Expert Ross Mac offers tips on alternatives to storing money in savings account [Video]

CHICAGO (WLS) — A Chicago entrepreneur is dedicated to increase financial literacy to build generational wealth.

Ross Mac offered some alternatives to putting money in something other than a savings account.

Mac outlined the benefits of investing your money as opposed to storing it in a savings or checking account.

Mac also offered advice on prepping and paying for college and ways to raise last-minute from college.

Millions of high school graduates will head to college in the fall and navigating the college admissions process can be tricky and time-consuming.

Mac is hosting a Maconomics Wealth Summit this weekend, with a yacht party at Navy Pier on Friday, a summit Saturday at Whitney Young Magnet High School and the Maconomics Foundation Celebrity Basketball Classic on Sunday.

For more information and tickets, click here.

Tags Business Tips, Entrepreneur, Finance For Women, Money Matters