Savings

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TreasuryDirect.gov

TreasuryDirect Now Pays 30x More Than Your Bank Savings Account

Now get a MUCH higher return on your cash (for less risk)
Friday, May 18, 2018, 9:21 PM

Interested in getting over 30x more interest income on your cash savings? » Read more

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Shutterstock

Red Screen At Morning, Investor Take Warning

It's time for safety. And it's beginning to pay better, too
Friday, February 9, 2018, 9:12 PM

Growing up as I did in coastal New England, this old rhyme was drilled into us as children:

Red sky at night, sailor's delight;

Red sky at morning, sailor take warning.

I'm reminded of this rhyme because the markets are giving us a clear "red sky" warning right now. One that comes after (too) many years of uninterrupted fair winds and smooth sailing.

 
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Shutterstock

The Great Retirement Con

Frankly put: retirement is now a myth for the majority
Friday, November 17, 2017, 8:25 PM

40 years ago, a grand experiment was embarked upon. One that promised US workers: using new 'defined contribution' retirement savings vehicles such as IRAs and 401k,, they'd be better off when they reached retirement age.

Which raises a simple but very important question: How have things worked out? » Read more

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larry1235/Shutterstock

Earn More On Your Cash Savings (With Less Risk)

Explaining the TreasuryDirect program
Friday, November 3, 2017, 9:35 PM

Interested in getting over 16x more interest income on your cash savings? » Read more

Insider

Lev Kropotov/Shutterstock

Smart Strategies For Building & Managing Your Cash Savings

Options for protecting purchasing power
Friday, September 15, 2017, 8:47 PM

Executive Summary

  • Is it better to hold cash in savings/checking accounts, or securities accounts?
  • Where will the dollar likely from here?
  • What will likely happen with retirement accounts?
  • Ways to diversify your cash risk

If you have not yet read Part 1: The Cardinal Sin Of Investing: Permanent Impairment Of Capital available free to all readers, please click here to read it first.

The Role Of Cash In The Informal Economy

In stagnating formal economies burdened by over-regulation, high taxes and financialization, one of the few bright spots for employment and entrepreneurism is the informal or cash economy.  The more stultified and elite-dominated the economy, the larger and more vibrant the informal economy.  In some highly regulated, high-tax European nations, up to 30% of the economic activity is underground/cash.

The elimination of central bank currency will not eliminate the informal economy. Rather, the participants in this sector will adopt non-central bank issued forms of cash—precious metals, coins, other nations’ paper money, perhaps even digital currencies such as bitcoin or its gold-linked cousins (Bitgold, etc.)

Those with little income often do not have bank accounts, as the fees are costly. Eliminating cash will hit the poor who earn money in the informal economy especially hard. Though the poor are essentially powerless in our influence-is-auctioned-to-the-highest-bidder system, this could change once the working poor who benefit from the cash economy are pushed even deeper into poverty by the banning of cash.

That might spark... » Read more

Blog

What To Do With Your Cash?

Is it folly to hold cash right now? Or brilliant?
Saturday, July 22, 2017, 12:19 AM

Have you moved a material percentage of your financial portfolio to cash? Have you become so concerned about the meteoric ramp upwards in asset prices that you find it wiser instead to move to the sidelines, build "dry powder", and wait to re-enter the markets at saner valuations?

If so, you have my sympathies.

The past 5+ years have been brutal for savers pursuing this strategy. I know this well, as I'm one of those folks, too. » Read more

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Jennbang | Dreamstime.com

Less Than Zero: How The Fed Killed Saving

It destroyed the incentive to do it
Friday, June 2, 2017, 6:27 PM

Savings accounts were created to provide an incentive for people to plan for the future. Put money away today, let it grow through the miracle of compounding interest, and have more tomorrow.

Prudent savings is essential to a healthy economy. It offers resilience during downturns, and provides seed capital for productive enterprise.

But we are no longer a nation of savers. The Federal Reserve has killed the incentive to be one. » Read more

Daily Prep

10 Easy Ways to Save on Energy at Home

Tips for the homestead
Monday, July 6, 2015, 2:19 PM

A number of great tips and ways to reduce your energy consumption and make your home more energy efficient.

http://www.motherearthnews.com/renewable-energy/save-money-on-energy.aspx

Deal of the Week

AspectSolar - Deal of the Week

AspectSolar - Special Savings

Reliable portable solar systems
Friday, June 5, 2015, 7:58 PM

5% Special Discount for PeakProsperity.com Readers

We are pleased to announce that PrepareDirect is offering PeakProsperity.com members an exclusive discount of 5% off Aspect Solar hardware and accessories. » Read more

Daily Prep

Source: sustainablog.com

23 Low-Tech Ways To Stay Warm

Save Energy This Winter
Tuesday, December 30, 2014, 6:03 PM

Awesome tips for reducing your energy use this winter and keeping your homestead warm and toasty.

http://www.the-open-mind.com/23-low-tech-ways-to-stay-warm-without-wasting-energy-this-winter/