Increase your savings through smart money management, automated savings and investments, and solid retirement planning.
Deep down inside, I know a lot of people probably think saving the big bad company money is a bad thing. Why would I want to save the cable company money? Don’t they gouge me every month when I get my bill? I take a different look at it. Sometimes saving companies money can save you money, or make you money. My favorite example of this is paperless billing.
Any long-time reader of Personal Profitability knows that I’m an investor in peer-to-peer lending at Lending Club. I write an occasional update on my portfolio, and compiled them all into a running history here. If you are interested in how I invest in Lending Club, check out my Ultimate Guide to Making Money with Lending
I woke up this morning to a message about one of my banks. I have CDs at New Frontier Bank, a bank located about an hour and a half north of Denver. The bank has gone into FDIC receivership and is now controlled by Bank of the West. The FDIC is paying out insured deposits
When I worked in banking, we had many great customers. Part of our strategy was to grow our customer relationship to cover all of the customer’s banking needs. These primarily included checking and savings accounts, credit cards, and loans. When a customer paid their loans and credit cards on time and managed their finances responsibly,
When I worked at the bank, I noticed something interesting. All of the officers had cars worth less than the regular employees. I knew that officers made more than non-officers. I always wondered why people who make less have cars worth more. I figured it out one day. All of the officers had nice, reliable
Many people are getting worried and are acting irrationally because of the current economic downturn. I have some advice for people. STOP FREAKING OUT! People freaking out is what causes economic downturns. Everyone hears things are bad so they stop spending. That causes a long chain of economic events that turn into a recession. Anyway,
