Categories: Savings

Skip Your Bank! These 7 Options Will Make You MUCH More Money.

Interesting reviews top searched Business Days, Instant Decision Credit Cards, Salon Business Plan, and How Safe Are Bank Savings Accounts, Skip Your Bank! These 7 Options Will Make You MUCH More Money..

Let’s see if this sounds familiar….you have some money sitting in a savings account and it is probably making next to nothing. If you are not really sure what to do, you have several options. 🤔

You can go to a bank and stick it in a savings or money market account, chances are they are not going to pay you anything. If there were, you wouldn’t be watching this video.

With that in mind, I want to talk about 7 alternatives to placing you savings into a bank. 🏦

I am also going to share a client story with you about where a client was keeping his cash. (You won’t believe where he was keeping it or how much he was keeping there!)

So let’s dive right into your options:

00:00 Intro

01:10 ➡️ Online savings – Any sort of online savings or bank account (just make sure they have FDIC). They have a lot less overhead than traditional brick and mortar – this could mean higher interest rates.

03:54 ➡️ US Treasuries (TBills) – It may seem a little old school – but you can do all of this online.

04:42 ➡️ High Dividend Stocks – This is a little higher risk and not somewhere you want short-term money. Just because a stock pays a dividend doesn’t mean it won’t drop in value.

06:27 ➡️ Bonds – You are most likely not going to buy individual bonds, but rather bond mutual funds. I would suggest ETFs, just remember higher yield = higher risk.

09:30 ➡️ Blended Portfolio – This would be a mix of stocks and bonds, and utilizing ETFs to get this blend. You can utilize a platform like Betterment or Wealthfront.

🤯 Before we get to the last two, I want to tell you about this client …he had $140,000 in a safe in his basement. I can’t remember how long he had this cash sitting there, but I thought it was crazy. Sitting there, making nothing for him. This is an option that you DO NOT pick.🤯

12:14 ➡️ Real Estate Investment Trusts (REITs) – This is a way to invest in real estate without managing properties. You can buy these many different ways, the simplest is to buy a REIT ETF. Another is online real estate investing, my favorite platform for this is Fundrise.

14:25 ➡️ Peer-To-Peer Lending – This allows YOU to be the bank. You are lending money to other peers. The great thing is, you can see their reasons for borrowing. This allows you to set your risk level.

That is my top 7 alternatives to bank accounts. You can pick as many or as few of these options as you like. I just wanted to share that there is more than one way to invest and earn interest.

Which options sounds the most attractive to you?

Are you already using one or more of these options? Let us know how this is going for you.

★☆★Resources Mentioned in Video★☆★

📉 https://www.goodfinancialcents.com/resources/fundrise-youtube-invest-500.php
📉https://www.goodfinancialcents.com/resources/lendingclubinv-youtube-get-started-with-lc.php
📈 https://www.goodfinancialcents.com/resources/betterment-youtube-invest-500.php
📉 https://www.goodfinancialcents.com/resources/ally-youtube-invest-500.php
📉 https://www.goodfinancialcents.com/resources/etrade-youtube-invest-500.php

★☆★ Want More Good Financial Cents? ★☆★

💻 Check out my blog here: https://www.goodfinancialcents.com/

Listen to my podcast here:

🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2

Pick up my best selling book, Soldier of Finance, here:

📗 https://amzn.to/2xOH78V

Connect with me on Twitter:

My most favorite inspiration T-shirt line, Compete Every Day:

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How Safe Are Bank Savings Accounts, Skip Your Bank! These 7 Options Will Make You MUCH More Money..

Mobile Car Wash Organization Customers And Fleet Clients Discussed

This is a great card to utilize for anybody that is attempting to accomplish an improved credit rating. You can constantly obtain a low rate business loan and alleviate your problem. You should not simply blindly approach any of these.

Skip Your Bank! These 7 Options Will Make You MUCH More Money., Watch new reviews about How Safe Are Bank Savings Accounts.

Online Organization Banking Promotes Benefit At Its Best

An advantage to going to the bank personally is that there is no opportunity you will be misguided or scammed of money. But for the most affordable rate of interest, the protected loans are the best.

Web banking is among the very best things that have actually happened to the monetary sector. It has made banking a breeze and it’s not going to stop improving. The quantity of things that you can do with banking online is amazing and it has also lowered the cost of banking for the banks as well as the bankers.

Running a service is hard, however your Business Banking does not have to be. If you have your Business Banking set up with Wells Fargo, you’ll more than happy to know that the same activities and keeping track of abilities are readily available for business consumers.

Debit cards differ from Credit Cards in that they enable consumers to pay for items or services straight from their checking account. They are paying with funds currently in hand, not borrowing from the charge card company to purchase. Debit cards included their own benefits and drawbacks as a type of payment.

Getting rid of SBA warranty charges. When you get an SBA loan you have to pay a charge at closing which goes to Washington and helps settle losses from the banks. It can be expensive, especially for larger loans. TRANSLATION: Aren’t all of us tired of paying extreme closing expenses and charges?

While requesting new small Business Loans, the customer requires to encourage the loan provider about his repaying ability. For this spoken assurance is not enough. You need to give solid proof that your business will earn sufficient earnings and you will be able to repay the loan quantity on time. Bankers and other traditional loans are least interested to provide start-up loans as there is a big risk for loan providers. With this plan you can have the requested quantity easily and quickly.

Among the nice aspects of having web banking is you do not in fact need to go to your bank to see your declaration, or stressing about just how much money is in your account. Some people that have difficulty getting to the center and those without a vehicle find it convenient to utilize the web to check their balance, amongst other things.

When it is about beginning a brand-new business numerous things enters context. These are like purchasing an office or a land or a shop, building office, embellishing it, employing people to work, purchasing basic materials and machines. For all these things the loans too need to be sufficient. The bank loan have actually fixed all those issues and are helping its customers in each and every element.

Without positioning security you will get money for your business. Not simply that, you can also conserve yourself from ruin with the catastrophe recovery loan. It is highly a good idea to keep at least one charge card open.

The start of call center services has increased the economy of most third world countries. This is done through contrast amongst all existing handle market by loan lending institutions.

If you are finding more exciting reviews about How Safe Are Bank Savings Accounts, and Small Business Loans for Women, Business Banking Services, Processing Credit Cards, Credit Card Stressbusters dont forget to list your email address in a valuable complementary news alert service totally free.

Robert Henry

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