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Bryan C. Fleming

Week 6: Interest Paid – Million-Dollar Savings Club

Filed under: Uncategorized, Million Dollar Savings Club — bryan_fleming @ 11:01 pm

bank.jpgGaining interest on your money is wonderful feeling.  Have you ever experienced it?  Imagine getting money for doing nothing.  It’s fun.

I don’t know about you, but I like getting money for doing nothing.

Let me explain:

At the beginning of the year a bunch of us set some savings goals.  You can learn about them here.  We’ve been playing along week by week watching our savings accounts grow.  Today I checked my ING Direct Savings account and found an extra $1.03 deposited in Interest.  ING Direct borrowed my money last month and paid me $1.03 for the privilege.  

piggybank.jpgBut what did I do?  I went about my day.  I didn’t worry about the stock market and I didn’t worry about the money.  I was a loaner and not a borrower.  I wonder who borrowed my $300.00 anyway? I wonder what they needed it for?

Certainly $1.03 is not a lot of money.  But one day it will be $100 and then $1,000 and then more.  Think about it. I will get more than $1.03 next month.  Do you know what will happen the month after that?  I’ll get even more money for doing absolutely nothing.

I can only imagine how excited the Gold Savers are.  They probably got paid over $2.00 in interest last month and we’re all just getting started.

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While you are at it, why not search for the perfect designer handbags to go with it?

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