Where & How you park your spare money? With negative or positive growth?

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The concept of "Money Parking" is interesting in the sense that : a) parking / unpacking spare money at the right time and place can generate more money, or b) parking / unparking spare money at the wrong time and place can cause reduction of the overall value worth.

When the concept is further explained, there is general good agreement to such an idea. For example : if one "parks" the spare money under the pillow in bed, there is loss in interest generation if compared with parking the spare money in the bank over a period of time.

Having understood such basic notion, there are generally three factors that prevent people from realizing higher return, or increase in value of the "parked money".

• Factor A: Mental Models : the perception of money placing & the notion of "Risk".
• Factor B: Knowledge and Skills
• Factor C : Discipline