Blog | Page 5 of 29

3 Things 3-1-25

Thing One HYSAs Revisited A year or so ago, we discussed high yield savings accounts (HYSAs). Given the cash that many investors are still sitting on, we thought we’d revisit the subject. What follows is a primer per Miranda Marquit writing for Buy Side WSJ: “…Key takeaways High-yield savings accounts often pay up to 10 times higher APYs than their traditional counterparts. Benefits of high-yield savings accounts include a low-risk way to grow your savings faster and re

3 Things 2-24-25

Thing One Apps That Help You Save/Make Money Soon after smart phones became an integral part of our daily lives, the phrase, “there’s an app for that” became ubiquitous as well. The following is a summary of three apps geared toward helping us save money: Acorns - This one's great if you want to save without even thinking about it. It rounds up your everyday purchases to the nearest dollar and invests the spare change into a diversified portfolio. It’s perfect for begi

3 Things 2-17-25

Thing One A Tale Of Three Savings Plans Once upon a time, there was a person who earned $12 per hour, working diligently at their job for 40 hours a week. They harbored a dream of saving up to a million dollars through careful savings and investments. Here are three tales of how this dream could unfold, all with an assumed 7% annual return on investment: The Moderate Saver's Tale: Our protagonist chose to save 20% of their net income after taxes, which came to $3,840 ea

3 Things 2-10-25

Thing One To Pay Down Or Invest, That Is The Question To get to the answer you are going to have to balance potential returns against the cost of borrowing. Totally paying off debt is like earning a guaranteed return equal to the interest rate of the debt. For example, if you have a credit card debt with an 18% interest rate, by paying it off, you effectively gain an 18% return on your money, which is often higher than what many investment vehicles might offer in the shor

3 Things 2-3-25

Thing One Revisiting The Social Security and Medicare Issue We've previously mentioned the ticking time bombs that are the Social Security and Medicare trust funds. The former is projected to be insolvent by 2035 and the later by 2026. Given the dire nature of the situation, we believe that all options for addressing the impending crises should be on the table, including means testing, which would essentially reduce benefits for well-off “older people”. With that in mi

3 Things 1-27-25

Thing One Reagan Told Us The Secret About Corporate Taxes "...The government has only two ways of getting money other than raising taxes. It can go into the money market and borrow, competing with its own citizens and driving up interest rates which it has done, or it can print money. And it’s done that. Both methods are inflationary. We’re the victims of language. The very word inflation leads us to think of it as just high prices. Then, of course, we resent the pe

3 Things 1-20-25

Thing One Money Tips For The New Year The following is from Savings Pro economist, Mark Bradley "What are the stupidest money mistakes most people make? Where do I start? I’m a huge financial nerd, and have spent an embarrassing amount of time talking to people about their money habits. Here are the biggest mistakes people are making and how to fix them: Not having a separate high interest savings account Having a separate account allows you to see the results of al