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Thread: One thing that has worked for me

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    Default One thing that has worked for me

    I have a hard time making myself save, so I set up an account with ING, an online bank, where they take a set amount of money out of my checking every week and put it into a savings account. I think this is a good first step to socking away money and since it takes a day to get at it (through a transfer to your checking), I can't just hit the ATM and bleed it dry for an "emergency" shopping trip - though it is there in case of a real emergency.

    This is the first auto-savings plan I've used where I've actually let the money stay in savings; thought it might help others trying to start a nest egg.

    http://www.ingdirect.com

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    Default Re: One thing that has worked for me

    This is an awesome suggestion. Also, once in the savings....set up an ira, and do invest wisely.

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    Default Re: One thing that has worked for me

    thats a really good idea putting your money slightly out of reach so you're not as tempted to use it. my girlfreind and i were going to put some of our money in some six-month or 1 year CD'S. that way we are really not going to touch it, buy if you absolutely need it, you can break the cd, but you'll lose your interest.

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    Default Re: One thing that has worked for me

    I do something similar by wiring money from my US bank account to my Swiss bank account once a month. There's actually higher interest, plus exchange rate profits on the Euro versus the US Dollar, plus the interest is exempt from US taxes and the exchange rate profits are tax free altogether, plus I can wire money back to the states in a day if I really need it for something.

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    Default Re: One thing that has worked for me

    what kind of interest rates are you getting using a swiss bank ?
    please tell me a little more about how you make money when you do the exchange back to u.s. money.

    can you share anymore of you investing tips with me ?

  6. #6
    Pamela
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    Default Re: One thing that has worked for me

    What you can do with off-shore banking is open an account Say...The virgin islands, US government can't touch your money, sometimes. Alot of this depends on how you open your account. Many different ways.
    PS if Government finds out you are doing this they will come after you, it kinda just shows you seem to be trying to hide money. Nothing is exempt from US taxes, sooner or later they will figure out this moving of money around. I have seen this type of "banking" go bad. It "is" actually scamming the government, Because the government is not getting the revenue they would normally get in a US bank account.

    As for me i have a trust in Sweden, because i was born there, family member died and i have money wired from family upon needing it. Legal. This is only what i have heard from my account in Sweden
    Pamela

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    Default Re:One thing that has worked for me

    http://www.tridentpress.com.au

    The author (Lance Spicer) has published some books on this aspect... whilst aimed at Australians there are non-Australians who have benefitted from his books... since they are in AUD.. they will be cheap to purchase for Americans.


    enter: E3167322D9 for your 10% discount

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