Yielding Wealth | Personal Finance

May 7th, 2008

Saving Money: E*Trade Bank to Increase APY on Savings Account

As I mentioned before, the string of interest rate cuts by the Federal Reserve has severely hit the annual percentage yield (APY) on my cash investments, including my high yield savings account.
So it’s rather refreshing that at least one bank is upping its APY, even if by a rather small amount. E*Trade Bank is increasing […]

By miranda -- 0 comments

October 9th, 2007

Ask the Piggy Bank: Lotto or Savings?

The subject of today’s Ask the Piggy Bank has to do with playing the lottery. Many people regularly play the lottery, buying tickets about once a week. Those $1 tickets don’t seem like much, but they can sure add up. So, here is the question posed:
What wealth would someone accumulate if from 18 […]

By miranda -- 8 comments

August 6th, 2007

Boost Your Savings Account

One of the slowest investments is a savings account. Oh, it’s an investment. You just don’t think of it that way because it happens to grow at such a snail’s pace. But it’s an investment. If you want to boost your yield (and you should want to!), you should take a different approach. An online […]

By miranda -- 4 comments

August 6th, 2007

Assets v. Liabilities

Yielding wealth is about more than just earning more and spending less. It’s really about building wealth based on what you understand about how money works. This means that you need to have a solid understanding about the difference between assets and liabilities. Whenever you look at your financial situation, you look at it in […]

By miranda -- 0 comments

August 4th, 2007

3 Keys to Yielding Wealth

While yielding wealth and building a solid financial base has its finer points, the fact of the matter is that the whole concept can be whittled down to 3 main keys. It is important to understand these three things if you want to understand how you can begin to build wealth:

SAVE. This is one of […]

By miranda -- 0 comments