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Is Your Good for Nothing Cash Doing Anything with Its Life?

February 24, 2023 By E.J. Smith

By urfin @ Shutterstock.com

Is your good-for-nothing cash doing anything with its life? Please don’t tell me it’s sitting around eating all your food and drinking all your wine. That’s no way to go through life. Maybe it’s time your cash goes on a liver cleanse. But, if that’s not in the cards, there’s an easier way to whip it into shape—no boot camp required.

(Read 4 Life Changing Words for Your Survival Guy: “You Should Try This” – Your Survival Guy).

Your Survival Guy knows what you’re dealing with. Your bank is getting fat by lending out your cash for a song and paying you peanuts. Banks are always slow to pay up. But don’t despair. Higher interest rates on your cash are there for the pickin’ if you’re a savvy investor.

If this was forwarded to you. Join the club. Sign Up here for my weekly email.

Yes, CDs are paying. But they’re not liquid like cash. I’m talking about keeping your cash liquid and earning a decent yield. I’m talking about getting that cash into a money market (I prefer Fidelity and Vanguard). Get that cash working. It’s been doing nothing for far too long. Beat inertia. Let’s go.

Action Line: When you need help, let me know.

Originally posted on Your Survival Guy. 

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E.J. Smith
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@youngresearch.com

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