One of the things I noticed when I was working in biglaw was that whenever there was free food available, everyone came running. It didn’t matter if you were a lowly junior associate like I was or a big-time partner – free food was free food and everyone wanted it. It’s a funny thing. We […]
One of the things I’ve gotten pretty good at over the years is figuring out ways to get great, risk-free rates of return on my non-invested cash. For years now, I’ve taken advantage of a little financial hack that allows me and my wife to earn a guaranteed 5% interest on up to $10,000 in […]
One of the best ways to guard against a potential job loss is to create an emergency fund. But perhaps an even better thing you can do is to set things up so that if something does happen to your job, you have other jobs still waiting for you. That way, no matter what happens, […]
One of the most popular posts I’ve written on this blog is a post I wrote some time ago about how I’m able to put away as much as $50,000 in FDIC insured savings accounts that earn a guaranteed 5% interest. It’s far and away my most commented on post, garnering well over 500 comments […]
One of the things I’ve noticed about the FIRE (Financial Independence, Retire Early) community is that we all tend to be naturally environmentally friendly – it seems to be a byproduct of the lifestyle choices that we make. Take me as an example. I bike to work, keep my heat turned down fairly low during […]
Most people don’t believe it, but even in today’s market, you can still earn 5% interest on money sitting in an FDIC insured savings account. It does require a little bit of legwork to set up, but once you’ve done it, the entire account is completely automated.
For most people, a 5% interest savings account is a perfect place to store your emergency fund. It’s where I store my emergency fund. And depending on how much you like to keep in your emergency fund, you could potentially have your entire emergency fund earning 5% interest per year.