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Are You Accepting One-Third of What You Could Be Getting?

If you had the opportunity to earn over three times as much as you are right now, would you do it?

Of course you would! Who wouldn’t want to earn as much as they could, provided it required no hidden costs or extra work.

It may seem like a simple question, but most Americans are constantly passing up the opportunity to earn 3% or more on the money in their bank account, even though it costs nothing and takes five minutes to setup.

It seems like everyone you meet still has their money in a normal checking or savings account, that pays less than 1% interest per year. It boggles the mind to think that so many people would pass up the opportunity to earn upwards of 3% per year APY, especially when it’s so easy to open an account.

Higher-interest savings accounts, like the Orange Savings Account from ING Direct, take 5 minutes to open, charge no fees, and require no minimum balance. You can transfer the money electronically as much as you’d like between your normal checking account, and your online savings account. There is no better way to earn a nice return on your money with no risk at all.

While most banks are keeping their interest rates low and steady, online banks are constantly raising their rates, in an effort to compete for customers. These banks charge you nothing, and pay you _dollars_ every month, instead of cents.

Earning over 3% interest is as easy as opening an account, and linking it to your current checking account. You can transfer money back and forth easily, and without any fees.

It’s easy to make excuses, but no one has a good reason why they should continue to earn peanuts on their savings, when they could be earning cold hard cash.

Don’t put this off. The sooner you open this account, the sooner you’ll be earning some real interest on your hard-earned money.

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Will We All Be Millionaires Someday?

The word “millionaire” has always held a high level of prestige. Anyone who has achieved this rank is clearly a wealthy person, with far more assets than your Average Joe. When we think of millionaires, we often think of palatial estates with olympic-sized swimming pools and tennis courts. Or perhaps wealthy heiresses wearing huge diamonds discussing social graces with other debutantes.

The fact is, a few decades from now, millionaires will surround us. Even today, owning $1 million in assets is not an unattainable task for many. Though being a millionaire may seem like a lofty goal, anyone with a good salary and a desire to save or invest should be able to do it.

The most valuable asset that most people own is their home. In the Baltimore-Washington area, where I live, a single-family home in a modest neighborhood can cost $800,000 ore more in some areas, and they don’t stay on the market for more than a few days. The families living in these houses aren’t “rich”. These neighborhoods aren’t for CEOs. They’re for mid-level managers, government workers, and educators.

If an average home is worth 80% of a million, how much more does it take for someone to accrue a full million? Twenty years from now, what will these same houses be worth? Even if the real estate bubble bursts, surely the prices will have increased over twenty years. Add to this the effects of inflation, and a few wise investments, and we’ve got ourselves a culture of millionaires.

What will it be like? Will you be one of the millions of millionaires? I certainly expect to be one. Start saving and spending wisely today, and there’s no reason why all of us can’t attain the rank that for so long was reserved only for the wealthiest of people.

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Saving Big At the Pump This Summer – How To Get Cheaper Gasoline No Matter Where You Are!

Gasoline prices are at an all-time high, and show no signs of decreasing anytime soon. Even so, there are ways that you can save 10-20 cents per gallon without much trouble on your part.

You can start off by saving an automatic 5% on every gas purchase. The Discover Gas Card gives you a 5% rebate on every gas purchase, as well as 1% cash back on every other purchase you make. My wife and I routinely save $10-$15/month just on gas. It really makes a huge difference.

The only other way to save on gas is to reduce the amount of gas you use. You may be surprised that this can be accomplished without driving less. Here are a few ways to conserve your precious gasoline:

– Get Your Oil Changed Regularly. Having fresh oil gives your car better gas milage, and can extend the life of your car too.

– Open The Windows. The Air Conditioning uses a lot of gas. Keep it as low as possible, or turn it off, if it’s not too hot.

– Avoid Quick Stops and Starts. You use the most gas when you accelerate from a stop. If you see a traffic slowdown or a stoplight ahead, ease off the gas, and coast to a stop. More times than not, you’ll be able to start moving again without stopping. Don’t underestimate this tip. It can save a lot of gas.

– Keep Your Tires Inflated and Aligned. Full, properly aligned tires increase your gas milage, and help you save on gasoline costs. Make regular visits to the repair shop to ensure your car is in top shape. It’ll save you plenty in the long run.

Use these tips, and you’ll be saving as much as 20 cents/gallon on gasoline.