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Hey Reader,

A ton of y'all responded to my previous newsletter with the code word 'PIZZA' saying you wanted to know how I optimize my 'lazy cash and savings' aka my money outside of the stock market.

So I've decided to host a free workshop where I teach you how I actually put my 'lazy cash' to work so it actually makes me money without having to touch the stock market.

I'm literally putting the workshop presentation together right now so stay tuned!

Now that you're up to speed, let's go build some wealth.

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👀 What I'm Watching

Ever watched a group of people argue and realized none of them actually know the answer?

That's basically the Fed right now.

This week, the Fed decided to hold interest rates steady at 3.5% – 3.75%.

But here's the part that you should pay attention to.

In the same meeting, 4 of the 12 Fed officials voted against the decision.

That's the most dissent the Fed has had in a single meeting since 1992.

And here's where it gets weirder…

The 4 dissenters didn't even want the same thing.

• 1 person voted to cut rates immediately, for the 6th meeting in a row.
• 3 people voted the opposite way. They wanted the Fed to stop hinting at future cuts and stay aggressive about keeping rates high.

So 1 wants to cut today. 3 doesn't want to cut. The other 8 wants to hold steady and maybe cut later.

Btw, this was also Jerome Powell's LAST meeting as Federal Reserve Chair before he steps down on May 15.

And on his way out, Powell did a 'mic drop' moment. He said:

Referring to the inflation we're getting from the Iran war and the closed Strait of Hormuz (y'know the stuff making your gas and groceries cost $$$).

What's happening?

Powell is the outgoing Fed Chair. Trump's pick, Kevin Warsh, is most likely the incoming Fed Chair.

Powell's POV: don't cut rates because the Iran war is still pushing inflation up.

Warsh's POV: cut rates.

The next 3 months are going to be funky cause this is the most disagreement the Fed has had in 34 years.

📝 The Breakdown

Here's how this impacts your money and wallet:

As of this week, the Fed is keeping interest rates at 3.5% – 3.75%.

Here's what most people don't realize: When interest rates are high, money moves faster in both directions.

You can lose it. Or you can earn it.

One of the few things that decides which one happens to you is where you keep your money.

Leak #1: If you're carrying debt

High Fed rates mean high APRs across the board. Credit card debt, car loans, personal loans, and mortgages all cost more when rates are high.

The average American with credit card debt is losing $1,500+/year just in interest payments (Current credit card interest rate is around ~22% APR).

Leak #2: If your cash isn't in the right place

The exact same Fed rates that make debt expensive also allow your lazy cash and savings to pay you more money.

Let's say you have $10,000. Depending on where you keep it, here's how much you'd earn in 1 year:

• At a regular bank with 0.01% APY (e.g. Chase, Bank of America, Wells Fargo): ~$1
• In a High-Yield Savings Account with 3.3% – 4% APY: ~$330 – $400

If you're keeping your cash in the wrong place, you're potentially losing out on hundreds of dollars a year.

The good news? It's way easier to plug Leak #2 and avoid losing out on hundreds of dollars every year.

And it only takes a few minutes.

✍️ Your Next Move

Here's what you need to do today:

This is how you plug Leak #2 in 5 minutes:

Move your cash to any High Yield Savings Account (HYSA).

You can use whatever HYSA you want but my current favorite is SoFi's HYSA cause offer one of the highest rates available.

They currently offer a 4% APY for the first 6 months (compared to the average APY for HYSA around 3.3%).

That means, if you keep $10,000 in a HYSA that pays 4%, you'd earn $400 in the first year alone.

​>> Click here to open my favorite HYSA (takes about 5 minutes, no minimums, no fees)​

The earlier you move your money, the more interest you capture before HYSA rates start dropping.

🗓️ Behind The Scenes

Here's a quick recap of what I was up to this past week:

• My lower back is feeling a tiny bit better after my very first lower back muscle spasm the other week. Unfortunately it's still not 100% yet… so I've decided to hold off on lifting until it gets back to normal. However, I'll slowly restart my Zone 2 cardio this week… wish me luck!

✅ Cool Things From This Week

• Money Tip of the Week: Why $100K is 1/3 of the way to your first million​
• ​Gas prices won't drop below $3 until next year, the Energy Secretary just admitted. Here's what that means for your wallet.​
• ​3 Pokémon cards = $41,000. Yes, really.​