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.