Ep 75: Lazy Money

Is it time to put your lazy money to work? On today’s show, we talk about what lazy money is and why you shouldn’t keep too much of it lying around.

Apple PodcastsSpotifyGoogle PodcastsStitcherTuneIn

The View From The Pinnacle

Is it time to put your lazy money to work? On today’s show, we talk about what lazy money is and why you shouldn’t keep too much of it lying around.

Click the timestamps below to fast forward to certain points of the episode.

Thing’s You’ll Learn Along Today’s Journey

Your lazy money is the money that isn’t working for you, maybe it’s resting. This is money that is barely keeping up with inflation if at all, things like a checking account, savings account, or CD. So why does anyone have it?

For a lot of people, the money in the bank account provides a feeling of safety and security, you can see it and access it at any point. Some of your money should be in the bank and held for an emergency, but certainly not all of it. Maybe you don’t know where the money should go or where to invest. Is this really a problem?

If you leave too much money as lazy money, you’re just losing money “safely.” You won’t be able to keep up with inflation. If you’re not seeing your money grow, it deflates you and kills your motivation to save and invest more money. Sean helps his clients handle this by starting with a plan. If you have a whole bunch of cash and no plan, that’s an indicator of what’s comfortable for you. Instead of having a plan of inaction, come up with a plan that strategizes and considers what you want your money to accomplish for you.

When you look at the three things your money can do for you, you’re looking at safety, liquidity, and growth. Typically, you can get two of the three, but you can’t have them all. Money in cash or savings is liquid and safe, but no growth. Think about the timeline of when you need this money. Reach out to an advisor to put together a plan that considers your needs and goals for your money in order to have the right amount invested and in the bank in case of emergency. 

Listen to the entire episode or skip ahead using the timestamps below.

1:00 – What is lazy money?

3:09 – Why do people have it?

4:29 – Why is having lazy money dangerous?  

6:43 – How does Sean help?


Looking Back From The Mountaintop

“If you don’t have a plan, let’s come up with one. Let’s come up with what you want your money to accomplish. Let’s come up with an idea of what your goals, beliefs, and values are.”

-Sean Lee

Resources From Today’s Podcast

Sign Up For A Class With Us

Check Out Our Media Center

Learn More About Sean


Your Guide:

Sean P. Lee – Contact


Facing Financial Villains

Movie villains are usually pretty easy to identify with their ominous music, masks, and often dark clothing. In the financial world, some of the villains can be a bit harder to spot. We talk about some of the most infamous movie villains and share what they have in common with some of the dark and scary things financially speaking. From the Wicked Witch of the West and her flying monkeys to the hardships that inflation can cause, which of these villains are you ready to face head-on?


Important Ages in Retirement

What are the milestone moments you face in retirement as you age? Today, we talk about some of the ages to keep in mind and why they are important as you reach each one. Whether you are a few years off or if you are right in the middle of these, thinking through what you should be doing with the money can make a huge impact in your financial life.



For over a decade, Sean Lee has helped families reach and maintain their financial goals. As a trusted advisor, he coaches and assists his clients with their financial goals by focusing on the fundamentals and takes a practical and personal approach when working with them.

As a trusted professional in Utah, Sean has been featured in The Wall Street Journal’s Market Watch, The Deseret News, The Salt Lake Tribune and USA Today. He has also been featured as a local financial advisor on Utah’s NBC station, KSL 5.

Questions for Sean?



(801) 639-0095


Investment Advisory Services offered through Elevated Capital Advisors, LLC, an SEC Registered Investment Advisor. Insurance products and services are offered through Elevated Financial Services, LLC.

*Guarantees provided by insurance products are backed by the claims-paying ability of the issuing carrier.

The retirement kit is provided for informational purposes only. It is not intended to provide tax or legal advice. By requesting this report, you may be provided with information regarding the purchase of insurance and investment products in the future.