Tag: Money

Advice

PrizePool: friends have benefits with this prized-based savings account

A dollar saved is a chance to win $10,000 every week. PrizePool is another prize-based savings account similar to Yotta. The accounts have a lot in common: FDIC insured through Evolve Bank & Trust up to $250,000 Users win interest via a lottery system with recurring tickets awarded for saving money Users get debit cards for easy access to funds Rewards for referrals and not … Continue reading PrizePool: friends have benefits with this prized-based savings account

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Advice

That’s a Yotta Cash! New $250,000 rolling “Hot Pot”

Yotta, the lottery savings account is once again mixing things up. This time they are making their savings account more like the lottery with a $250,000 prize that grows the longer someone does not win it. If you are not familiar with Yotta, it is a lottery based savings account that pays you 0.2% APY plus winnings from tickets (up to a grand prize of … Continue reading That’s a Yotta Cash! New $250,000 rolling “Hot Pot”

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Reviews

Bobbie’s Book Briefs: The Millionaire Next Door

Recommendation: 10/10 Best Version: AudiobookVersion Consumed: Kindle e-book and Audiobook While this book and the underlying study comes from the 1990s much of the information is still relevant to those seeking to be financially independent today. Some of their metrics – such as not buying a home that is more than double your income – would not hold true today since the market was very … Continue reading Bobbie’s Book Briefs: The Millionaire Next Door

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Advice

Land of the free, unless you are not rich: Celsius freezes access to U.S. users

Earlier this year, BlockFi settled claims with the SEC regarding its crypto interest platform’s U.S. user base. Part of this settlement required BlockFi to no longer offer these services to United States residents. There was an exception for U.S. users with funds already in the interest platform, allowing those funds to continue earning interest, but any additional funds could not be added to the interest account. Continue reading Land of the free, unless you are not rich: Celsius freezes access to U.S. users

Bob Bennett
Advice

That’s a Yotta scratchers: Instantly win up to $1,000 for joining in March

Yotta is a prized-linked savings account that offers “lottery tickets” each week for saving money with them. You can win up to $10 million dollars, a Tesla, or just a decent APY. Recently, Yotta has rolled out new features, including crypto buckets, which hold your money in stablecoin and pay you 4.5% APY plus extra lottery tickets for staking your crypto with them. Other new … Continue reading That’s a Yotta scratchers: Instantly win up to $1,000 for joining in March

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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

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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

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Advice

Simple Budgeting: The 50/30/20 rule-of-thumb budget

Most budgeting systems are time consuming and complex. The beauty of the rule-of-thumb budget is the speed and simplicity of it. All you need to know is your after-tax income. Once you have determined your after-tax income, you simply allocate it as follows: 50% towards your necessities 30% towards your wants 20% towards your financial goals Next is to define the categories: Necessities, Wants, and … Continue reading Simple Budgeting: The 50/30/20 rule-of-thumb budget

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Advice

Understanding opportunity cost: How much does that avocado toast and Starbucks actually cost me?

So called financial gurus tell you that if you want to be rich, quit eating avocado toast and drinking Starbucks. Admittedly, this does remove expenses that may add up over time. However, that frugality alone won’t make you “rich.” Rather, understanding the ideas behind the “avoid paying $10 for avocado toast and $5 for coffee” is what will make you handle your money better and … Continue reading Understanding opportunity cost: How much does that avocado toast and Starbucks actually cost me?

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Advice

Finance 103 – Budgeting: Dave Ramsey’s ‘EveryDollar’ method

Give every dollar a purpose. It sounds simple, but is it? Financial guru and credit card killer Dave Ramsey has his method of helping people master their finances and get out of debt – the “Baby Steps.” Through these steps, people are led to financial peace and mastery of their money. The first thing you must do to begin your journey to financial peace is … Continue reading Finance 103 – Budgeting: Dave Ramsey’s ‘EveryDollar’ method

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