Throughout the last year, I have met a number of people with six and seven figures of cash in money market or bank savings accounts. That’s 1M dollars invested in an account earning less than one percent interest!
Instead of letting that much money languish in low-interest accounts, there are a number of things you can do to help maximize the rate of return on your investments. For example, if there is an amount of money needed for the next six months to one year, keep that cash liquid and keep it in the highest yielding, no penalty account. For example, I have a bank close to me/strong>
We have all watched in awe and/or in disgust over the last few years at how the federal government has run. So this brings in the question of whether the government is a business.
From a high level, it appears that it should be a business. It has revenues and expenses. It has accounting as well as human resource departments. It even has the regular business statements like revenue, expense, income and balance sheets. We all became very aware of this with all of the budget negotiations we have seen or more recently the debt ceiling debate/debacle.
Jobs will be a major discussion this week. As President Obama talks Thursday night with Congress about his ‘jobs plan,’ Americans will wait with bated breath.
Why are jobs so important? We have been in this economic downturn for several years now, and our unemployment rate remains high at 9.1%. But why is it so bad to have high unemployment, especially if you have a job?
Working people help make the economic world go round. When people are working they are bringing in a paycheck and spending at least some of it on various good and services. From buying groceries to having their/em>
Written by Certified Financial Planner Kelly Campbell, Fire Your Broker is a practical financial guide for anyone who wants to take hold of their financial future!
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On January 23rd, Kelly Campbell was interviewed by WTTG FOX 5 on a special segment titled “Out with the Old, In with the New.” Kelly offered his advice and insight on weighing options when making decisions on large ticket puchases such as a new car or making upgrades to your home.
Kelly Campbell, a Certified Financial Planner, has nearly two decades of experience in the financial planning and investment management. He is President and CEO of Campbell Wealth Management, an independent, Northern Virginia/Washington, DC-based firm. Contact Kelly Campbell » Find out more about Kelly »