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If you get a little bit of interest along the way, hey, thats not bad.
Of course, the green you are growing isnt a garden its your money.
There are a few methods customers can utilize at their local banks to build up wealth.
It all starts by researching and getting in touch with your banks financial planning services.
GOBankingRates asked a few experts about the best ways to use a banks financial servicesto build wealth.
This might sound simple, but the power of consistency cannot be overstated.
What makes this strategy particularly effective is that it removes the temptation to spend that money.
Its out of sight and out of mind, growing quietly in the background.
Most banks have tools that help you see where your money is going, he explained.
That little bit extra can be redirected into investments that grow steadily over time.
Gates said, Diversifying your portfolio between stocks, bonds and other assets can optimize growth while minimizing risk.
And he said the same goes for tax-advantaged accounts.
For retirement planning, OToole-Bateman recommended looking into options like health savings accounts (HSAs).
They come with some great tax perks that can give your retirement savings a nice boost, added OToole-Bateman.
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