{"id":1071,"date":"2020-08-17T14:18:08","date_gmt":"2020-08-17T14:18:08","guid":{"rendered":"https:\/\/smartlivingscientist.com\/?p=1071"},"modified":"2020-08-24T23:07:13","modified_gmt":"2020-08-24T23:07:13","slug":"is-your-money-saved-in-vacuoles-or-mitochondria","status":"publish","type":"post","link":"https:\/\/smartlivingscientist.com\/is-your-money-saved-in-vacuoles-or-mitochondria\/","title":{"rendered":"Is Your Money Saved In Vacuoles Or Mitochondria?"},"content":{"rendered":"\t\t
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Is your money saved in vacuoles or mitochondria?<\/span><\/p>

Recently I talked about potentially seeing\u00a0higher inflation<\/a>\u00a0in the near future. Higher inflation means our money is worth less and knowing whether or not your money is saved in vacuoles or mitochondria will either prevent you from “losing” money by keeping pace with inflation or downright beat it and earn way more.<\/p>

Wondering what they are and how they relate to personal finance? Let me explain.<\/p>

Related Article:\u00a0Higher Inflation \u2013 What Does This Mean For All Of Us?<\/a><\/strong><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Vacuoles and Mitochondria<\/b><\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Our bodies are made up of trillions of cells. These cells are made up of many parts called organelles. Not all cells are the same – plant and animal cells are different in certain ways, but both types of cells have vacuoles and mitochondria. Below you can see what they look like in a cell.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Vacuoles help our cells store and manage waste – yes, our cells also have waste. Anything that is stored in here, in essence, is wasted. When it comes to finances, any money stored in an account that is a vacuole is essentially a wasted opportunity.<\/p>

Mitochondria are the “powerhouses” of our cells. They provide our cells with the energy “currency”, called ATP (Adenosine Triphosphate), through a process known as cellular respiration. This allows our cells to go to work and keep us, well, alive. This is why we need to eat and breathe – our cells need oxygen and food to give us energy to live and function.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Anything that goes into mitochondria is used to produce ATP. When it comes to personal finances, money that is placed in an account that is a mitochondrion is automatically put to work to make you more money. Money that is placed in vacuoles, on the other hand, will remain the same and cost you an opportunity to use that money to make more money.<\/p>

And who doesn’t like to make more money, especially when it happens automatically without having to work for it?<\/p>

So, let’s take a look at which accounts are vacuoles and which are mitochondria.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Accounts That Are Vacuoles<\/b><\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Vacuoles are accounts that provide you with no return by having your money stored in them. This is basically your bank accounts that have little or no interest rate. Keeping your money in these accounts prevents you from having the opportunity to automatically earn more money. And that’s exactly where my money was kept – in a vacuole.<\/p>

For the longest time, I had kept most of my money in my checking account that had no interest and a little in a savings account that had an interest rate of 0.01%. At first, I didn’t even realize I was getting any additional money because the amount was so small. However, a few years ago I took a closer look at my account statement and my eyes lit up.<\/p>

I was getting 4\u00a2 added to my account balance every month.<\/p>

Right then and there was the moment I first experienced what it felt like to have money automatically given to me without having to work for it. I was so happy to see I was getting passive income. The dopamine was coursing through my brain. I thought I had found the key to wealth and all I had to do was save and put more money into the account.<\/p>

And that’s what I did. I saved as much as I could. Month after month I put as much as I could into it and the end result was shockingly disappointing. To my surprise, I was now getting 5\u00a2 each month. That’s when I found out the interest rate was 0.01% for the year and realized it would take me an eternity to earn enough money to have any significant gains from that interest rate.\u00a0No way was I going to wait that long, not that I can wait that long anyway, but that’s not the point!<\/span><\/p>

Then enter the mitochondria and everything changed completely. I realized there are accounts out there that gave significantly better returns and all I had to do was to transfer my money into them and allow my money to go to work. So, what are these accounts?<\/p>

Let’s dive into them.<\/p>

By the way, the bed or safety box you use to store your cash is also a vacuole. You will “lose” money over time as inflation steadily erodes the value of your money. If you need to have some cash on you, try keep a small stash so you can use the rest to make you more money.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Accounts That Are Mitochondria<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Accounts that are mitochondria are those that provide you with ATP:<\/p>