LIVING OFF DIVIDENDS & PASSIVE INCOME

I finally got my account open at Interactive Brokers. It was a lot easier than at Everbank and I didn’t have to provide them with blood samples or fingerprints!! [yeah thanks George W, this is what I get for being pro-Republican!]

My base currency is Aussie Dollars and I get paid a whopping 5.4% interest. And unlike Everbank, the money is liquid and isn’t tied up for 3 months.[plus I get a tad higher interest].

On top of that, the USD has been showing a little strength this week so I might get more bang for my buck in terms of appreciation too.

The only drawbacks are that you have to have atleast $15,000 AUD to get paid interest[thats about $11,250 USD] and the customer service isn’t as easy as picking up the phone, but they respond well to email. Also withdrawals cost $4 via check and $1 via ACH. [But its still liquid for a buck.]

• Mortgage Meltdown: The Worst Is Yet To Come! Check out this 12 minute video from 60 Minutes. There's another wave of mortgage defaults on the way, this time from Alt-A & Option-Arm (also called Negative-Amortization or Neg-Am) loans. As opposed to the subprime loans which were worth almost $1 Trillion, these two groups make up nearly $1.5 Trillion. ......
• Investing In Tax Liens What Every Investor Needs To Know About Tax Liens! Today's guest post comes via Blunt Money, an Arizona-based wife and mother, who's had experience with being divorced, unemployment, under-employed, employed and self-employed! What are Tax Liens? Tax liens are liens placed against real estate to secure the debt from unpaid......
• Interesting View on American Manufacturing Interesting point of view, so I thought I'd share.“How is it that GM trucks (made in Canada) and Ford trucks (made in Mexico) can be equated with ‘American manufacturing’ while (presumably) Toyota and Nissan trucks (both made in USA) are ‘imports’? The only imported trucks of major brands are Fords,......

• Future Value of Regular Contributions If you regularly add money to a 401(k), IRA, or bank account with the goal of withdrawing that money in the future, you need to able to calculate how much your money will be worth at the time of withdraw.  If you made a single, one time contribution, it's easy......
• How to Shop For Savings Accounts Savings accounts can be used for both short term and long term savings goals, although you may need to have more than one account in order to benefit most from interest rates and account features. Before shopping for a savings account, it's important that you consider how often you'll......
• Use A Pedometer To Lose Weight There are countless types of exercise equipment on the market, and most of this equipment is very expensive. Pedometers are one of the exceptions. For less than twenty-five dollars you can purchase a pedometer and it will help you lose weight without going broke. What is a Pedometer? A pedometer......

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