What no longer holds your interest?
Post your answer in the LEAVE A COMMENT section below. I’m not the boss of you, though. Don’t write anything for all I care! Whatever . . . I’m so bored.
. . .here are my thoughts.
What no longer holds your interest?
I hate debt! People say student loans and primary mortgages are “good debts.” Screw that! You’re still paying more in interest each year than you save with tax deductions. Debt = bad! Then again, you can usually make a better long-term return investing in the stock market than you’ll pay in interest given a reasonable APR. And, of course, it’s important to maintain an “Emergency Fund” of at least 6 month’s worth of expenses. You want to keep this money easily accessible so you can get to it immediately in the case of a—you guessed it—emergency. The problem is where to keep the cash. Most checking accounts bear no interest, so that’s not a great place to store funds. Your average brick and mortar savings account will give you less than 1% interest—not even enough to keep pace with inflation. I choose to maintain my “Emergency Fund” in an online money market account that rewards substantially more interest than the likes of Chase or PNC, while allowing the necessary quick access. In short, my Chase savings account no longer holds my interest in holding my interest. See what I did there?