On-Line Savings Accounts
On-line savings accounts are paying 4.50% or more on ordinary savings accounts!
Capital One – 5.00%
HSBC – 6.00% on new money until April 30th. NOTE: They only allow you to deposit $2,000,000.
ING Direct – 4.50%
Invest In Funds That Require Smaller Amounts to Open
American Funds – $250 to open; $25 automatic monthly deposits required (I love automatic!)
GE Funds – $500 to open; $100 automatic monthly deposits
Find more funds at Morningstar.com – Use their FUND SCREENER
Purchase Property That Produces Income
Rental homes; Rental equipment; Commercial Building Capital Leases;
Anything that pays out cash as residual income is great. Anything that increases in value over time is grand. Anything that pays out cash PLUS increases in value over time is great AND grand!