Holding significantly more than 3-6 months' worth of living expenses in cash.
Earning minimal interest on your savings, indicating they're not invested in higher-yield opportunities.
Having substantial cash reserves while important financial goals, like retirement or buying a home, remain unachieved.
Hiring a financial advisor can help in making informed decisions about investments, retirement planning, and estate planning.
Relying heavily on cash savings and lacking investments in stocks, bonds, or other assets.
The growth rate of your cash savings is lower than the rate of inflation, leading to a decrease in purchasing power over time.
Holding large cash reserves even after paying off high-interest debts.
Not having a clear financial strategy or investment plan, leading to excess cash accumulation without purpose.