Tag: savings account
Series “I” Bonds vs Index Funds: Making the Leap From Saver to Investor
The most challenging aspect of becoming financially independent is making the leap from a saver to an investor. It’s nearly impossible to save your way to financial freedom. As much as we love the comfort of having our money in savings, earning 3-4% on your cash won’t net you enough to retire. How do we…
Middle-Class Investing 105: Start with Savings & Interest
Becoming a big-time investor doesn’t start with buying dividend stocks and real estate. First, you must appreciate every dollar you earn. The purpose of every dollar you earn is to earn more dollars. That’s right; your money makes you money. The first place we can start earning income from our money is in the banks.…
Build a $1,000 Emergency Fund in 10 Steps
Saving money is a process that most of us need help understanding. If you want to save a large amount of money, your system will need to operate like clockwork. You’ll need to visualize your money before you can save consistently. You can see your money best by using spreadsheets and following a budget. You…
Investing for Interest 106: My Favorite High-Yield Savings Account
One of the best ways to start your journey from non-saver, to a saver, to an investor is by opening a high-yield savings account (HYSA). In fact, my first passive income payday was from my favorite high-yield savings account. Welcome back to the Investing for Interest series (101, 102, 103, 104, 105). I have recently…
