Beyond Piggy banks
Hi. my name is Rene Tse. And I am the owner of Kashkats.com, over the next few weeks, I will be blogging 5 times a week on CD rates, where to shop for the best CD Rates and Certificates of Deposit as well as where you can get the most cash back on debit card purchases.
Give your kids a head start on the road to riches
Teaching your kids to save is the best inheritance they can get from you while you are still alive. I don’t want to get morbid or depressing but there are 2 things in life we are sure of. Taxes and death. So why wait til you die to give all your assets to your kids. If you are a young mother reading this blog, right now is the best time to run out and get your child a piggy bank.
The piggy bank will turn into an high yield interest savings money market or CD account
I will be posting a picture of myself soon in the about me section. I am part Japanese. What does being japanese have to do with Shopping for the Best CD Rates and Certificates of Deposit especially even the Japanese are suffering?
Answer?
In many countries like Japan, Hong Kong, Singapore and peru, there is no such thing as Student loans. With the Stock market so Volatile right now, parents, grand parents are opening up CDs or Certificates of Deposit for their kids and grand kids. As we saw the meltdown that occured starting 2007 where 50% of pensioners lost their 50% of their value in their stock portfolio.
Build a CD ladder. Inflation and higher interest rates usually go hand in hand. One good way to take advantage of higher rates on savings is to set up a certificate of deposit ladder, buying several CDs that mature at six-month intervals. The longer-term CDs will pay more today, while the shorter-term CDs will give you the ability to reinvest your money at higher rates of return when interest rates start to rise.
source: Kiplinger read more here
The excerpt above is from Kiplinger’s
For Many The Stock Market & Real Estate Has Given Poor Returns…
Well, it depends who you ask? If you ask a realtor I met earlier this year. He asked me to keep his privacy, lets call him Sam. Sam is not his real name. Sam sold me a set of Queen size beds earlier this summer. He used to be a high powered realtor in California and since most of his assets sat in real estate, he took some losses and is having to work at a local retail store. He said to me
The last Depression Created The Most Millionaires.….
Yes many people are unemployed and don’t even have health insurance but the bottom line is the pearls of wisdom spoken to me from Sam is.
Rene, Put Your Money in Cash or Buy a CD + and be Frugal
As most people have their stocks in either a IRA or their 401K and they lived in their home.
What is the best thing you can do today to secure the best retirement or for your kids?
1. Scroll up to the top of the page and click the orange link to check the best CD rates.
2. Seriously consider a 2% cash back debit card called Perkstreet. Get from $600 to as much as $1,200 this year if you use your Perkstreet financial mastercard to buy every day items.
3. Compare and consider signing up for the best CD rates online here.
