Cash Is Trash, Don’t Fund Your Savings Account, Do This Instead…

Interest rates are at all-time lows, with many savings accounts and money markets paying less than 1% interest. The Capital One savings account currently offers 1% APY, meaning you’ll make $1 per year for every $100 invested.

Meanwhile, many Capital One credit cards charge 15–24% APY, meaning you owe $24 for every $100 late payment.

It’s good to be a bank. You can pay peanuts in interest, while collecting premiums from others. But, what if there was a way for you to do the exact same thing?

Could you collect premium rates while paying very little back?

Yes. This article explains how.

Enter The Dividend Spread

While you should have some money saved up or set aside, I don’t know how important having six months living expenses is anymore. Especially with interest rates so low.

A six month emergency fund at $3,000 per month cost of living means you’re leaving $18,000 in the bank. Where it sits, doing nothing. The $180 earned means nothing when your cost of living goes up 3% a year and America’s massive debt load threatens to usher in a new era of hyperinflation.

Maybe one month’s living expenses is fine, or possibly two. But tying up large sums…