HMBradley: 3% APY checking account too good to be true?

HMBradley recently changed the requirements for earning 3% APY on their platform. Beginning February 1, 2022, although HMBradley remains an exclusive high-yield savings account that offers 3% APY, HMBradley added an additional requirement to getting that 3% APY. For users that met all of three existing steps earned 3% APY, as I’ve outlined in my previous article: (1) Connect your direct deposit to HMBradley; (2) … Continue reading HMBradley: 3% APY checking account too good to be true?

Bob BennettDecember 29, 2021March 3, 2022Leave a comment

Advice

That’s a Yotta Crypto? The best high-yield savings account is now offering more

Yotta is a FDIC-insured, lottery-based, high-yield savings account. Previously, I’ve written an article singing the praises of this app (link). The current system offers you 0.2% APY plus lottery winnings. This averages out to be around 1.5 to 1.9% APY. While this return is lower than the 3% offered by Porte and HMBradley, you only have to put money in Yotta to get the APY. … Continue reading That’s a Yotta Crypto? The best high-yield savings account is now offering more

Bob BennettNovember 17, 2021March 18, 20223 Comments

Advice

HMBradley: The exclusive, referral-only, 3% APY checking account

When you think of exclusive banks and referral only, you probably visualize a secret society of the ultra-wealthy or a villain from a Bond movie. Alternatively, you might be more grounded in reality, and believe private banking is for individuals with a net worth or savings above a certain dollar threshold. Well, HMBradley is neither! It allows members to join via referral; however, each member … Continue reading HMBradley: The exclusive, referral-only, 3% APY checking account

Bob BennettNovember 5, 2021November 8, 20212 Comments

Advice

Coffee shops are a privilege, not a right: Luxury is the new normal

Millions of Americans start their day with coffee that they buy from a coffee shop. They drive out of their way to wait in lines to pick up their morning caffeine fix for outrageous mark-ups. This “luxury” of not having coffee at home has infected people so much that they can not contemplate giving up their daily Starbucks run, or maybe two if it is … Continue reading Coffee shops are a privilege, not a right: Luxury is the new normal

Bob BennettOctober 29, 2021October 29, 2021Leave a comment

Advice

Porte, the 3% APY savings account – What’s the catch?

High-yield savings accounts (HYSA) do not feel high-yield anymore. The national average APY for US savings accounts is 0.06% according to the FDIC. 0.06% APY means that for every $10,000 you have tied up in a savings account, you are paid $6 per year. Obviously 0.06% will not protect you from any level of inflation, which means that these savings accounts are useless. Other online … Continue reading Porte, the 3% APY savings account – What’s the catch?

Bob BennettOctober 27, 20212 Comments

Advice

Buying homes with friends: Millennials’ new recipe for drama

With the price of homes still at record highs, some Millennials are coming up with a new strategy to get into home ownership: buying homes with friends. Millennials are growing tired of paying higher rents and losing out on building equity in real estate and the appreciation on home values. Therefore, some are partnering with friends and roommates to buy a nicer home than any … Continue reading Buying homes with friends: Millennials’ new recipe for drama

Bob BennettOctober 22, 2021October 22, 2021Leave a comment

Advice

Christmas shopping in October? Why Black Friday may be too late this year

I suffer from a condition known as “male brain.” One of the symptoms causes me to think that I can wait until the last minute to do my shopping. Growing up, I remember shopping with my dad at the mall on Christmas Eve. We, along with a large number of other men suffering from the same condition, scrambled to find last-minute gifts for the wiser … Continue reading Christmas shopping in October? Why Black Friday may be too late this year

Bob BennettOctober 19, 2021October 17, 2021Leave a comment

Advice

Kakeibo: The Japanese mindfulness budgeting system

Kakeibo – meaning “household finance ledger” – was invented by Japan’s first female journalist, Hani Motoko, in 1904. Motoko developed this accounting system for Japanese housewives, because, in Japan, the wife traditionally managed the finances of the household and gave the husband an allowance. The Kakeibo system was designed to make the user aware of their spending habits and help the user take control of … Continue reading Kakeibo: The Japanese mindfulness budgeting system

Bob BennettOctober 14, 2021October 14, 20211 Comment

Advice

That’s a Yotta cash: The risk-free, lottery-based savings account

Saving cash is an important part of your financial planning. While “cash is trash” and similar headlines are spreading, having cash set aside is important for an emergency or making a big purchase soon. The reason why “cash is trash” has been going around is for two reasons: (1) interest rates on borrowing money is near record lows, and (2) the return on investing in … Continue reading That’s a Yotta cash: The risk-free, lottery-based savings account

Bob BennettOctober 5, 2021October 30, 20215 Comments

Advice

Does your Doge bite: The dangers of Dogecoin investing

Elon Musk is a tech billionaire, inventor, and the richest African American in the world. Moreover, he was the inspiration for Robert Downy Jr.’s Tony Stark. Now, the CEO of Tesla is also the Twitter “Stonks” guy who is pushing Dogecoin “to the moon” as the currency of tomorrow. Dogecoin is a type of cryptocurrency, or “crypto.” These cryptos are digital currencies that can be … Continue reading Does your Doge bite: The dangers of Dogecoin investing

Bob BennettFebruary 7, 2021August 23, 20211 Comment

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Category: Advice

HMBradley: 3% APY checking account too good to be true?

That’s a Yotta Crypto? The best high-yield savings account is now offering more

HMBradley: The exclusive, referral-only, 3% APY checking account

Coffee shops are a privilege, not a right: Luxury is the new normal

Porte, the 3% APY savings account – What’s the catch?

Buying homes with friends: Millennials’ new recipe for drama

Christmas shopping in October? Why Black Friday may be too late this year

Kakeibo: The Japanese mindfulness budgeting system

That’s a Yotta cash: The risk-free, lottery-based savings account

Does your Doge bite: The dangers of Dogecoin investing