Don't keep All your eggs in one Basket.

@Treborika (2895)
Mombasa, Kenya
November 25, 2022 3:01am CST
Hi my friends, I hope you are okay. It's mid-day here in my country with sunny and hot weather. So as the saying goes on 'Don't keep all your eggs in one basket ' I am just asking you my fellow online earners do you keep all your money in a single Bank account or do you decentralise your money in various Bank accounts across your financial life. How do you prefer Have a good day
8 people like this
9 responses
@just4him (268285)
• Green Bay, Wisconsin
25 Nov
I only have one bank.
1 person likes this
@just4him (268285)
• Green Bay, Wisconsin
25 Nov
@Treborika It works for me.
@Treborika (2895)
• Mombasa, Kenya
26 Nov
@just4him That's great for you then.
1 person likes this
@Treborika (2895)
• Mombasa, Kenya
25 Nov
It's a good idea to have a single Bank account though. It eases the hard work of walking into different banking halls though it's very risky.
1 person likes this
@yoalldudes (33055)
• Philippines
25 Nov
I inveseted in a few jewelry lately. I also play a game to earn crypto.
1 person likes this
@yoalldudes (33055)
• Philippines
29 Nov
@Treborika I wonder what will be the destiny of crypto long term.
@Treborika (2895)
• Mombasa, Kenya
25 Nov
Well I hope it's working out for you. Crypto trading can be so profitable for the experts
@Treborika (2895)
• Mombasa, Kenya
27 Nov
That's very great of you I must say.
@Jenaisle (7054)
• Philippines
25 Nov
I don't put all my money in one bank. Also, I keep some at home in case of emergencies. As you have said don't put all your eggs in one basket.
1 person likes this
@sharon6345 (323932)
• United States
25 Nov
i am working on this because of more reasons than those I can share.
2 people like this
@Treborika (2895)
• Mombasa, Kenya
25 Nov
I am very glad to learn that. It's a good idea to have money set aside at home for emergency cases.
1 person likes this
@Treborika (2895)
• Mombasa, Kenya
25 Nov
@sharon6345 Its Very great of you
1 person likes this
@LadyDuck (417496)
• Switzerland
25 Nov
Here in Europe, the money deposited in your bank account is "insured" up to $ 100,000 in case of the Bank failure. Those who have more, diversify in different banks. We have a couple of accounts because we keep some things separated.
1 person likes this
@LadyDuck (417496)
• Switzerland
25 Nov
@Treborika Italy has the same protection for money deposited in a bank account.
@Treborika (2895)
• Mombasa, Kenya
25 Nov
I am so glad for the response. However $100,000 is alot of money for an average person in my country to have. Thanks for the nice insights though.
1 person likes this
@JudyEv (294441)
• Rockingham, Australia
25 Nov
We have a couple of accounts so we can keep track of money we earn from our photo sales.
1 person likes this
@Treborika (2895)
• Mombasa, Kenya
25 Nov
It's seems you are reaping decently at your photo shop. Thanks for the response though
1 person likes this
@Beestring (8737)
• Hong Kong
25 Nov
I have three bank accounts, and I keep some cash at home.
1 person likes this
@Treborika (2895)
• Mombasa, Kenya
25 Nov
I am very glad to hear this. You are doing what is termed as diversifying of resources
1 person likes this
@popciclecold (27932)
• United States
25 Nov
I have 2 banks, and keep cash at home.
@Treborika (2895)
• Mombasa, Kenya
25 Nov
That's great of you my friend
@RebeccasFarm (78252)
• United States
25 Nov
I never do but I am still struggle.
@Treborika (2895)
• Mombasa, Kenya
25 Nov
I hope you'll manage it one day
1 person likes this
@Isha13 (514)
29 Nov
i have 3 bank account and divert my money