If your idea of achieving generational wealth involves a bank savings account there are some bigger educational issues you need to address first. Bank savings a

If your idea of achieving generational wealth involves a bank savings account there are some bigger educational issues you need to address first. Bank savings accounts rarely, if ever, keep up with inflation regardless of interest rates. You are losing purchasing power in a savings account even if the nominal value of the account increases year over year. I'm not saying it's anyone's business what you do with your money, but keeping more than 6-ish months of expenses in a savings account is objectively burning money and a pretty idiotic thing to do in general. Anything more than that should be invested. Hedges exist for a reason. There are dozens - hundreds? - of ways to hedge your investment and keep market exposure by limiting or even eliminating downside. Hell, Mark Cuban has a great story about after the broadcast.com acquisition where he was fully invested in the market but also heavily hedged in case his stocks tanked. When the market crashed he made money. All that is to say that yes it's totally your right to keep half a million dollars in a savings account. But it's an objectively stupid thing to do.