How to Get Your Money Out of the Bank & Where to Put it Instead

First, don’t take ALL your money out of the Bank
Leave just enough to cover bills and expenses, and a little extra for the unexpected. This is especially true if you have Automatic Bill Pay, etc.
One good practice may be to have a small savings account as well as a checking account. This way if you need a little extra for unexpected expenses you can easily transfer some from savings into checking whenever needed.
Some banks even have a policy where you can set this up to transfer automatically in the case where a check or a bill may not be able to clear otherwise.
Cryptocurrency
It is also good to gain some understanding of any investment you choose. This is especially important with riskier investments such as Stocks, Cryptocurrency, etc. While Precious Metals is a good ‘buy & hold’, things like Crypto are better for a quick in and out (or pump & dump), keeping a close eye on the market.
Several things against Crypto however: It is the currency that fuels the dark web which is the marketplace basically for contraband, porn and human or child trafficking; Much criminal activity occurs in crypto; It is basically gambling; It has no intrinsic value; It is also a pyramid scheme in that in order for you to make money in it, someone else will be losing money…
This is also known as a ‘zero sum game’ in which one person's gain is equivalent to
another's loss; Crypto, or Bitcoin, was first introduced – intentionally - on the highest satanic holiday of the year, October 31 (2008); And, although it will ultimately take a different form, it is most likely that the beast system prophesied in the Bible will be a digital currency of some type.
Bullion Gold and Silver
Investment metals are often referred to as ‘bullion’. Bullion is gold and silver that is officially recognized as being at least 99.5% and 99.9% pure.
Bullion refers to physical gold and silver of high purity that is often kept in the form of bars, ingots, or coins. Bullion is also considered to be legal tender in some places (the state of Utah is one example).
Fine Silver is 99.9% Silver (999) used in silver bullion bars. 24 karat gold contains 99.99% of pure gold, and 22 karat gold is 92% pure. Bullion 24K Platinum is 99.9% pure.
Coins, Bars, Ingots or Bullion Jewelry?
Yes! To all the above. This is itself another kind of diversification. Precious metal coins, bars and ingots are easily quantifiable and are usually marked with the weight and purity making it easier to use for legal tender or for barter.
This also makes it easier if you need to sell some later to a reputable coin dealer, etc. There are also many companies that sell bullion online that already have a buy-back program included as long as the purchase was made through their site.
Bullion Jewelry – A Wearable Investment
Bullion jewelry is also a great idea too since it is usually marked with the purity of the metal and comes with a certification and documentation. Investment jewelry includes either 24K or 22K Gold and 24K Platinum.
It is also a much more easily portable and is a discreet, accessible and valuable asset that can be used, worn and enjoyed. A buy-back and current value guide is also included with many online bullion jewelry sellers.
If you travel, this is also a great way to legally avoid having to declare your bullion as it is not considered a ‘Negotiable Monetary Instrument’ but rather just your personal jewelry that you are wearing on your person at the time.
Retirement Accounts
This is another place where you can put money instead of your bank account. There are many companies now even offering programs such as Gold-backed IRA’s. Most IRA, 401K, etc. accounts are however what is known as Qualified Accounts. A Roth is not however.
A qualified plan is one that meets certain IRS Code requirements in terms of both form and operation whereas a non-qualified plan has its own rules for contributions. (Please always consult a Financial Advisor.)
A Roth IRA requires that Tax be paid up front, but no tax is collected when the account is redeemed. This may be an advantage since most likely taxes will be higher in the future. Both types of retirement accounts have their pros and cons however and depend on the individual needs of the investor.
Real Estate – Land & Property
This category deserves an entire article on its own as it can encompass so many different aspects such as home ownership, rental property, commercial property, and the intrinsic value of land itself.
Your home can also be a 'personal bank' as you can use the value for a Home Equity Loan or a HELOC (Home Equity Line of Credit). borrow
Mark Twain was famous for saying 'There not making any more of it!'
Cash Value Whole Life Insurance
This is a very safe and useful place to put money rather than a regular Bank. Many proponents have likened this to having your own bank calling it ‘bank on yourself’. These usually require a health check-up, but there are many now that do not.
This is a type of Life Insurance that you can use and benefit from in many ways while you are still living. When properly structured by a qualified insurer this type of plan uses a life insurance policy paired with a rider that allows you to pre-pay into it.
The many advantages of this include the fact that the money accrues interest up to about 7 or 8% (rather than the below 1% available in an ordinary savings or checking at a bank). This can then also be borrowed at NO interest whenever you need it.
There is no interest payment because this is YOUR money. It can also be paid back at any time or even never paid back at all. Whatever unpaid balance that remains is just taken off of the death benefit when that time comes.
It is actually often a good idea to have loans out on your Cash Value as you can then have a place to put a larger sum of money as a loan payback whenever the need should arise.
This may sound somewhat unlikely, but this actually can happen quite often in the form of a bonus from work, an unexpected inheritance, a monetary gift, or a large equity gain from the sale of your home, etc.
You would not want such a large sum of money to just sit in a Bank account making very little interest and being vulnerable to the current banking situation. And, you especially wouldn’t want to have more than 250,000 in one bank account as this would then be above the FDIC insured limit. (Which may also not actually be very secure in itself).
Although nothing is perfect, many of the Life Insurance companies have been around for a very long time and are very stable institutions. This is also where many very wealthy people put their money for monetary stability and to build and maintain family legacy.
Leave just enough to cover bills and expenses, and a little extra for the unexpected. This is especially true if you have Automatic Bill Pay, etc.
One good practice may be to have a small savings account as well as a checking account. This way if you need a little extra for unexpected expenses you can easily transfer some from savings into checking whenever needed.
Some banks even have a policy where you can set this up to transfer automatically in the case where a check or a bill may not be able to clear otherwise.
Cryptocurrency
It is also good to gain some understanding of any investment you choose. This is especially important with riskier investments such as Stocks, Cryptocurrency, etc. While Precious Metals is a good ‘buy & hold’, things like Crypto are better for a quick in and out (or pump & dump), keeping a close eye on the market.
Several things against Crypto however: It is the currency that fuels the dark web which is the marketplace basically for contraband, porn and human or child trafficking; Much criminal activity occurs in crypto; It is basically gambling; It has no intrinsic value; It is also a pyramid scheme in that in order for you to make money in it, someone else will be losing money…
This is also known as a ‘zero sum game’ in which one person's gain is equivalent to
another's loss; Crypto, or Bitcoin, was first introduced – intentionally - on the highest satanic holiday of the year, October 31 (2008); And, although it will ultimately take a different form, it is most likely that the beast system prophesied in the Bible will be a digital currency of some type.
Bullion Gold and Silver
Investment metals are often referred to as ‘bullion’. Bullion is gold and silver that is officially recognized as being at least 99.5% and 99.9% pure.
Bullion refers to physical gold and silver of high purity that is often kept in the form of bars, ingots, or coins. Bullion is also considered to be legal tender in some places (the state of Utah is one example).
Fine Silver is 99.9% Silver (999) used in silver bullion bars. 24 karat gold contains 99.99% of pure gold, and 22 karat gold is 92% pure. Bullion 24K Platinum is 99.9% pure.
Coins, Bars, Ingots or Bullion Jewelry?
Yes! To all the above. This is itself another kind of diversification. Precious metal coins, bars and ingots are easily quantifiable and are usually marked with the weight and purity making it easier to use for legal tender or for barter.
This also makes it easier if you need to sell some later to a reputable coin dealer, etc. There are also many companies that sell bullion online that already have a buy-back program included as long as the purchase was made through their site.
Bullion Jewelry – A Wearable Investment
Bullion jewelry is also a great idea too since it is usually marked with the purity of the metal and comes with a certification and documentation. Investment jewelry includes either 24K or 22K Gold and 24K Platinum.
It is also a much more easily portable and is a discreet, accessible and valuable asset that can be used, worn and enjoyed. A buy-back and current value guide is also included with many online bullion jewelry sellers.
If you travel, this is also a great way to legally avoid having to declare your bullion as it is not considered a ‘Negotiable Monetary Instrument’ but rather just your personal jewelry that you are wearing on your person at the time.
Retirement Accounts
This is another place where you can put money instead of your bank account. There are many companies now even offering programs such as Gold-backed IRA’s. Most IRA, 401K, etc. accounts are however what is known as Qualified Accounts. A Roth is not however.
A qualified plan is one that meets certain IRS Code requirements in terms of both form and operation whereas a non-qualified plan has its own rules for contributions. (Please always consult a Financial Advisor.)
A Roth IRA requires that Tax be paid up front, but no tax is collected when the account is redeemed. This may be an advantage since most likely taxes will be higher in the future. Both types of retirement accounts have their pros and cons however and depend on the individual needs of the investor.
Real Estate – Land & Property
This category deserves an entire article on its own as it can encompass so many different aspects such as home ownership, rental property, commercial property, and the intrinsic value of land itself.
Your home can also be a 'personal bank' as you can use the value for a Home Equity Loan or a HELOC (Home Equity Line of Credit). borrow
Mark Twain was famous for saying 'There not making any more of it!'
Cash Value Whole Life Insurance
This is a very safe and useful place to put money rather than a regular Bank. Many proponents have likened this to having your own bank calling it ‘bank on yourself’. These usually require a health check-up, but there are many now that do not.
This is a type of Life Insurance that you can use and benefit from in many ways while you are still living. When properly structured by a qualified insurer this type of plan uses a life insurance policy paired with a rider that allows you to pre-pay into it.
The many advantages of this include the fact that the money accrues interest up to about 7 or 8% (rather than the below 1% available in an ordinary savings or checking at a bank). This can then also be borrowed at NO interest whenever you need it.
There is no interest payment because this is YOUR money. It can also be paid back at any time or even never paid back at all. Whatever unpaid balance that remains is just taken off of the death benefit when that time comes.
It is actually often a good idea to have loans out on your Cash Value as you can then have a place to put a larger sum of money as a loan payback whenever the need should arise.
This may sound somewhat unlikely, but this actually can happen quite often in the form of a bonus from work, an unexpected inheritance, a monetary gift, or a large equity gain from the sale of your home, etc.
You would not want such a large sum of money to just sit in a Bank account making very little interest and being vulnerable to the current banking situation. And, you especially wouldn’t want to have more than 250,000 in one bank account as this would then be above the FDIC insured limit. (Which may also not actually be very secure in itself).
Although nothing is perfect, many of the Life Insurance companies have been around for a very long time and are very stable institutions. This is also where many very wealthy people put their money for monetary stability and to build and maintain family legacy.

Have more than one Bank Account
Have an account at two or more Banks; this includes both Savings and Checking. If you own a Small Business, this will automatically be the case.
As an individual however, you can do this with an online only Bank. However, it may be a good idea to still have your primary accounts at a local bank that also has online banking capabilities.
This is especially true if it’s one where you can become acquainted with one of the bank’s officers or managers. This is much more likely to be the case in a smaller town or area.
Have an account at two or more Banks; this includes both Savings and Checking. If you own a Small Business, this will automatically be the case.
As an individual however, you can do this with an online only Bank. However, it may be a good idea to still have your primary accounts at a local bank that also has online banking capabilities.
This is especially true if it’s one where you can become acquainted with one of the bank’s officers or managers. This is much more likely to be the case in a smaller town or area.

Cash / Emergency Funds
Take some money out of the bank to have some cash and coins on hand. How much depends on the amount of your expenses. An Emergency Fund can be Cash or a Savings that you don’t ordinarily tap into.
It is said that you should have at least 3-6 months of expenses on hand for any emergencies or unforeseen expenses. This is especially true in our current economic situation.
Make sure to get a Safe for the cash at home. When you travel, or even just when you are away from home, it is recommended that you have at least 300 dollars cash on you at all times. This way you can get back home if, for instance, power goes out and you cannot use an ATM, etc.
Also, carry some in larger bills as well as smaller ones for tipping and other small expenses. It is additionally recommended that you don’t keep all the cash in one place on your person. For instance, some should be in a wallet, some in a pocket, and some in another area of your bag.
Take some money out of the bank to have some cash and coins on hand. How much depends on the amount of your expenses. An Emergency Fund can be Cash or a Savings that you don’t ordinarily tap into.
It is said that you should have at least 3-6 months of expenses on hand for any emergencies or unforeseen expenses. This is especially true in our current economic situation.
Make sure to get a Safe for the cash at home. When you travel, or even just when you are away from home, it is recommended that you have at least 300 dollars cash on you at all times. This way you can get back home if, for instance, power goes out and you cannot use an ATM, etc.
Also, carry some in larger bills as well as smaller ones for tipping and other small expenses. It is additionally recommended that you don’t keep all the cash in one place on your person. For instance, some should be in a wallet, some in a pocket, and some in another area of your bag.

Pay Off Your Credit Card and Other Debts
In the case of online banking for either a local or online only bank, it may be a good idea to have Checking, Savings and an associated Credit card all with the same bank.
Again, have at least two accounts set up like this. That way you can easily transfer money between Checking, Savings and Credit Card whenever needed.
Keep Credit Cards paid off monthly. This helps to get your money out of your banking account and it also helps to raise your Credit Score.
Also, pay off other ‘smaller’ debts such as Student Loans and Car Loans unless the amount on these is still very high. You will also not need, or perhaps to be able, to pay off your mortgage completely either.
In fact, it is usually a good idea to NOT pay off your Mortgage as it can be used as a write-off on your taxes. You can however pre-pay some of your bills, such as a mortgage or utilities in order to make sure these are paid up in the case of a bank run or closure.
In the case of online banking for either a local or online only bank, it may be a good idea to have Checking, Savings and an associated Credit card all with the same bank.
Again, have at least two accounts set up like this. That way you can easily transfer money between Checking, Savings and Credit Card whenever needed.
Keep Credit Cards paid off monthly. This helps to get your money out of your banking account and it also helps to raise your Credit Score.
Also, pay off other ‘smaller’ debts such as Student Loans and Car Loans unless the amount on these is still very high. You will also not need, or perhaps to be able, to pay off your mortgage completely either.
In fact, it is usually a good idea to NOT pay off your Mortgage as it can be used as a write-off on your taxes. You can however pre-pay some of your bills, such as a mortgage or utilities in order to make sure these are paid up in the case of a bank run or closure.

Buy High Ticket Items You May Want or Need Now
Another way to get money out of your Bank account is to buy those high, or not-so-high, ticket items you may have been wanting or holding off on. This can also include prepping items!
This can include less expensive items as well. This way you will have an item or items that you need and/or want that may be a lot more useful to you than just cash sitting in the bank, which doesn’t earn a very good interest rate anyway.
If you use a Credit Card for this, pay off the item right away as soon as possible.
Another way to get money out of your Bank account is to buy those high, or not-so-high, ticket items you may have been wanting or holding off on. This can also include prepping items!
This can include less expensive items as well. This way you will have an item or items that you need and/or want that may be a lot more useful to you than just cash sitting in the bank, which doesn’t earn a very good interest rate anyway.
If you use a Credit Card for this, pay off the item right away as soon as possible.

Buy Precious Metals
One of those 'high-ticket' items might be gold or silver. It is a good idea most of the time to own at least a little bit of Precious Metals in your financial portfolio for some diversification. These are currently, and historically, a good ‘store of value’. Precious metals tend to hold their value over time.
They are a good long-haul investment, but don’t tend to gain value quickly like stocks or crypto et al. As with all investments, it is also good to start relatively small and not to go ‘all in’ – in other words don’t have ‘all your eggs in one basket’.
Diversification within Precious Metals is also a good idea. The two most popular are of course Gold and Silver, but Platinum has also become very popular as well. (In the Bible, wealth was measured in Land, Cattle, Gold and Silver.)
One of those 'high-ticket' items might be gold or silver. It is a good idea most of the time to own at least a little bit of Precious Metals in your financial portfolio for some diversification. These are currently, and historically, a good ‘store of value’. Precious metals tend to hold their value over time.
They are a good long-haul investment, but don’t tend to gain value quickly like stocks or crypto et al. As with all investments, it is also good to start relatively small and not to go ‘all in’ – in other words don’t have ‘all your eggs in one basket’.
Diversification within Precious Metals is also a good idea. The two most popular are of course Gold and Silver, but Platinum has also become very popular as well. (In the Bible, wealth was measured in Land, Cattle, Gold and Silver.)
Luxury Assets
This category of tangible assets encompasses fine art, cars, watches, diamonds, and other jewels, and just about anything that qualifies as a collectible with value.
In their favor, they're objects that can be touched and seen, compared to a bank account statement that could take time to collect on if the financial institution that housed it ceases to exist.
Only investments you can afford to lose $ ‘ Prepaid debit cards / PayPal / Credit Unions, CD’s, Stocks, bonds, treasuries, Gold etc. – If you can’t touch it you don’t own it
For more information: https://www.creditdonkey.com/bank-alternatives.html
This category of tangible assets encompasses fine art, cars, watches, diamonds, and other jewels, and just about anything that qualifies as a collectible with value.
In their favor, they're objects that can be touched and seen, compared to a bank account statement that could take time to collect on if the financial institution that housed it ceases to exist.
Only investments you can afford to lose $ ‘ Prepaid debit cards / PayPal / Credit Unions, CD’s, Stocks, bonds, treasuries, Gold etc. – If you can’t touch it you don’t own it
For more information: https://www.creditdonkey.com/bank-alternatives.html
Fine Art
Fine art can be insured for the appraised amount making it a good and safe investment for your money. The sale of Fine Art can also be free of Tax implications so long as the proceeds are used to buy another piece of art of equal or higher value.
Things are always changing in the world of finance, so always make sure of the current market and rules of sale.) Art is also something that can be used and enjoyed in your home, and may even elevate the perception of your home’s value.
One example of this is a home where we were fortunate to stay once that was built in Poipu on the island of Kauai. This moderately high-end home was originally a collaboration between Honolulu builder Paul Banks and Kauai artist Brigitte D'Annibale.
The architect for this home designed it to feature D’Annibale’s casual but elegant depictions of island life. Her artwork seamlessly embodied the perfect blend of an upscale, laid back ambience that enhanced and uplifted the interior space.
Fine art can be insured for the appraised amount making it a good and safe investment for your money. The sale of Fine Art can also be free of Tax implications so long as the proceeds are used to buy another piece of art of equal or higher value.
Things are always changing in the world of finance, so always make sure of the current market and rules of sale.) Art is also something that can be used and enjoyed in your home, and may even elevate the perception of your home’s value.
One example of this is a home where we were fortunate to stay once that was built in Poipu on the island of Kauai. This moderately high-end home was originally a collaboration between Honolulu builder Paul Banks and Kauai artist Brigitte D'Annibale.
The architect for this home designed it to feature D’Annibale’s casual but elegant depictions of island life. Her artwork seamlessly embodied the perfect blend of an upscale, laid back ambience that enhanced and uplifted the interior space.

Don’t Skimp on Experiences
Travel, Vacations, etc.
I used to worry about spending too much money on travel, restaurants & vacations.I'm so glad now that we did these things though.
We would often use the Credit Card to pay for many of these things, and try to pay it off, I would still worry. But, it's good to have these experiences while you are young and healthy enough to enjoy them - and while your children are still young & still with you.
Travel, Vacations, etc.
I used to worry about spending too much money on travel, restaurants & vacations.I'm so glad now that we did these things though.
We would often use the Credit Card to pay for many of these things, and try to pay it off, I would still worry. But, it's good to have these experiences while you are young and healthy enough to enjoy them - and while your children are still young & still with you.

Your Why
Life is short, take the time to get it right now for the rest of your future.
Life is short, take the time to get it right now for the rest of your future.