In addition to the high yield interest checking account, cashflow cultivators can utilize a complementing high yield interest savings account to generate income from your savings in a passive and safe way in 2019 and into the future.
Most people in 2019 use checking accounts as the hub to operate their family’s personal finances. Personal checking accounts are essential, therefore you might as well earn interest on the money in your main checking account rather than not by using a high yield interest checking account in 2019 for your day to day personal and family banking needs.
One of the philosophies Cashflow Cultivators explore is streamlining our life by getting rid of things we are not using at the moment. The accumulation and hoarding of useless and/or not used items, otherwise called junk, is a slow wealth sapper. Instead of keeping these unused relics of the past, purge them to squeeze the liquidity out and invest the money in diversified investments.
Roth IRA accounts are versatile tax-advantaged retirement account financial products that are funded out of pocket by you with your post-tax income.
Due to the fact that you fund Roth IRA retirement accounts with money you have already paid tax on, the future capital gains from your investments grow tax-free if you withdraw from the account after age 59 1/2.