Elizabeth Ayoola

When I think about that, I do wonder if they also have some fear around investing is one of them as well.

Are they scared of the stock market?

Do they not know what to do with their money?

So they're just saving a whole bunch of cash.

Do they think an apocalypse is coming?

So they're like, I need to have as much cash as possible.

It is important to know what their values are, especially before you give them financial advice and tell them how to spend the money.

This is interesting what someone says.

Is she saving for a house or other large expense?

If so, then keeping 70K in cash in a high yield savings account.

is not a bad idea.

I don't know if that's great advice because you don't even know if she has enough in her emergency fund.

And then also what's the timeline even if they do want to buy a house?

What if she wants to buy a house 10 years from now?

I don't think then a high yield savings account is necessarily the best vehicle for that.

I wonder if the poster even asked that or if the poster just swooped into action and was like, this is what you should do with your money.

I didn't want to say it, but that's what I was thinking.

Is there a little control happening here?

Does she have a say in what's happening with her own money?

Obviously, she has to execute the things on her own.