7 TOP WAYS TO EARN INTEREST ON YOUR MONEY

  Рет қаралды 43,473

Toby Mathis Esq | Tax Planning & Asset Protection

Toby Mathis Esq | Tax Planning & Asset Protection

Күн бұрын

Would you like to learn more about this topic and talk to someone? Schedule a free consultation here: aba.link/5nv
Are you looking to grow your savings and make your money work harder for you? In this video, I'll review seven top strategies to earn interest on your money. Whether you're new to investing or an experienced saver, these methods will help you maximize your returns and build a more secure financial future.
Discover how high yield savings accounts offer better interest rates compared to traditional savings accounts, allowing you to earn more on your deposits with minimal risk.
Learn about the benefits of CDs, how they work, and how you can lock in higher interest rates by committing your money for a fixed period.
🔔 Don't forget to subscribe for more insights on real estate investing and business strategies!
Show Notes:
0:00 Earn Interest On Money
0:46 High Yield Savings
2:27 Certificate of Deposits (CDs)
3:40 Bonds
5:46 Peer-to-Peer Lending
6:52 Money Market
9:22 Notes and Loans
11:45 Syndications
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#money #moneyinterest #bonds #highyieldsavings

Пікірлер: 62
@TobyMathis
@TobyMathis 8 күн бұрын
Have questions about this video? Sign up for a free consultation to get your questions answered by the professionals. aba.link/5nv
@clarenemiller3739
@clarenemiller3739 8 күн бұрын
Hello, I've been binging on your videos for over an hour now - THIS ONE BEING THE FIRST ONE - that said; thank you so much for making it plain and simple for a novice like me - I understand how to make interest on money so much better now and for that reason I'm a new subby. Thank you again.
@TobyMathis
@TobyMathis 8 күн бұрын
Thank you so much for your kind words and for subscribing! I appreciate your support.
@MichealMadu-vp7ll
@MichealMadu-vp7ll 9 күн бұрын
I feel like dividends are a better option in increasing someone's money
@leoramirez3146
@leoramirez3146 9 күн бұрын
Do both whos stopping u more money
@jayc4715
@jayc4715 9 күн бұрын
Riskier
@EricPardo
@EricPardo 9 күн бұрын
Great overview
@max55well
@max55well 8 күн бұрын
wow! thank you Toby, I didn't know there were safe peer to peer lending opportunities out there. I will check your suggestions out. Great content ❤
@TobyMathis
@TobyMathis 8 күн бұрын
I'm glad you found the information helpful!
@mrbigcat9
@mrbigcat9 9 күн бұрын
Peer to peer you have to charge a market interest rate and report it to the IRS as income? Per IRS code?
@tritosac
@tritosac 8 күн бұрын
Hey this is a kind a weird angle but I was thinking how cities use bonds to pay for projects. Those bonds often entail raising tax rates on property owners. To offset your property tax obligation just invest in muni bonds to earn tax free interest which can be used to pay your property taxes.
@mastifflover504
@mastifflover504 8 күн бұрын
Interesting….
@XennialGuy
@XennialGuy 9 күн бұрын
One thing to make note of is if you are married, having your spouse joint on the account essentially doubles the FDIC insurance to $500k. Having a beneficiary also increases the FDIC insurance by another $250k. So you can theoretically be covered for $750k.
@mcf5226
@mcf5226 9 күн бұрын
Interesting!
@gracewalsh4908
@gracewalsh4908 9 күн бұрын
Hi Toby! 😊 👍🏻👍🏻👍🏻
@candeegarfield4624
@candeegarfield4624 9 күн бұрын
Thank you Toby!
@TobyMathis
@TobyMathis 8 күн бұрын
My pleasure!
@jordaneven9096
@jordaneven9096 9 күн бұрын
be a hard money lender.... woof.... I'll have to buy a tire iron
@avirexj
@avirexj 8 күн бұрын
Obbbb-scuuuu-riiii-tyyyyy
@ELconomics101
@ELconomics101 9 күн бұрын
Let's go coach!!
@rubicon3416
@rubicon3416 9 күн бұрын
Helpful video! Thoughts on Treasury Direct to purchase 3 and 6 month T-Bills currently earning 5.25 to 5.35% for cash you won't need tomorrow or next week?
@akag-bomb5235
@akag-bomb5235 9 күн бұрын
Yes!!! Tbills are awesome and for this California resident, not subject to state tax (only Federal). Surprised Toby didn't mention Tbills. Also, no management fees like bond mutual fund.
@crcampbell2210
@crcampbell2210 9 күн бұрын
This is exactly what I do
@scottkelley9418
@scottkelley9418 9 күн бұрын
I don't know about that anymore my faith and trust in our federal government is waning by the day
@crcampbell2210
@crcampbell2210 9 күн бұрын
@@scottkelley9418 then buy gold and silver. This is just what I do with my EM Fund. If you put it in a HYSA they just do the same thing and keep the difference. I only do the 4week TBills
@brucesmith9144
@brucesmith9144 9 күн бұрын
Ladder them so each month you get interest payments.
@RobWilliams007
@RobWilliams007 9 күн бұрын
Hey Toby!
@asphaltandtacos
@asphaltandtacos 9 күн бұрын
Perfect timing on this topic as I am looking at several methods of building wealth I will be sharing your video in one of Facebook groups as this topic will definitely be of interest to some members.
@MuvaLaNegra
@MuvaLaNegra 4 күн бұрын
I'm looking for a Facebook stock group. Please, what's the name of this group?
@benh9076
@benh9076 6 күн бұрын
I live in North Carolina and prosper won't let me invest in them
@JohnDoe-iv7yu
@JohnDoe-iv7yu 8 күн бұрын
WOULD LOVE TO SEE MORE DETAILS on these 7 starting with the more exotic, less known such as: 1. Syndications 2. Peer to Peer 3. Notes and Loans The others are already well covered on YT but based on the response of the above 3 you could do an entire 7 part series on these.
@TobyMathis
@TobyMathis 8 күн бұрын
Thank you for your suggestion, I'll definitely consider making a video about them.
@hennrock6184
@hennrock6184 3 күн бұрын
@@TobyMathis Agreed. Would be good to also know tax implications for the lesser known ones like peer to peer lending and syndications.
@RuthAnnHurst
@RuthAnnHurst 9 күн бұрын
On bank cds, am I protected if I have 3 different cd with different pods That total over the 250,000.
@leoramirez3146
@leoramirez3146 9 күн бұрын
U rich
@frankkeel8410
@frankkeel8410 6 күн бұрын
What about peer to peer? More detail please
@chestercleveland5479
@chestercleveland5479 9 күн бұрын
1
@gregoryunderwood4121
@gregoryunderwood4121 9 күн бұрын
You didn't mention Worthy bonds.
@tsleong1
@tsleong1 8 күн бұрын
You missed Tax Liens and foreign bonds, they pay good interest.
@mattchapelle5611
@mattchapelle5611 9 күн бұрын
High Yield Savings account interest rates can change at any time unfortunately.
@dc-wp8oc
@dc-wp8oc 6 күн бұрын
It is still disheartening to receive 5% on savings, knowing inflation is running considerably higher. Been watching Toby for months but never feel comfortable contacting his organization. Is his services only for those with 6 figure incomes and 7 figure assets or at what point can someone jump in?
@zenith50000
@zenith50000 8 күн бұрын
My bank is giving me 20.60% per annum on saving account.
@r.c.s.j9774
@r.c.s.j9774 8 күн бұрын
How come? What many?
@johnsmith1487
@johnsmith1487 6 күн бұрын
I think you mean 2.06.
@zenith50000
@zenith50000 6 күн бұрын
@@johnsmith1487 no. Its 20.60
@jacksmith8168
@jacksmith8168 7 күн бұрын
So when the banks collapse. You are screwed. Get your money out and hang on from the wacko times.
@mxtv1258
@mxtv1258 9 күн бұрын
Muni bonds are Federal tax free, they are also state tax free it you get a bond for the state you live in. Do your homework and llk it up.
@realbigfishplaystheraveagain
@realbigfishplaystheraveagain 9 күн бұрын
If your timeline is long term…just buy and hold BTC for a few years…it’s the best performing asset annualized…by far…then when needed, sell a little taxed at capital gains. Still will end up with more $ in your pocket than any of these options
@bjmarchives
@bjmarchives 9 күн бұрын
Didn’t he say these were low risk options?
@cometcal2
@cometcal2 9 күн бұрын
BTC ???
@scottkelley9418
@scottkelley9418 9 күн бұрын
I agree... I'm up 1600% in 5 years... It can fluctuate and I'm still ok
@4dscdriver
@4dscdriver 9 күн бұрын
​@@cometcal2 btc=bitcoin
@hennrock6184
@hennrock6184 3 күн бұрын
@@bjmarchives Actually, no, he didn’t say that for all of them. He specified which are higher risk or you need to know what you are doing.
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