Podcasts about deposit cd

“The prudent sees danger and hides himself, but the simple go on and suffer for it.” – Proverbs 22:3That verse reminds us that wisdom means planning ahead, especially when it comes to life's most serious emergencies. If something were to happen to you, would your family know how to manage the finances, pay the bills, or access important documents? Today, Dr. Art Rainer joins us to walk through how to create a financial emergency binder.Dr. Art Rainer is the founder of the Institute for Christian Financial Health and Christian Money Solutions. He is a regular contributor here at Faith & Finance and the author of Money in the Light of Eternity: What the Bible Says about Your Financial Purpose.Why Planning Ahead MattersLife is full of unexpected turns, and while we trust God in all things, wisdom calls us to prepare, especially when it comes to our finances and family care.Consider the questions every household should be able to answer:What happens if you or your spouse is hospitalized?Would someone know how to manage your bills and care for your children?If you were to pass away unexpectedly, would your family know where to find your vital documents?Sadly, many families are left overwhelmed and directionless in moments of crisis because these preparations were never made. Yet this kind of confusion can be avoided through a simple but powerful step: organizing essential information before it's urgently needed.The Power of an Emergency BinderAn emergency binder is a centralized location—digital and physical—where your most critical information is stored. This includes:Financial accounts and passwordsMedical records and contactsInsurance informationBill due dates and utilitiesFuneral wishesChildcare instructionsAnd more.Preparing an emergency binder may not feel urgent, but when the unexpected happens, it becomes priceless. Organizing your household's key information is a tangible expression of love, wisdom, and care. It's a simple act of stewardship that offers comfort, clarity, and care when it matters most.How to Get StartedCreating an emergency binder might sound overwhelming, but it doesn't have to be.Here's a simple approach: work on one section at a time. Set aside 30 to 60 minutes a day to focus on gathering the necessary documents for each category. This bite-sized method turns a daunting project into a doable one.And once it's complete? Print it out. A red three-ring binder is a wise choice for easy identification in an emergency. Store it in a secure, fireproof location, and ensure that your loved ones are aware of its location. It's also wise to keep a digital backup, securely stored and shared with trusted family members.If you're thinking, “I wish someone would just do this for me,” you're in luck. Art and his team have created The Essential Emergency Binder—a beautifully designed resource with over 60 pages of templates and instructions to help you get started quickly and confidently.You can find it at EssentialEmergencyBinder.com.On Today's Program, Rob Answers Listener Questions:I want to consolidate our investments. We have a pension, Social Security, Roth IRAs, a 401(k), and traditional IRAs at two different financial institutions. Is it better to have everything in one place?I'm concerned about how my church is spending its tithe money on items like a drum set and library donations, rather than traditional ministries. Is this the right way for a church to use funds?I've received a six-figure inheritance from my uncle in Florida, which includes checking, savings, a money market account, and a Lutheran annuity. I would like to confirm that there is no inheritance tax in Ohio. I'm considering investing the money in CDs through my bank's Certificate of Deposit (CD) program. Can you confirm the tax situation and advise me on this approach?Resources Mentioned:Faithful Steward: FaithFi's New Quarterly MagazineEssential Emergency BinderWisdom Over Wealth: 12 Lessons from Ecclesiastes on Money (Pre-Order)Look At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

Why I'm so excited about the tariffs You may be thinking I'm a little bit crazy or blind to what is happening now, but I really wish people would be a little more patient and give this a few months to see the benefits. I want to remind people that the path we were on could've led to a collapse just like the great Roman Empire in 476 A.D. The United States in 2024 helped other countries grow their economies by sending them over $1 trillion in trade, not even close to fair trade and that is money we will never see again. Also in 2024, we saw our national debt climb to $35.5 trillion, an increase of roughly $2.5 trillion dollars in just one year! If that continued for the next 10 years, we would have debt of nearly $60 trillion, which would be unsustainable. Let's not even talk about the interest payments on a debt level that high. What is already starting to happen is not the foreign countries, but rather the foreign companies themselves want to continue to be profitable and understand they must produce and be located in the United States. Companies like Siemens from Germany, Taiwan semiconductor and Foxconn along with others have already made huge financial commitments that will benefit their companies and also our country as well. As the days, weeks, and months pass along, I believe you will be hearing about more companies coming to the United States. I believe immigration will also change because we simply do not have enough workers to fulfill all these new jobs. This could lead these foreign companies to bring their workers along, which would make them part of the US consumer base that buys houses, cars, and simple things like go to the grocery store and go out to dinner and even get haircuts. This is quite a bit different from the problems we have with immigration now as it has become a big burden on the US economy. I believe this would create a major win for our country, please be patient!   Good luck if you are trying to time the market If you have sold out of strong companies at good valuations during this market pullback, I believe you have made a huge mistake. As I have said there will be positive news that comes about and moves the market higher, which then leaves you with the question of what do you do now? Get back in? Wait for it to pull back? These trading mistakes can cost you immensely in the long run. I was surprised to see that going back over the last 20 years, seven of the top 10 days in stocks came within a two-week period of the worst 10 days. Which means many people that sold during the worst 10 days likely also missed those great days and the eventual recovery. A great example showing how quickly the tide can turn came on Wednesday after the announcement that there will be a 90-day pause on the full effect of tariffs since more than 75 countries have contacted US officials to negotiate a solution. There was also news that there is an “on the water clause” for cargo entering the US ports. This means any cargo “loaded onto a vessel at the port of loading and in transit on the final mode of transport on or after 12:01 a.m. EDT April 5, 2025, and before 12:01 a.m. EDT April 9, 2025, and (2) are entered for consumption, or withdrawn from warehouse for consumption, before 12:01 a.m. EDT on May 27 2025, are subject to the 10% additional rate in lieu of the country-specific rate of duty.” This is important as it will give companies more time to plan for elevated tariffs. These announcements led to a huge gain in stocks with the Dow climbing 7.87% on the day and the S&P 500 climbing 9.52%. The thing that surprised me was many companies that have China ties also rebounded substantially, but the tariff charged to China will be 125%, effective immediately. I'd be careful buying the dip here on all companies, but the important point I want to show is that the tide can turner quicker than you think!   How does the United States collect tariffs? It is quite the system and it's not as simple as a country/importer sending a check to the United States. The US doesn't do the calculation for every shipment that comes into the country. No matter how it comes in, if it is by truck, plane or ships the country doing the importing is the one that calculates the tariffs and sometimes they use what are known as customs brokers to do the calculation for them. It may surprise you that it is somewhat on the honor system. Before a shipment approaches the border, the importer or the customs broker files electronically the paperwork and says what they are bringing and how much they owe. When the ship pulls into port, the information is reviewed by customs agents before they allow the goods to be unloaded and released. It is kind of like when we file our tax returns. It is on the honor system that you put in all the correct information and just like you may be audited on your tax return, customs do perform random inspections to verify what is being brought in and that the tariff amount is correct. Importers have an account with customs and pay the duties to them. If they use a licensed customs broker, then that broker would make the payment. After all this is completed, whoever imported the goods has 10 days to pay the duties. The penalties are pretty hefty if the importer does not pay within 10 days as they will be hit with admin fees, interest, and other penalties along with the biggest concern which would be suspension of deliveries to the United States. I would definitely say it is in the best interest pf these importers to pay the United States customs within 10 days.   China may look at other avenues to hurt the US in this trade war I've said this before, but the tariffs on Chinese goods hurts them more than their tariffs on our goods. The simple math on it is the U.S. exported $143.5 billion of goods to China in 2024, while importing products worth $438.9 billion. Trade is way more important to their economy considering the fact they are a net exporter and a large one at that. In 2024, China exported roughly $3.58 trillion worth of goods, while importing just $2.59 trillion worth of goods for a surplus around $1 trillion. This makes trade a huge part of GDP as net exports contribute around 20% of GDP. The US on the other hand is a net importer so our trade deficit actually subtracts from GDP. What else can China do to harm the US? China did issue an alert warning its citizens of the potential risk of traveling to the US and attending schools there. Although there were approximately 1.6 million Chinese tourists that visited the US in 2024 and more than 250,000 students enrolled in schools, I don't see this advisory as too problematic especially considering there was an estimated 77.7 million people from other countries that visited the US in 2024. The big concern people have is China selling our debt to drive up borrowing costs. I was disappointed by an article that said China could crush our housing market by selling mortgage-backed securities. Seemed a little dramatic to me considering foreign countries only owned 15% of the total outstanding mortgage-backed securities. Top owners did include China, Japan, Taiwan, and Canada, but I don't see those other players selling at this point in time to harm US markets. It appears China holds just around 2-3% of these mortgage-backed securities and has been selling them over time with holdings down 8.7% year over year in the month of September and down 20% by the start of December. Even looking more broadly at U.S. treasury securities, China owned just $760.8 billion as of January 2025, which would represent about 2.2% of the total U.S. federal debt. Be careful falling for click bait, as I don't believe China has the ability to “crush” our housing market. It would likely cause interest rates to increase slightly, but an outright crash would be extremely unlikely. Overall, while this trade war may hurt us, I still firmly believe it will have a far larger negative impact on the Chinese economy!   Why You Should Never Buy a Certificate of Deposit (CD) Again For decades, certificates of deposit (CDs) have been a go-to option for savers looking to earn a little extra interest while keeping their money safe. However, in today's financial landscape, CDs have become nearly obsolete, offering little to no advantages over more flexible and higher-yielding alternatives. One of the biggest drawbacks of CDs is their lack of liquidity. When you lock your money into a CD, you typically agree to keep it there for months or years. Withdrawing early results in penalties, often forfeiting several months' worth of interest. High-yield savings accounts, on the other hand, offer similar or even better interest rates while allowing you to withdraw funds at any time. Many online banks now offer savings accounts with yields that rival or exceed CD rates, giving you the best of both worlds: competitive returns and unrestricted access to your money. Another option is U.S. Treasury Bills (T-Bills) which are one of the best alternatives to CDs, offering higher returns with even greater security. Backed by the U.S. government, they are virtually risk-free and often yield more than CDs of similar durations. Additionally, T-Bills offer tax advantages, as the interest earned is exempt from state and local income taxes—something CDs cannot provide.  Money market accounts provide another strong alternative to CDs. They often have rates similar to or higher than CDs but come with added flexibility and liquidity. Additionally, money market funds that hold federal or municipal debt come with some tax-exempt income as well.  CDs may seem like a safe, simple choice, but in reality, they are an outdated savings vehicle that rarely makes financial sense anymore. Whether you choose a high-yield savings account, T-Bills, or money market funds, there's always a better alternative that offers higher returns, more liquidity, or better tax advantages.   Companies Discussed: RH (RH), Caterpillar Inc. (CAT), Harley-Davidson, Inc (HOG) & Warner Bros. Discovery, Inc (WBD)

How do you teach your kids about money? How do you teach your kids to save money? Is it better to invest in a Certificate of Deposit (CD), Money Market Account, IRA, College Plan, or something else?  Do your kids know the "Rule of 7?" This week's Crushing Debt Podcase episode is inspired by Shawn's son's Bar Mitzvah, where he received quite a bit of money in the forms of gift cards, checks, cash, and even a portion of a Real Estate Mortgage and Note.  That got us to thinking - how do you teach your kids about money? What is more important - short term or long term? How important is learning patience when it comes to money? Do you get the kids something tangible to represent the investment? We answer these questions and more on this week's episode. Let us know if you enjoy this episode and, if so, please share it with your friends! Please also visit our sponsors: Magic Mind - https://www.magicmind.com/CD20. Shawn has been using Magic Mind to crank out work with no sugar high or crash and no impact on his diabetes! Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.   Or, you can support the show by visiting our  Patreon page: https://www.patreon.com/crushingDebt   To contact George Curbelo, you can email him at GCFinancialCoach21@gmail.com or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach   To contact Shawn Yesner, you can email him at Shawn@Yesnerlaw.com or visit www.YesnerLaw.com. And please consider a donation to Pancreatic Cancer research and education by joining Shawn's team at MY Legacy Striders: http://support.pancan.org/goto/MYLegacyStriders0 8  

On this month's Advisor Roundtable podcast, we discuss the first month of negative market returns for 2024 and share the one statistic that we are talking about in all of our client meetings. There are differences between Certificates of Deposit (CD) purchased from a bank and those purchased from firms such as Baird. These differences may affect the rate of return and degree of risk for purchasers and may include but are not limited to variable interest rates, call features by the issuing bank, trading in the secondary market, price paid, transaction costs not typically associated with a traditional CD, redemption value, and withdrawal or sale prior or maturity. While secondary market purchases are also available, the FDIC insurance only covers the principal amount of the CD and any accrued interest up to that coverage limit. Investors should carefully consider these differenced before investing. CDs are subject to availability and minimum purchase amounts. Interest rates are subject to change without notice and could greatly impact the value of the CD. Availability and pricing are subject to change. Fixed income such as t-bills are considered to be a more conservative investment than stocks, but bonds and other fixed income investments still carry a variety of risks such as interest rate risk, credit risk, inflation risk and liquidity risk. In a rising interest rate environment, the value of fixed income securities generally declines and conversely, in a falling interest rate environment, the value of fixed income securities generally increases. Click here to receive the quarterly The Advocate Advantage™ e-newsletter. Follow us: LinkedIn | Facebook | Website | FYFA Book For more information about the Perry Richey Group of Baird Private Wealth Management, go to our website, call us at 270.467.9664, or email us at theperryricheygroup@rwbaird.com.   Click here to purchase Finding Your Financial Advisor on Amazon.

On this edition of the Advisor Roundtable, the Advisor Teams discusses noise in the media surrounding the Presidential Election and potential bills, markets at the start of 2024 and what statistics tell us about what that could mean for 2024, potential options for your short term assets as the interest rate environment changes and a recent buzzword in financial planning and annuity spaces: the QLAC. There are differences between Certificates of Deposit (CD) purchased from a bank and those purchased from firms such as Baird. These differences may affect the rate of return and degree of risk for purchasers and may include but are not limited to variable interest rates, call features by the issuing bank, trading in the secondary market, price paid, transaction costs not typically associated with a traditional CD, redemption value, and withdrawal or sale prior or maturity. While secondary market purchases are also available, the FDIC insurance only covers the principal amount of the CD and any accrued interest up to that coverage limit. Investors should carefully consider these differenced before investing. CDs are subject to availability and minimum purchase amounts. Interest rates are subject to change without notice and could greatly impact the value of the CD. Availability and pricing are subject to change. Fixed income is generally considered to be a more conservative investment than stocks, but bonds and other fixed income investments still carry a variety of risks such as interest rate risk, credit risk, inflation risk and liquidity risk. In a rising interest rate environment, the value of fixed income securities generally declines and conversely, in a falling interest rate environment, the value of fixed income securities generally increases. High-yield securities may be subject to heightened market, interest rate or credit risk and should not be purchased solely because of the stated yield. Annuities are complex products and should be reviewed thoroughly before any investment. Click here to receive the quarterly The Advocate Advantage™ e-newsletter. Follow us: LinkedIn | Facebook | Website | FYFA Book For more information about the Perry Richey Group of Baird Private Wealth Management, go to our website, call us at 270.467.9664, or email us at theperryricheygroup@rwbaird.com. Click here to purchase Finding Your Financial Advisor on Amazon.

My dad, Ron, lived in a time where mortgage interest rates were 18% - the highest in US history. He assumed he would never be able to own a home, and he would be renting forever. He had friends going down to the bank to get 12% interest on a Certificate of Deposit (CD). It was absolutely bonkers. He was just trying to get started, as a young man. The policies enacted to get things under control was so aggressive that it had lasting consequences for the American economy. But somehow, he survived, and came out on top. And he has seen the lingering effects of various monetary policies: it's not just that one quarter or one year that's affected. Why did this happen, and what did it mean for housing, cost of living, and consumer sentiment? Do we REALLY have to choose between high interest rates and high home prices? Take advantage of today's market conditions with our investing firm: https://cedar.cc/invest Find this podcast on YouTube: https://www.youtube.com/@SavingCapitalism Get more free resources here: https://ajosborne.com/

#BRNAM #1466 |  Certificate of Deposit (CD) rates are on the rise. How to pick what's right for you? |  Ted Rossman, Bankrate  | #Tunein: broadcastretirementnetwork.com #JusttheFacts

Dave Ramsey & George Kamel answer your questions and discuss: The best way to use an inheritance,  "When do you have to pay capital gains tax?" from the blog: What Is Capital Gains Tax? Why you should hardly ever put money in CDs. from the blog: What Is a Certificate of Deposit (CD)? Support Our Sponsor: Zander Insurance Churchill Mortgage PODS Moving & Storage Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Take our FREE 3 minute assessment: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Wondering how to save money? Discover the top personal finance advice and tips to start building your savings today!"Invest in yourself, keep your money, pay yourself and that's going to help you a lot with reaching your savings goals."Morgan Gray is the head of Bask Bank and a savings expert. She has helped many people reach their savings goals, including buying a house three years ago. Morgan provides invaluable advice on how to save money and make the most of interest rates.Morgan Gray was on a mission to provide practical personal finance advice and help people save money. She recommended starting small and setting goals, such as the classic 50/30/20 rule; 50% needs, 30% wants, and 20% savings. She also suggested putting savings into a high-yield savings or a certificate of deposit account, as it is a great way to grow money and earn more interest than expected.  Ultimately, Morgan's advice was to start saving, have faith in your savings, and find unique ways to earn rewards.In this episode, Jaime talks with Morgan about the following:1. Getting started with saving by using the 50/30/20 budget rule.2. Learning how to take advantage of high interest rates in a savings account and lock in rates with a Certificate of Deposit (CD).3. Discovering how to earn airline miles with a savings account and unlock additional rewards.Disclaimer: Bask Bank is a division of Texas Capital Bank. Member FDIC. The views and opinions expressed in this article are those of the author and do not necessarily reflect the views and opinions of Texas Capital Bank. Find GoBankingRates online at:https://www.gobankingrates.comhttps://twitter.com/GOBankingRateshttps://www.facebook.com/GOBankingRateshttps://www.instagram.com/gobankingrateshttps://www.linkedin.com/company/go-banking-rates

With the recent interest rates raise initiated by The Federal Reserve, many people are curious about where to park their cash in a way that provides the maximum benefits. This week's episode of Grow Money Business podcast, Grant discusses the methodology of saving cash in your emergency fund and several other options for investing your extra cash.   [05.06] The method – Starting the conversation, Grant dives into how much cash you need in your bank accounts as a business owner from his perspective and the reasons behind it.   [10.15] Emergency fund – Grant explains what you can do with the extra cash in your emergency fund and the vital things you have to consider.   [15.52] Capital one - American bank holding company Capital One Financial Corporation specializes in credit cards, auto loans, banking, and savings accounts.  [16.23] Ally Financial – A bank holding company that offers a variety of financial services, such as car financing, internet banking through a direct bank, corporate lending, auto insurance, and mortgage loans.  [20.15] Brokered CDs or T bills - Grant explains how brokerage CDs and T bills CDs work.    Resources   Online Savings Account - ally.com/bank/online-savings-account/   Treasury Bill Rates - data.nasdaq.com/data/USTREASURY/BILLRATES-treasury-bill-rates   What Is a Brokered Certificate of Deposit (CD)? –   investopedia.com/terms/b/brokered-cd.asp  

In this episode, we ask: Have you shared this episode? Would you like a free book? Show us how you shared this episode, and we will send you a book! What happens when your environment changes? What about the boring Certificate of Deposit (CD)? Are CDs liquid? What is the history of the CD? What...

If you need to get serious about savings, this might be the right way—and time—for you to do it.

If you need to get serious about savings, this might be the right way—and time—for you to do it.

On this episode of CU Succeed, we welcome Shelly Carrasco, Manager of Financial Services, and Sara Schaefer, a Member Contact Center Team Leader, to talk about Certificates of Deposit (CD's). CD's are a conservative alternative to investments and often times provide a higher yield than traditional savings accounts. Join us to learn how CD's work and ways they could help provide a boost in your retirement goals. Episode recorded 7/25/2022.

Certificates Of Deposit (CD) E Commercial Paper (CP) by Lucas SIlva

Retail Investing Pt. 11 - Risk Preference. Fredrick continues his Retail Investing series and dives deeper into structuring an Investment Risk Profile. In this episode, Fredrick breaks down Risk Preference and gives examples of how that plays out in real life, as well, Fredrick touches briefly on behavioral finance, answering the question: What is behavioral finance and defines volatility. He also discusses Certificate of Deposit (CD) and U.S. Treasury Bonds. Finally, Fredrick shares the story of Long Term Capital Management (LTCM) as a cautionary tale. As always, this financial education and the financial literacy resources provided are free of charge! #GetRealWoke #ForTheFree #ForTheFree Friday #RealWokeCommunity https://fredrickdscott.com Investing For Success - Investing Tips For The Everyday Person - Fredrick D. Scott, FMVA: https://fredrickdscott.com/product/investing-for-success/ Become a #RealWoke LiveChat Member to participate in the #Learn2Earn Cash Giveaway, gain access to discounts, contests, cash giveaways, exclusive content, and the exclusive #GetRealWoke Community Group, a private Facebook group where you can network with like-minded individuals, thought leaders, and credible, successful business owners and experts from various industries.: https://join.getrealwoke.com. Proceeds generated from the #RealWoke LiveChat Community are deployed back into the community to expand existing programs and initiatives and develop new programs and initiatives that benefit our community! Read Fredrick's books for valuable insight into personal and professional financial growth and business development skills: https://fredrickdscott.com/product-category/books/ Have a business idea that you'd like to talk through? Book Fredrick for an assessment to get his expert opinion: https://fredrickdscott.com/book-an-assessment/ Want an opportunity to speak to Fredrick one on one for free? Apply for an opportunity to appear on a #GetRealWoke Q&A Session: https://fredrickdscott.com/getrealwoke-qa-session-2/ Free financial resources personally developed by Fredrick are available https://fredrickdscott.com/forthefree-resources/ Check out the articles that Fredrick has written for Entrepreneur Magazine https://www.entrepreneur.com/author/fredrick-d-scott Fredrick's social media campaign strategy development and execution is provided by Sista Social LLC (https://sistasocial.com/) Disclosure & Disclaimer: https://fredrickdscott.com/disclaimer-disclosure/ #risk #riskprofile #riskpreference #riskaversion #investing #certificateofdeposit #treasurybond The content, images, name(s) (Fredrick D. Scott, Fredrick D. Scott, FMVA, Fredrick D. Scott FMVA, Fredrick D. Scott, FMVA®, Fredrick D. Scott FMVA®, Fredrick Douglas Scott, #GetRealWoke, and #RealWoke), likeness and brand are properties/assets of Fredrick D. Scott LLC and Intellectual Property rights are asserted thereto. No individual or company is authorized to duplicate, reproduce, or otherwise use any of the properties of Fredrick D. Scott LLC without the express, written authorization of Fredrick D. Scott LLC. Fredrick D. Scott LLC retains all use and licensing rights solely and exclusively. Any unauthorized duplication, reproduction, or other use of the aforementioned properties/assets on any digital or print mediums will be addressed in accordance with applicable federal and state laws, as well, the policies and procedures established by the owners of the platform(s) where unauthorized content is found. Violations can be reported to Fredrick D. Scott LLC via email at: fredrickdscottllc@gmail.com Notice: Under Section 107 of the Copyright Act of 1976 (17 U.S.C. § 101-122), allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by the copyright statute that might otherwise be infringing. --- Support this podcast: https://anchor.fm/getrealwoke/support

I have nothing against investment strategies that worked in the past. In fact, much of what we do when it comes to investing is based on what has worked in the long-term past. This said, there are some investment vehicles that used to have far more legitimate utility than they do today. One of these investments is the Certificate of Deposit (CD). CDs, in their current form, have little application to investors looking for adequate growth or income on their investments. CDs can benefit a small number of individuals in specific situations, but that does not make them an investment vehicle that the vast majority of retail investors should consider. Today, we will discuss: 1. What CDs are 2. Who can benefit from owning a CD 3. Who should not be owning a CD 4. How CD characteristics stack up with other investment choices   Begin your path to financial freedom today: https://www.youtube.com/channel/UCjyCApAbHBN0Jtw5bAehbRg?sub_confirmation=1   Don't forget to like, subscribe, and leave comments below as I would love your feedback. Be sure to check out my website (www.mnowithdylan.com) where you can get more information on my financial coaching services and more, the podcast of these shows if you are more of a listener than a watcher, and follow the show on any social media outlet (FB, Twitter, & Instagram) @mnowithdylan (Money's No Object with Dylan Howell) [All links in description]. Tune in tomorrow to learn what type of investment a preferred stock is. Don't forget to check-in every weekday (Monday-Friday) for new videos which will be uploaded each day at 6 a.m. CDT. Thank you, guys, for tuning into this episode of Money's No Object. I'm Dylan Howell. God Bless!   Website: https://www.mnowithdylan.com/   Financial Coaching Information: https://www.mnowithdylan.com/workwithdylan/   Facebook: https://www.facebook.com/mnowithdylan/   Instagram Page: https://www.instagram.com/mnowithdylan/   Twitter: https://twitter.com/mnowithdylan     (Please keep in mind that I am not a financial advisor. I create these videos for educational purposes only. You and only you are responsible for the investment decisions that you make.)

20210330 Stash the Cash Hello and welcome back to the podcast. Often in financial planning, we are planning for the future and managing finances can help you make that dream future a reality. But sometimes you have a need or goal and you’ll need pay for relatively soon, like in the next year or so? This may be for a house down payment, next year’s tuition, or to cover a gap in income while you take time off to care care of a newborn or right after retirement.  If you’ve got more than pocket change your saving, I recommend a bank. You don’t trust a bank? The Federal Deposit Insurance Corporation (FDIC)  insures your deposits up to $250,000 per FDIC-insured bank per person per ownership category. It covers checking and savings accounts, CDs, money market accounts. Single accounts and joint accounts are separate ownership categories.  More details at the FDIC. https://www.fdic.gov/deposit/covered/categories.html  You can split the money among more than one FDIC insured bank. Your deposits are insured up to the limit at each bank.Checking accounts provide quick easy access to your money . Savings accounts usually pay more interest but have a limit of six withdrawals per month by law. There are exceptions, and withdrawals and deposits can be for any amount.  Would like to earn more interest? Then Certificates of Deposit (CD) or a Money Market Account may be for you. CDs are offered provide a specific interest rate in exchange for you agreeing to leave a lump-sum deposit with them untouched for a set amount of time.  At the end of the term they return your deposit with the interest to you. CDs are a good option when you know when you may need a set amount of money.  You can count on the guaranteed interest. Match the amount of the deposit and time to withdrawal to your future need. Money Market Accounts are also offered by banks and credit unions, and generally pay higher interest rates than savings accounts. They often come with debit cards and check writing privileges similar to a checking account, but like savings accounts you are limited on the number of withdrawal you can make each month. If you think interests rates may rise, the money market account may earn more than a long term CD. If you think interest rates will fall, locking in a set interest rate with a CD may be better.On thing I really want to stress here is that a Money Market Account and a Money Market Fund are NOT the same. A money market fund is an investment sponsored by an investment fund company. There is no guarantee of principal, that means you can lose money you deposit with them. And they are not insured by the FDIC.For all these accounts, shop around. The interest rates offered by different banks and credit unions vary widely. Check out online banks. Because they don’t have costs like a brick and mortar bank, they often offer some of the highest interest rates. And some may offer incentives, or special features. If you have more to deposit than the $250,000 FDIC per person, per account limit, considering splitting up your deposit between more than one bank or credit union. And remember you’re not going to get rich on the interest these accounts earn and it will likely not even keep up with inflation, so they are not very good long term investments. The ARE safe places to stash your cash so that you can be sure that it is available when you need, no gut wrenching roller coaster ride.

December 24, 2020 Today we are going to talk cryptocurrency. We are going to talk Bitcoin which just had its tenth Birthday and has recently received an investment of 100 Million Dollars from MassMutual, a 160-year-old insurance company. In addition, a recent investment of 450+ Million by CEO, Michael Saylor of Microstrategy, Inc. converting their corporate treasury cash into Bitcoin has made 2020 an amazing year for crypto. And we are going to talk about HEX, just a year old that is thought to rival Bitcoin in its stability and security and potential for safe growth of your investments. Today we are joined by Matt, the creator of the Youtube Channel Crypto Coffee at https://www.youtube.com/c/CryptoCoffee369 He says he is a recovering Bitcoin Maximalist. Promoting mass adoption of cryptocurrency through HEX and he's Open-minded, believe it or not My lawyers tell me that no matter what I say, such as, I'm not a financial advisor and you should do your own research and never take advice from a guy you don't know talking on a podcast on the internet. That you are likely to think I know everything and I can do no wrong. Well, I just don't agree, I think you are smarter than what my lawyer thinks. Bitcoin Doctor ETH Address: 0x5a0Fcb45d2Ffa6C2e9ec1aC3289D56537792F956 Listen to the program live at 8 a.m. or at your leisure at https://www.blogtalkradio.com/thesouthbayshow. Join in at ... (714) 242-5288 ... between 8 and 9 a.m. Thursdays and Fridays between 8 and 9 a.m. =+=+=+=+ To Find Out More about our host Joe Terry visit https://www.ForeverMemoirs.com For a comprehensive selection of things to do and places to go in the South Bay of Los  Angeles visit http://www.SouthbayByJackie.com Hermosa Beach, Manhattan Beach, Redondo Beach, The South Bay Show, Los Angeles, California, Cryptocurrency, Crypto, Bitcoin, Ethereum, HEX

Welcome back to Grow Money Business Podcast with Grant Bledsoe. Today we have a solo episode and Grant is here to talk about cash flow. Cash flow related issues are very common among business owners and it’s something Grant hears about over and over again from clients, prospective clients and people in general. If you are a business owner, at some point in your business journey you probably have come across one of those moments when your business is going really well, generating revenue and reaching growth targets but you don’t have a clear idea of how much to pull out of your business and pay yourself. This is where you’ll need a better way to manage your cash flow and know how much you’re making. So, in today’s episode Grant shares a framework that he uses to help his clients think about this.   [01:53] Keep track of your revenues and expenses – Grant explains why you should make use of modern tools for bookkeeping. [02:38] Dedicated bank account for business transactions – It’s not mandatory but it’ll make your life a lot easier. [04:29] Taxation and business entity types – Grant describes how taxes come in to play for different business entities; Sole proprietorships, LLCs, S-Corps, C-Corps. [09:43] How much cash to keep in your business - Grant shares a few tricks about deciding how much cash you should keep in your business bank account. [16:15] Managing savings – How to balance savings for short term and long term goals and keeping a cash reserve for a rainy day. [21:15] Investment options – Grant talks about a few ways you can invest your profits including CDs, Mutual Funds, and how taxes come in to play when you invest. [32:30] Hierarchy of incoming cash – Grant shares his wisdom on how to prioritize what to do with your money when you’re having a good month.   Links & Resources Business Structures : irs.gov Certificate of Deposit (CD): bit.ly/36lwUBA Mutual Funds: bit.ly/2RCivgm QuickBooks Accounting Software: quickbooks.intuit.com FreshBooks: freshbooks.com

Anyone that has ever been in debt has seen how lenders can make money.  However, we often see the level of entry for a lender is far beyond our means.  Never fear, microloans are here.  This investment instrument allows us to step into the loan side of the equation with less than a hundred dollars. Fundamentals of Microloans This form of saving/investing involves contributing your funds to a pool of other investors.  The funds are then used to provide short-term loans.  Your money offers you a percentage of the overall loan and thus, a cut of the profits as well.  Your money is going to be tied up in the loan until it is paid off. Therefore, this is not a valid short-term investment option. A Better Long-term option There is more risk in microloans than there is with some of the other options mentioned in this episode.  You can compare against Certificates of Deposit (CD) and high interest, long-term savings accounts.  While the results vary, it is not uncommon for microloans to return five to ten percent interest on the investment amount.  Of course, there is a risk of losing all of your money.  A loan is a form of investment that does require some upfront research to help you craft a good strategy for your situation. Getting Started There are a lot of details to microloans that are not very exciting.  It is essential to know them.  However, I am not an expert and may not convey the right information for you.  That being said, check out some of the microloan sites for more details.  Even if you are not interested in this form of investing, it is worth your time to learn how they work. Prosper Lending Club

This is one of the reasons I pursue this game so hard. Check out the other options you have to this funnel game…   Today, I'm gonna teach you The Wealth Formula, and why I'm so jazzed about this Funnel Game.   I'm really pumped to share this with you.   I ran through The Wealth Formula at my exclusive OfferMind event, so you’re gonna get a sneak peek behind closed doors...   Right now, I'm doing the One Funnel Away Challenge which is specifically targeted at people who are people new to funnels.   The Wealth Formula is my answer when someone says, "Stephen, this is really cool, but it seems like a lotta work. There's gotta be another way?  How long does it take the average person to be successful with this?"   ...I hate that question, it drives me nuts. I’m like, “Well, how bad do you wanna make a million bucks?” What Yield Will You Learn To Earn?   One of the benefits hanging out with the amazing people at ClickFunnels was that I got some cool insights into the books and courses they rated. I got to see who the gurus learned from...   If a guy who runs a hundred million dollar company thinks something’s cool… then I should probably think that's cool too, right!   Ya know what I mean?   If I hear, “Hey, I really learned a lot from this...” I'm like, "What was the name of that again?"  I'm gonna look it up and buy it.   I bought so many books when I worked at ClickFunnels... because I was just like, “If Russell thinks that's amazing, I need to make sure I have that info for the future.”   I’d be sitting feet away from people like Tony Robbins or  Robert Kiyosaki, and if they said, "I read this great book recently... " I’d be like, Boom! BUY IT.   The Wealth Formula was one of the things I heard about, for the first time, while I was at ClickFunnels... and it was life-changing for me.   I already believed in funnels, but this was amazing.   Capitalist Pig, Baby!   At OfferMind I did a presentation called: “What Yield Will You Learn To Earn?”   I walked through how much money you can typically expect to get from different kinds of investment vehicles…   I know there are people out there making MORE money from some of the ways that I  talk about, but I'm talking about the 80 percent majority.   I don't wanna learn stuff where I have to learn exceptions to the rule in order to make cash. I'm interested in the rule.     … the cash causing models.   If I do  X, Y, and Z, will I get this amount of money? I'm looking for the 80 percent rule. The default that makes the cash most of the time.   Let me show you how the Wealth Formula plays out…   THE WEALTH FORMULA   QUESTION #1: Figure out how much money you're willing to put away into an investment account every month for the rest of your life? You don’t touch it, it’s just meant for investments. Write that amount down.     For this example, I'm gonna use $165...   Can you put $165 in an account every month?   If you're like "Hey, I can't do that right now." That's okay, you're solving the problem ahead of time... and that's cool. QUESTION #2: How long will you leave it there?   Okay, let's say 25 years.   For 25 years, you're not gonna touch that money. It's not meant for income. QUESTION #3: What yield will you get? What yield you’ll get depends on the investment vehicle you choose? … And that's one of the things I wanna talk about here. QUESTION #4: What’s the total amount of money you want?   Let's say, a million dollars… that’s a nice round number ;-) So now, I wanna run through a few examples with you… because if you knew how to earn a higher yield... what would that mean for you?  CLUE: *IT’S HUGE*     RETURN ON INVESTMENT…   WEALTH SCENARIO #1:   So let's say you take $165 every single month at a yield of zero percent (and just put it under your mattress) for 25 years.   How much money would you have?   After 25 years, you’d have $49,500.   I know you mathematicians are freaking out over the fact that it's zero percent, just get past that... you’d have $49,500...   Could you live off of that if you retired? Probably not, right?   You’d get creative real fast…   WEALTH SCENARIO #2:   Let's say you take $165, and you want to learn to earn 3 percent for 25 years.   Q: Where can you guarantee to learn to earn 3 percent?     A: Some savings accounts… I'm talking guaranteed, you understand? There are some savings accounts out there right now, not many anymore, but there are some that'll give you 3 percent if you just leave it alone.     Q: What would the total be after 25 years? After 25 years, the total would be $73,775 (I left out the cents).   Let’s keep going…   WEALTH SCENARIO #3:   $165 per month at 6 percent for 25 years…   Q: What's an investment vehicle that’ll guarantee you that return on your money for 25 years?   A: A Certificate of Deposit (CD) from a bank. You can totally get six percent from a CD. You loan the bank your money for 25 years, and you get back six percent back after that.     … 25 years at 6 percent equals $114,000. WEALTH SCENARIO #4:   Let's say you learn to earn seven percent…   Q: What investment vehicle would allow you to earn 7 percent over 25 years?     A: Last year the average mutual fund made seven percent from a 401k... ain't that crazy? Yeugh. That sucks! How much is inflation?   Do you think the value of money's gonna go up or down?  DOWN, right! It's on the way down… Not only can China buy us now, I think Canada could too. The dollar's going down baby. They're the one that made the American flag for three dollars and sent it over.   So…   If you put $165 per month in a 401K at 7 percent,  after 25 years you’d have…   ...$134,000.   WEALTH SCENARIO #5:   Okay, let's say you take $165, and you want learn to earn ten percent...   Q: What’s a guaranteed way to earn ten percent for 25 years?   A:  A Mutual Fund will do that. Again, NOT a lot of them offer that much anymore, but if you can find one, it’s pretty much a guaranteed return, right?     I'm looking for very sustainable, secure things that you can put your money into.   If put your $165 per month into a mutual fund offering 10 percent, after 25 years, that's gonna turn into $220,000.   Right next one…   WEALTH SCENARIO #6:   $165 per month at 16 percent for 25 years...   Q: What will get me a 16 percent return? Options start to get a little bit lower, right?   A:The empanada food franchise that we created at college came in at 16 percent.   At the end of that semester, we had to do a full financial P&L statement…   I was so embarrassed at my numbers. I stood up and said: "We only got 16 percent returns, but at least we learned a lot."   The professor said: You got 16 percent?" I was like, "Yeah, I'm sorry. I know... I tried really hard. It sucks! Fire me, please." He said: "That's amazing in the food business! That's not easy." He was the CMO of Denny's...   My knee jerk reaction was to yell out, "That Sucks! I'm never going into the food business, ever... “   ...It's not like that returns guaranteed, and it's not nearly as passive as some of those other models we’ve talked about! 16 percent over 25 years would yield….   ...$654,000. WEALTH SCENARIO #7:   Q: What investment vehicle will yield 20 percent returns on your monthly investment of $165 over 25 years?   Q: Tax Lien Properties are hyper guaranteed by the government.   You could take $165 every single month, package it up, and once a year go down to the courthouse steps and buy as many tax lien properties as possible, and the government says, "I guarantee you 18 percent ...  or even a 36 percent return."   Did you know you could do that? Interesting, right?     Over 25 years, that would turn into 1.4 million dollars.   Congratulations, I made you a millionaire! Is that cool? ...it's freaking pennies, let's keep going…   WEALTH SCENARIO #8:   $165 every single month for 25 years at a return of 25 percent.   Q: What vehicle would give you that kind of return?   A: Fix and Flips will definitely do that, right?     I've got great friends that do this. They'll try and flip hundreds of houses in a year. Obviously there are variants, but 25 percent is a totally realistic number. It's kinda low, but it’s a realistic...   Let's keep going...   WEALTH SCENARIO #9:   Let's say I put a dollar a month into something every month for 25 years, and I get a hundred percent return...   What would my return be after 25 years?   It's freaking huge = 375 million dollars!   Now I know you guys are gonna laugh at this... but it's to illustrate a point…   Q: What vehicle could give you that return on investment?   A: Sales Funnels!   I've never had such insane, consistent returns in anything like the funnel game... Let me show you how this works …   HOW TO RUN A SUCCESSFUL BUSINESS   There was a guy who came to Russell for a funnel. He taught you how to kill people. He was teaching self defense. Not like karate, “I'm gonna use this move, that move…” It was the dirty foul play, let's just make you live kinda stuff.   We hung out in Russell's garage on his wrestling mat for two days. I had to mimic poking Russell's eye out with my thumb, and all this crazy crap.   These guys were amazing at what they did. They taught us all about biology and the way the body really is: “Hit that organ. Then boom! It's done.”   I was like, “Holy crap, I love you, Russell. This is really heavy. Oh man.”   We weren't allowed to talk to each other. We were each others test dummies for two days. It was effective, but it was heavy.   We built this awesome funnel for him, and John starts driving traffic and we’re putting $1 in and he was getting a $1.30 back out.   But he was pissed. He was so mad at us.   I was like, "What is wrong with you?"   It would go up to $1.40, $1.50, then back down to $1.30… back and forth… He was asking us, "What's going on? This is crazy."   We were like, “What is wrong with you? We’d be throwing a party right now!”   They were putting a dollar in, and getting $1.50 back out, plus some customers and people on their list.   Just upsell something... and that's a million dollar scenario.   Even if you’re just breaking even, you're getting customers for free. That’s a million dollar scenario... even if you suck.   INVESTMENT MANAGEMENT   My whole goal is to put a dollar in and get two dollars back out… c'mon let’s keep em going.   When I launched ads for Secret MLM Hacks, I put $4,000 in ads. That week, $8,000 came back out.   Then I put that $8,000 back in, and $16,000 came back out. I was like, "This is sick, let's do it again."   The next week I grabbed that $16,000 and $32,000 came back out. I was like "Oh, my gosh! This is starting to get big. Phew!"   I didn't take profit (That’s very key, don't take profit for a while), then I took that $32,000, and put it back into ads, and that month, “Crap! Only $48,000 came back out.” Darn it!   $4,000 turned into $48,000… Does that sound good to you?   Find an investment vehicle that does anything like what funnels can do? *That's my point*   There’s no better investment opportunity, no better vehicle for making it rain in your life than learning this sales funnel game.   NO COUPONS!   When someone comes to me and says, "Oh, I could save you a couple of percentage points on your house." I don't freaking care!   I am focused on how to make money, not save it. I'm not a coupon cutter. ...And I want you to have that same mentality too!   My mom is amazing… she'd walk into a grocery stores and we'd get two grocery store, grocery carts full of food, and they'd give her $400 at the same time. It was like, “I dunno how you deal with coupons?” but she figured out a way to do it. It was nuts.   BUT…   If you take the same amount of effort and just figure out how to play a piece of this funnel game the return on investment can be huge.   It's not like school….   You don't need to get an A in funnel building to make a lot of money. You can get an F, and put a dollar in and still get a dollar fifty back out.   That’s a fifty percent return. You see what I'm saying with this? This is where Papa Larsen comes out a little bit…   Okay, check this out… When I first launched I put a dollar in, and got four back out for a while.   ...Then ad fatigue starts, and that's totally normal,  and now, “Oh crap, I'm  putting a dollar in and only getting two dollars back out. Oh dang it.”   That's awesome!   What's the move at that point?   You call your ads person and say, "TURN IT UP!" Borrow if you need to and dump that cash in! Does this make sense?   This is how I've done it.   Maybe you broke even, or lose money the first few times you do it. Sweet! Who cares?   I've never taken a loan. I've never put a dollar of my own into my ads...   This is what I do instead:   Build up the audience   Sell the audience   They guide me in the creation of the thing I sell to them   They give me the cash   I take that cash and I dump it immediately back into ads; Boom back in. Boom back in. Boom back in   … those numbers start to get real big real fast after the fifth or sixth time. How much did it cost me to build that audience? Nothing, because I'm publishing on a podcast. I've never put a dollar of my own into my business. Ever!   THAT is why you learn to be a funnel builder. Welcome to the greatest game ever!   The numbers are easy to work, and you can suck at it and still make a lot of money…   But too many people are like, “I can't launch yet it needs to be perfect.” Oh man!   If I put a dollar in, I get 50 percent return back out. That's super realistic returns right there... and that's how a lot of people do it.   All these people that make a million dollars in three or four months, and get the actual Two Comma Club Award, this is how they do it! They just know the numbers.   I'm NOT even thinking about the fact that I might have an upsell, I'm just thinking on that funnel...   You go and add another funnel, and “Bam!” Way more money.   Who was it that said, “A well-executed idea is worth ten lifetimes of hard work.”?  I think it was J. Abraham... on a beach!   Anyway, $1.00 in, $1.50 back out for 25 years...   If you just did that... and you sucked... No upsells or anything else…   That's five million dollars.   Does it install hope in the noggin?   You can afford to suck at it the game for a while, but most people aren't willing to do that... or to get help when they need it.   ...don’t let that be you!   You can be real bad at the game and still make it rain   Mmm…. Oh, that's good one. It's gonna be on a T-shirt soon ;-)   Boom! Until Next Time…   Hey, I know this game can take a few tries to get the money flowing, especially the first time, right? And that can suck.   I also know from experience how frustrating it can be to know your business is just a few tweaks away from your next big payday, but you don't know what tweaks to make. I've felt completely paralyzed by that in the past, and it sucks.   I've been blessed to work with thousands of new and successful businesses over the last three years, and two things have really shocked me.   #1: I began noticing the pattern to success is vastly the same, but everyone's spot on the path is obviously different.   #2: I've been shocked and overwhelmed by the number of people asking for my help, my systems, and funnels in their business.   Well, until now I've never had a system or product in my own business to help you build yours. Now, I'm finally able to be public about all this.   If you'd like my help to build your offer or sales message funnel and even your content machine, go to myofferlab.com.    The path to online and offline success is 80 percent the same regardless of the product, price point or industry, and it works if you're new, or are already a killer in business.   You can get more details on how to get my personal attention and frameworks in your own business by going to myofferlab.com   In-person classes are limited to 60 people each, and frankly, I can only do about two of these a year. Get more details, and even jump on the phone with us for free at myofferlab.com

Certificates of Deposit (CD) Make You Lose Money This is a quick bonus episode for all of you who have downloaded the Buy Black Podcast App!  It's not going to any of the directories so if you know someone who needs this info (and so many of us do), help them download the app on their phone as well. Points We Cover In This Episode What a Certificate of Deposit (CD) is Why Banks Offer Them Why it is a Bad Idea to Put Your Money Into a CD Supporting Concepts: APR: Annual Percentage Rate Compound Interest: Additional return on investment that you get when your principle investment PLUS previously accrued interest are multiplied by your APR Compounding Schedule: How often the interest on your investment or loan is compounded. Daily Monthly Quarterly Semiannually Annually (Most savings accounts compound daily, loans compound monthly, and CD typically compound annually) APY: Annual Percentage Yield APY is the actual rate of return that you receive on your investment based on your interest compounding schedule More simply, how much more money you're getting ABOVE the APR because of Compound Interest Inflation: The rate at which the cost of goods and services increases over time.  This fluctuates and is reported monthly The Numbers Current Best CD Rates 1-Year: 1.8% APR 3-Year: 2.0% APR 5-Year: 2.5% APR In the episode I use the examples of a 1-Year CD with 2.0% APR (not realistic...absolute best case investing scenario), and a 5-Year CD with 2.5% APR (typically only available with minimum $25,000 deposit). Current Inflation Rate Average inflation for 2017 was 2.13%.  I use that number throughout the episode. The Math We use a $1000 tax refund example, putting it into a 1-Year CD at 2.0% Investment: $1000 * 1.02 (100% principle + 2.0% interest) = $1020 Inflation: $1000 * 1.0213 = $1021.30 Net Value Loss of $1.30 ***The person I first discussed this with argued that I wasn't accounting for Compound Interest...so let's work through that*** What About Compound Interest? Compound Interest typically would not apply to a 1-Year CD because most CDs Compound Annually. This means the only time interest would compound on your CD is the day you close it out and retrieve your money from the bank at the end of the year So, in this case, you were promised 2%, and you get exactly 2% interest on your investment at the end...nothing compounded in between Let's assume you got a magical CD that compounds monthly...how would that affect your return? First, your 2% APR will be Chopped Into 12 Equal Bits...one for each month 0.02 / 12 = 0.0016666667 So, your interest would be compounded at a rate of 0.16666667% each month $1000 * 1.0016666667 = $1001.67 (End of January) $1001.67 * 1.0016666667 = $1003.34 (End of February) $1003.34 * 1.0016666667 = $1005.01 (End of March) (Here, you see the benefit of Compound Interest because rather than having a simple return of $1.67 each month based on your original $1000 principle, the return each month gets slightly larger because interest accrual is based on a higher amount that is in your account after each additional accrual.  Because of this, your APY gets higher the more often that your Loan or Investment Compounds) FAST FORWARD $1018.49 * 1.0016666667 = $1020.18 (End of December) Yes, you read that right.  In this scenario compound interest will earn you an EXTRA $0.18 over the year. So, as I said, compound interest doesn't really apply with CDs, especially when you're putting in small money. But Gerald, I'm Big Bank Hank Cool.  I looked at the outcomes for a person dropping $25,000 into a 5-year CD at 2.5% APR. In that scenario, I ignored the fact that the average Long Term Inflation Rate is 3.22%.  Instead, I assumed that inflation would not change AT ALL over the next 5-Years while your money is tied up.  Here's the outcome: $25000 CD, Compounded Annually, 5-Year Term Yields $28285.21 = + $3285.21 Inflation: $27778.36 buys what $25000 bought 5 years ago Net Gain = $506.85 for a 5 Year Commitment of your $25,000 Yes, you gave up access to $25,000 of your money for five years so that the bank could pay you the equivalent of $506.85. Wealthy people don't put money into CDs.  If you want to become wealthy, don't put your money into a CD. Monday, 12 Feb 2018, we will talk about another safe, and much more profitable way to invest your Tax Refund. Thanks for joining me in this Bonus, App Only Episode.  If you have questions about the numbers we ran or want to dig deeper into this subject, go to the contact tab in the app and Email or Call Me. If you haven't already, JOIN the Buy Black Podcast Community Facebook Group and let's continue and grow the conversation there! Talk to you soon!

Being successful is a choice. If you're just doing it for the money, it's not a big enough reason why. You've got to do it because you enjoy or like the real estate process. It's got to be a passion. On today's episode, I talk about raising private money and how a lot of people do it the wrong way. Who is going to give you the money at the right cost? When I talk about raising private money, the goal is, "How do you attract capital, people who have money? How do they give it to you? How much does it cost?" Topics on Today’s Episode: Cost of capital is a big deal; take care of your capital, make it money, make it grow, and you will get lots of people to give you lots of money Private Money Ponds Big Fish Pond: Where all the big fish are located; a big whale - someone who has lots of money, are aggressive, but never shows up Real Estate Investors Pond: Approach other real estate investors who are making lots of money; pay a Six-and-Six (6% payer and 6% backend pay) Consistency of the return makes the most sense; good financial advisors give you a range from 6% to 8% Pond or avatar that works well for me is the multifamily space, where there’s trillions of dollars; I crush the stock market because I offer a better return Most people have a 401K to store their retirement money; at a certain age, they can transfer some of their money to an IRA Most people spend their whole life saving for retirement; stock market may be ok to grow your wealth, but very bad at creating an income stream Invest in things that can get you paid: Certificate of Deposit (CD) makes less than 1%, yet lots of retired people have their money in them Bonds: You can have municipal or corporate bonds; bonds pay between 4% to 5% Blue-Chip Stocks: Every retired person has a fear of running out of money; you save money, but it's not earning enough income Every quarter, monthly profit from rent checks is distributed to our capital; investors get 6% annually, which is $1,500 a quarter As rents raise, the property becomes more profitable and affects the value; maximize operations, so when you sell, you create additional money for investors Links and Resources Mentioned: Why the Rich Get Richer book Raising Private Money Course Kahuna Wealth Builders Boardroom Collective Genius Mastermind   Quotes: “The truth is it's just a choice. Being successful is a choice.” Corey Peterson “I enjoy the sport of real estate, the sport of it. I want to get you there because it's a great, great lifestyle.” Corey Peterson “I think what I offer investors is sexy as hell. The reason I know this is because I'm consistent as hell.” Corey Peterson “When I compete against the stock market, which the majority of people that are investing are in the stock market, I can crush it. I really can.” Corey Peterson Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes. Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.