275: How to Maximize Your Savings Rate

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Investing, Business

4.8 • 518 Ratings

🗓️ 8 June 2023

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

U.S. savings account interest rates are at decades long highs, so Sam and Johnny hop in on this 101 episode to help you find ways to maximize your savings rate of return. The guys go over High Yield Savings Accounts (HYSAs), treasury bonds, annuities, money market accounts & more creative ways to get those extra percentage points. They'll also discuss how much savings you should be holding in case of emergencies. They'll also go beyond the United States to help out with some options for our overseas listeners as well. Share this episode with your friends, you'd be surprised how many people do not having any or very little savings!

Discussed:

Where we are:

Johnny FD – Kyiv, Ukraine / IG @johnnyfdj
Sam Marks – South Carolina/ IG @imsammarks
Derek – Los Angeles / IG @DerekRadio

Sponsor:

Nom Nom
At Nom Nom, we make food that looks like food. Tailored to your pet’s exact needs and backed by years of scientific research. Get 50% off your first 2 week trial when you visit trynom.com/ilab

Like these investments? Try them with these special ILAB links:

Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)
*Johnny and Sam use all of the above services personally.
Invest Like a Boss Patreon
Help support the continuation of Invest Like a Boss by becoming a Patreon! Plans start as low as $5/month and give you instant access to years of exclusive content, including portfolio access, trade alerts, bonus episodes & more. Join now at Patreon.com/InvestLikeaBoss.

Time Stamp:

10:22 - Savings Best Practices
18:54 - Where to Put Your Savings
27:46 - US Treasury Bonds
32:45 - HYSA vs. Bonds
38:07 - Annuities

If you enjoyed this episode, do us a favor and share it! If you haven't already, please take a minute to leave us a 5-star review on Apple Podcasts and Spotify.

Transcript

Click on a timestamp to play from that location

0:00.0	Hey bosses, before we kick off this episode, let me tell you about our sponsor, Nom Nom,
0:03.6	Nam. Your pet's a member of the family, so don't feed them like they're in the dog house.
0:08.6	Give them Nom Nom Nom.
0:10.3	Nom delivers fresh dog food with every portion, personalized to your dog's needs, so you can bring out their best.
0:17.2	Nom Nom is made with real whole food you can see and recognize without any additives or
0:22.5	fillers that contribute to bloating and low energy. That's because Nom Nom Nom uses the latest science
0:27.4	and insights to make real good food for dogs. Their nutrient-packed recipes are crafted by
0:33.0	board certified veterinarian nutritionists made fresh and ship free to your door.
0:38.6	In fact, Nom NOM's already delivered over 40 million meals to good dogs like yours,
0:43.6	inspiring millions of clean bowls and tailwags.
0:47.3	And Nom NOMS sent me a sample pack.
0:49.8	I'm going to tell you all about it coming up during the break in the show.
0:52.5	Seriously, this stuff looks so good.
0:53.9	I almost ate it myself. If you want to check out Nom Nom for yourself, you should go right now to get 50% off a no-risk two-week trial when you go to trynom.com slash iLab. That's try-t-R-Y Y N-O-M dot com slash I-L-A-B. It's trynum.com slash iLab. All right, let's kick off this episode of Invest like a Boss. Welcome to the Invest Like a Boss podcast.
1:28.7	I'm Sam Marks.
1:29.6	I'm Derek Sparts.
1:30.6	And I'm Johnny FD.
1:31.7	We're self-made entrepreneurs who invest our own money and use modern technology to invest
1:35.3	like a boss.
1:36.1	Join us each week for exclusive interviews with our network of modern investors, business
1:39.8	owners and multimillionaires to discover new ways to invest our hard-earned cash.
1:46.2	Hey bosses and welcome to another special episode.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Sam Marks Johnny FD Derek Spartz, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Sam Marks Johnny FD Derek Spartz and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.