really
Comment from : Jeroñe

Money market accounts seem to be going the way of the dodo bird Historically, they offered a higher savings rate than a savings account, but that doesn't seem to be the case for the most part since the financial crisis Interest rates are just too low that banks are not offering anything You're lucky to get 1 if you have an online bank account Most banks don't even offer money market accounts anymore
Comment from : Brock B

What is the best bank to have your money in a money market?
Comment from : PIT BULL

A place where you park you money to lose money to inflation High yield savings account which essentially holds your money in municipal bonds minus the banks take currently 1? 🤔 why not just put some of your emergency in municipal bonds and corporate bond etf like BND
Comment from : K Roddy

Hey uncle Dave miss ya and wondering when you are gonna come back down to Georgia! Love ya
Comment from : Resell Chase

I may not get rich off my baby step 3 savings account, however after paying interest for so long before I got debt free that $125 they add to my savings account every month feels like I'm getting rich
Comment from : Robert Parker