LIVING OFF DIVIDENDS & PASSIVE INCOME

ING just announced 4.75% interest on regular savings on all new deposits and accounts until April 15th. After that it drops to 3.75%, unless of course the fed raises the interest rates and then it’ll be higher.

While a 1% increase doesn’t sound like a lot, it does represent a 27% increment over the previous interest rate. The lower the interest rate, the large % increase it represents. And the lower interest you get on your money, the more you should look to make it work harder.

Of course there are a lot of ways to make more than a measley 4.75% on your money. 2nd trust deeds usually yield 10-15%. Developers and Builders often borrow money for their projects that yield 12-40%. Of course, higher the yield, higher risk.

• Is The Economy Recovering? Had dinner last night with an old family friend at a fancy restaurant. One of the topics that came up for discussion was the stock market and whether the recent rally was sustainable. While I didn't have any concrete information about the numbers, I felt that the rally in the......
• Selecting a Brokerage account The Wall Street Journal had a nice article on Opening Your First Investment Account.Don't just open your account with anyone offering you a free IPOD.Although free IPOD's are great, its not necessarily in your best interest.Figure out how much hand-holding you require.Do you need to go full-service[full commission] or discount......
• Trump Fires Carolyn! Todays news is Donald Trump fires his sidekick Carolyn Kepcher after more than 10 years!Atleast she last a lot longer than most contestants and she also got a book deal out of it!! Maybe she should read the "Joys of not working" ;-)Also, Warren Buffett married his long time "companion"......

• START SAVING AND LET THAT MONEY BUILD ITSELF So we all want to save more money right? What can we do to increase our savings? Many of us were told by our elders that if you want to save money the best place to put it is in a savings account at the bank (remember that old question......
• Refinance Mortgage Loans - If You're Serious About Saving Money Deciding whether or not it is time to refinance mortgage loans is always a bit of a gamble. Of course, the optimum time to refinance is when the interest rate is at its lowest. But, there is no way to know that for sure and it is always a......
• Zopa UK Review The following is a guest post from plonkee money. She writes about personal finance from a British point of view. The biggest peer to peer lending site in the UK is Zopa. In fact, I think it might be the only one. Here's how it works for Limeys. Paying Money......

[All content is copyright of Living Off Dividends & Passive Income]

Random Posts

• May 7, 2006 -- What type of blog reader are you?
• September 11, 2006 -- WSJ Says Spain Housing Overpriced!
• October 9, 2005 -- Why your mortgage broker is so rich?
• July 27, 2006 -- The Ideal Business
• April 3, 2007 -- Negotiating A Job Offer
• June 13, 2007 -- Personal Finance Haiku Contest
• May 26, 2006 -- My Blog Has Doubled In Value