.Interest Rates Are Rising: Here's Where to Keep Your Cash

By Philip Brewer

These past 10 years, interest rates have been so low it just about didn't matter what you did with your cash. There was a certain convenience to that — you didn't have to move money back and forth between checking and higher-rate accounts, because they paid almost the same.

As a bonus, you didn't have to track money market returns to be sure the rate your account paid was still competitive, because they all paid just a fraction over 0 percent.

That has changed. The Fed has already started raising interest rates, and will probably raise rates another three-quarters of a percentage point this year. 

.Stop! Don't Make These 6 Dumb Mistakes With Your Financial Windfall

By Kentin Waits  February 3, 2015

Maybe your lottery numbers finally came in. Maybe a favorite aunt remembered you in her will. Heck, maybe one day while you were shootin' at some food, up through the ground came bubblin' crude — oil that is! Texas tea! (See also: 50 Smart Things to Do With Your Tax Refund)

Whatever the source, you're the lucky beneficiary of a financial windfall. Revel in it and protect your new-found wealth by avoiding these six dumb moves.

1. Act Impulsively

Receiving money unexpectedly is exciting, and it can send even normally down-to-earth folks straight into the stratosphere. In those dizzying weeks and months following a financial windfall, we're really not ourselves, so making big decisions during that time is usually a terrible idea.

.What to Do With a Windfall

By Emily Guy Birken  January 13.2020

Theoretically, a sudden windfall should reduce your financial worries. Who doesn't appreciate getting suddenly richer?

However, making good decisions with a large infusion of cash can feel overwhelming, especially if your windfall comes about because of something negative. For instance, when I received a life insurance payout after my father passed away in 2013, the money was both emotionally charged and stress-inducing, and I was terrified of making a misstep.

If you've received a windfall, taking your time and making intentional decisions about the money will serve you better in the long run. Here's how you can do that.

.One Decision Separates the Wealthy From the Non-Wealthy

“Courage can be developed. But it cannot be nurtured in an environment that eliminates all risks, all difficulty, all dangers. It takes considerable courage to work in an environment in which one is compensated according to one’s performance. Most affluent people have courage. What evidence supports this statement? Most affluent people in America are either business owners or employees who are paid on an incentive basis.”   — Dr. Thomas Stanley

The problem with most people’s lives is that they are being shielded from the consequences of their behavior. There’s little to no accountability.

The fastest way to make success inevitable in your life is to only do work that is incentive-based. Only do that which you are rewarded and punished for the quality of your work. Everything you do needs to matter to the outcomes, consequences, and results you get in life.

So what is the decision?

.Want To Become A Multi-Millionaire? Do These 15 Things Immediately.

By Benjamin Hardy

“The greatest reward in becoming a millionaire is not the amount of money that you earn. It is the kind of person that you have to become to become a millionaire.”  — Jim Rohn

Most people wish their circumstances would magically change for them. They don’t have the desire to become better themselves so they can proactively improve their own circumstances.

Unlike most people, who simply wait and wish for luck, you can seek to become the kind of person equipped with the skills and abilities to do brilliant things.

You can become the kind of person who does highly influential work. Your work can solve pressing problems, improve people’s lives, and get noticed by important people who share your work not for your sake, but for theirs! Sharing your work makes them look good because of how great it is.

The quality of who you are as a person, and the work you do, is completely within your control. But you can’t wish for it to happen. You must become the kind of person who naturally attracts the success you seek.

Here’s how:

.Family Planning 

By Muhammad Ali

 Family Planning is one of those things that can either make you or break you.

Follow along with me and I will explain more about what I mean.

The following is a true story, only the names have been changed to protect the innocence...hehehee

 Hello Muhammad,

My husband and I have been holding Dinar for 3 years.  We have discussed many times and formed a list of recipients that we will gift once the blessed day arrives.  Believe it or not, our list totalled 29 people.

We didn't think for a second how this would affect our own personal balance, well that was until we got your CEP.  Once we started entering our Family gifting amounts we realized that if we had pursued with our original plan to help all of our friends and families it would have left us in the gray."

Alright, there were no names to change, but I've always wanted to use that statement in an article.  Luckily my Currency Exchange Planner was able to come to their aid and help them in their planning.

.Five Freedoms

Jonathan Clements  |  January 25, 2020

FOR THREE YEARS, I lived on Roosevelt Island, in the middle of New York City’s East River. It’s a wonderful place—a quiet, friendly, low-crime oasis in the middle of one of the world’s largest, most frenetic cities.

During my time there, the Franklin D. Roosevelt Four Freedoms Park opened on the island’s southern tip. The park is named after a 1941 FDR speech, where he articulated “four essential human freedoms”: freedom of speech, of worship, from fear and from want.

FDR’s speech was inspiring. Managing money is altogether more prosaic. Still, I’d argue that our pursuit of money is also about a hunger for freedom—with five dimensions:

.Investing Quotes That Will Make You Think About Money Differently

As you begin investing your money, sometimes you need some strong investing quotes to help continue to shape your mindset.

Sure, these quotes may mean nothing if you do not take action and practice what resonates with you.

But sometimes these quotes about investing money can spark the drive you need to make better financial decisions.

And besides that, these quotes can serve as healthy reminders as you become a top-notch investor yourself. Additionally, as a bonus, I added some investing stats at the end.       

.12 Financial Sins

John Lim    January 23, 2020

THE FINANCIAL markets are often quick to punish investment sins. By contrast, if we err with our borrowing, spending and other personal-finance issues, problems might not show up until years later—but the damage can be just as great. Here, to complement last week’s list of 12 deadly investment sins, are 12 deadly personal-finance sins:

1. Pride: Keeping up with the Jones by buying luxury cars and fancy clothes.

Antidote: Realize the folly of buying depreciating assets you don’t need, with money you don’t have, to impress people you don’t like.

2. Greed: Operating with a “never enough” money mentality. A reporter asked billionaire John D. Rockefeller, “How much money is enough?” His response: “Just a little bit more.”

Antidote: Generosity. Giving away money will loosen its emotional grip on you—and make you happier as well.

.Magnitude Matters

Rand Spero    January 16, 2020

WHY DON’T WE spend our time and energy on financial issues that have the greatest impact? We’ll drive to a more distant gas station to save 10 cents a gallon, but fail to do all the maintenance needed to extend the life of our car. What lies behind this sort of behavior?

The savings from getting the best price per gallon is concrete and immediate, while maintaining our car is long term and abstract. It’s simply easier to focus on the 10 cents.

I have a relative who stayed at a $500-a-night luxury hotel in downtown Boston. He emailed me to bring him water when I visited, because the hotel charges $5 per bottle.

.Why I Buy Everything on Credit Cards

The Almighty Credit Card

Credit cards are a supremely convenient and secure way to carry money and make purchases and payments.  With credit cards, you never have to worry about losing money – even by theft.   In addition, credit cards offer many attractive benefits. 

In addition to the reward programs such as cash back and frequent flier miles, most credit card purchases also come with extended warranties, insurance, and transaction history.  Plus, the ability to cancel a transaction gives you power over the vendor in a customer satisfaction dispute.  For all of these reasons and more, I make nearly all of my purchases and payments on my credit card.