Podcast #128: We chat with Kent C Dodds about why he loves React and discuss what life was like in the dark days before Git. Listen now.
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a generic tag related to accumulating cash or bank deposit savings.

3
votes
different accounts and you can specify a certain amount or percentage for the second account. Your savings will go directly into a separate account as if you never had it in the first place. Consider … your savings untouchable as spending money. Watch it grow. There's no other secret, you just have to do it! …
answered Feb 6 '16 by Rocky
4
votes
You can get a better rate of return relatively risk-free by investing in a money market account. An even slightly better rate of return than money market can be had by investing in a short-term bond f …
answered Sep 19 '18 by Rocky
6
votes
Mango is legit, there are some other forums out there with some reviews and discussion about whether or not it's worth the effort of setting it up and following the rules to realize the maximum benefi …
answered Jan 20 '15 by Rocky
13
votes
If you know what bank your parents used, call them and ask. (Or you might have to go there and show id). Chances are if such an account exists, it would be at the same bank. You can also search for u …
answered Sep 4 '15 by Rocky
1
vote
They should open an account at one of the major discount brokerages, like Schwab or Fidelity. By default they money can be deposited there into a core account (money market). They will then have the o …
answered May 24 '17 by Rocky
6
votes
You have a good thing going. One of the luxuries of being invested in an index fund for the long term is that you don't have to sweat the inevitable short term dips in the market. Instead, look at th …
answered Sep 29 '15 by Rocky
30
votes
Money in a U.S. checking account is FDIC insured, so it's "safe" in the sense that you don't have to worry about a run on the bank or going out of business. Purchase fraud is something else entirely …
answered Dec 10 '15 by Rocky
3
votes
Keep a list of your accounts, banks, life insurance policies, location of your will, etc, and make sure two people you trust know where you keep that list. Review and update the list at least once a y …
answered Jul 29 '16 by Rocky
6
votes
Generally, it makes sense to pay off high-interest loans first. You are not in this situation. Your math looks correct. As long as you have income and can easily afford your lifestyle, savings, and …
answered Apr 26 '18 by Rocky
-1
votes
I disagree with most of the answers here so far because they are either too risky or too conservative and don't take taxes and retirement into consideration. OP, keep in mind the higher the potential …
answered Aug 15 '17 by Rocky
8
votes
Sounds like you are rocking it! Good job. Sounds like you've done your research. Popular options for your situation are index funds and target funds, precisely because they have low fees and you can i …
answered Jan 24 '16 by Rocky
7
votes
For a young person with good income, 50k sitting in a savings account earning nothing is really bad. You're losing money because of inflation, and losing on the growth potential of investing. Please …
answered Apr 3 '15 by Rocky
8
votes
and making sure you don't incur any accidental penalties or fees? Interest rates are super low, and floating £1000 or £2000, you're only going to generate £10-20 per year in a basic savings account. …
answered Dec 2 '14 by Rocky
18
votes
Consider staying in your "starter home". It's a luxury to live beneath your means, and makes all the other items on your wish list that much easier to achieve. A $200k home with just an $80k mortgage …
answered Dec 12 '14 by Rocky
32
votes
There’s a general “rule of 4%” for investing. It means that a given sum invested in a total market Index fund can usually generate 4% a year indefinitely. Using that rule, $300,000 would generate $100 …
answered Sep 28 by Rocky

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