7 TOP WAYS TO EARN INTEREST ON YOUR MONEY
ฝัง
- เผยแพร่เมื่อ 16 ก.ค. 2024
- Would you like to learn more about this topic and talk to someone? Schedule a free consultation here: aba.link/5nv
Are you looking to grow your savings and make your money work harder for you? In this video, I'll review seven top strategies to earn interest on your money. Whether you're new to investing or an experienced saver, these methods will help you maximize your returns and build a more secure financial future.
Discover how high yield savings accounts offer better interest rates compared to traditional savings accounts, allowing you to earn more on your deposits with minimal risk.
Learn about the benefits of CDs, how they work, and how you can lock in higher interest rates by committing your money for a fixed period.
🔔 Don't forget to subscribe for more insights on real estate investing and business strategies!
Show Notes:
0:00 Earn Interest On Money
0:46 High Yield Savings
2:27 Certificate of Deposits (CDs)
3:40 Bonds
5:46 Peer-to-Peer Lending
6:52 Money Market
9:22 Notes and Loans
11:45 Syndications
---------------------------------------------------------------------------------------------------------
SUBSCRIBE
aba.link/subscribe
~~~~
FREE TAX & ASSET PROTECTION WORKSHOP
Register for an upcoming workshop today if you want to protect your business and personal assets from snoopy lawyers and creditors. Save Your Seat: aba.link/6nt
TAX TUESDAY LIVE
Join us every other Tax Tuesday, where you can have your tax questions answered live by our experts entirely FREE. Register Now 👉 aba.link/ms1
Infinity Investing
Join our Infinity Investing Basic Membership for FREE and start your financial education journey. 👉 inf.link/2dv
OTHER ANDERSON ADVISOR EVENTS
Learn a rich selection of subjects like tax and asset protection, business, investing, and more. Our attorneys and other skilled experts will help you learn what you need to know in order to better your chances of success in your professional life.
aba.link/tobyevents
~~~~
FINANCIAL PLANNING & TAX RESOURCES
📚 Order Your Copy of "Infinity Investing: How The Rich Get Richer And How You Can Do The Same" Here: 👉👉 👉 aba.link/IIWbook
Order Your Copy of ”Tax-Wise Business Ownership" and find greater success by taking advantage of tax laws for your business. Here 👉 aba.link/tobyshop
Visit Anderson Advisor's website for content, like articles, podcasts, and more that we publish alongside my channel. 👉 aba.link/tobyaba
~~~~
FOLLOW US:
Instagram: aba.link/instagram
Facebook: aba.link/facebook
Twitter: aba.link/twitter
LinkedIn: aba.link/linkedin
TikTok: / tobymathisesq
~~~~
CONTACT US
Phone: 800.706.4741
Email: info@andersonadvisors.com
Fax: 702.664.0545
ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
---------------------------------------------------------------------------------------------------------
WARNING: I will NEVER ask you to contact me through TH-cam comments, telegram, or WhatsApp. I have a checkmark next to my name, and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture.
The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#money #moneyinterest #bonds #highyieldsavings
Have questions about this video? Sign up for a free consultation to get your questions answered by the professionals. aba.link/5nv
Hello, I've been binging on your videos for over an hour now - THIS ONE BEING THE FIRST ONE - that said; thank you so much for making it plain and simple for a novice like me - I understand how to make interest on money so much better now and for that reason I'm a new subby. Thank you again.
Thank you so much for your kind words and for subscribing! I appreciate your support.
I feel like dividends are a better option in increasing someone's money
Do both whos stopping u more money
Riskier
Great overview
wow! thank you Toby, I didn't know there were safe peer to peer lending opportunities out there. I will check your suggestions out. Great content ❤
I'm glad you found the information helpful!
Peer to peer you have to charge a market interest rate and report it to the IRS as income? Per IRS code?
Hey this is a kind a weird angle but I was thinking how cities use bonds to pay for projects. Those bonds often entail raising tax rates on property owners. To offset your property tax obligation just invest in muni bonds to earn tax free interest which can be used to pay your property taxes.
Interesting….
One thing to make note of is if you are married, having your spouse joint on the account essentially doubles the FDIC insurance to $500k. Having a beneficiary also increases the FDIC insurance by another $250k. So you can theoretically be covered for $750k.
Interesting!
Hi Toby! 😊 👍🏻👍🏻👍🏻
Thank you Toby!
My pleasure!
be a hard money lender.... woof.... I'll have to buy a tire iron
Obbbb-scuuuu-riiii-tyyyyy
Let's go coach!!
Helpful video! Thoughts on Treasury Direct to purchase 3 and 6 month T-Bills currently earning 5.25 to 5.35% for cash you won't need tomorrow or next week?
Yes!!! Tbills are awesome and for this California resident, not subject to state tax (only Federal).
Surprised Toby didn't mention
Tbills. Also, no management fees like bond mutual fund.
This is exactly what I do
I don't know about that anymore my faith and trust in our federal government is waning by the day
@@scottkelley9418 then buy gold and silver. This is just what I do with my EM Fund. If you put it in a HYSA they just do the same thing and keep the difference. I only do the 4week TBills
Ladder them so each month you get interest payments.
Hey Toby!
Perfect timing on this topic as I am looking at several methods of building wealth
I will be sharing your video in one of Facebook groups as this topic will definitely be of interest to some members.
I'm looking for a Facebook stock group. Please, what's the name of this group?
I live in North Carolina and prosper won't let me invest in them
WOULD LOVE TO SEE MORE DETAILS on these 7 starting with the more exotic, less known such as:
1. Syndications
2. Peer to Peer
3. Notes and Loans
The others are already well covered on YT but based on the response of the above 3 you could do an entire 7 part series on these.
Thank you for your suggestion, I'll definitely consider making a video about them.
@@TobyMathis Agreed. Would be good to also know tax implications for the lesser known ones like peer to peer lending and syndications.
On bank cds, am I protected if I have 3 different cd with different pods
That total over the 250,000.
U rich
What about peer to peer? More detail please
1
You didn't mention Worthy bonds.
You missed Tax Liens and foreign bonds, they pay good interest.
High Yield Savings account interest rates can change at any time unfortunately.
It is still disheartening to receive 5% on savings, knowing inflation is running considerably higher.
Been watching Toby for months but never feel comfortable contacting his organization.
Is his services only for those with 6 figure incomes and 7 figure assets or at what point can someone jump in?
My bank is giving me 20.60% per annum on saving account.
How come? What many?
I think you mean 2.06.
@@johnsmith1487 no. Its 20.60
So when the banks collapse. You are screwed. Get your money out and hang on from the wacko times.
Muni bonds are Federal tax free, they are also state tax free it you get a bond for the state you live in. Do your homework and llk it up.
If your timeline is long term…just buy and hold BTC for a few years…it’s the best performing asset annualized…by far…then when needed, sell a little taxed at capital gains. Still will end up with more $ in your pocket than any of these options
Didn’t he say these were low risk options?
BTC ???
I agree... I'm up 1600% in 5 years... It can fluctuate and I'm still ok
@@cometcal2 btc=bitcoin
@@bjmarchives Actually, no, he didn’t say that for all of them. He specified which are higher risk or you need to know what you are doing.