When I first became an investment advisor back in 1981, interest rates were a lot different than today. For example, you could earn nearly 20% on a safe, secure money market fund. You could earn 12% totally tax-free on a AAA rated municipal bond. Completely risk-free, three-month Treasury Bills were paying north of 15%!

Doesn't that seem impossible? It's true, though.

Back then, nobody was wondering how they could earn more interest on their savings, because nobody needed to. Fast-forward to today and that's all investors talk about. And no wonder: If you're attempting to live off the interest on your savings, best you have a ton of savings.

If you've got a million bucks in the bank that's only earning .1%, you're only making a thousand bucks a year in interest: Good luck living on that. On the other hand, if you could earn 10% on that million bucks, you're earning $100,000. That's more like it, right?

Unfortunately, there's no free lunch. Only a liar or a fool would try to convince you that you could earn 1,000 times more interest with no additional risk. But, just maybe, you can earn 1,000 times more interest without taking 1,000 times more risk.

That's what this week's "Money!" podcast is about. Today we're going to discuss a bunch of ways to earn 10% or more on your savings, while also examiniting the risks involved.

Want more information? Check out these resources:
How to Earn More Money on Your Savings
Barron's: It's Been a Hard Time for Income Investors. Where to Find Yields of 7% or More Now
Kiplinger: 35 Ways to Earn Up to 10% on Your Money
Money Talks News' savings account search tool
Subscribe to the Money Talks News newsletter
Take our course The Only Retirement Guide You'll Ever Need
Take our course Money Made Simple
Miranda Marquit's website

When I first became an investment advisor back in 1981, interest rates were a lot different than today. For example, you could earn nearly 20% on a safe, secure money market fund. You could earn 12% totally tax-free on a AAA rated municipal bond. Completely risk-free, three-month Treasury Bills were paying north of 15%!
Doesn't that seem impossible? <a href="https://timesmachine.nytimes.com/timesmachine/1981/08/08/224943.html?pageNumber=33">It's true, though</a>.
Back then, nobody was wondering how they could earn more interest on their savings, because nobody needed to. Fast-forward to today and that's all investors talk about. And no wonder: If you're attempting to live off the interest on your savings, best you have a ton of savings.
If you've got a million bucks in the bank that's only earning .1%, you're only making a thousand bucks a year in interest: Good luck living on that. On the other hand, if you could earn 10% on that million bucks, you're earning $100,000. That's more like it, right?
Unfortunately, there's no free lunch. Only a liar or a fool would try to convince you that you could earn 1,000 times more interest with no additional risk. But, just maybe, you can earn 1,000 times more interest without taking 1,000 times more risk.
That's what this week's <a href="https://www.moneytalksnews.com/podcasts/">"Money!" podcast</a> is about. Today we're going to discuss a bunch of ways to earn 10% or more on your savings, while also examiniting the risks involved.
Want more information? Check out these resources:
<ul>
<li><a href="https://www.moneytalksnews.com/little-known-ways-to-earn-far-more-interest-on-your-money/">How to Earn More Money on Your Savings</a></li>
<li>Barron's: <a href="https://www.marketwatch.com/articles/income-yield-ladder-51623420002">It's Been a Hard Time for Income Investors. Where to Find Yields of 7% or More Now</a></li>
<li>Kiplinger: <a href="https://www.kiplinger.com/investing/stocks/dividend-stocks/602693/35-ways-to-earn-up-to-10-on-your-money">35 Ways to Earn Up to 10% on Your Money</a></li>
<li>Money Talks News' <a href="https://www.moneytalksnews.com/rates/savings/">savings account search tool</a></li>
<li>Subscribe to the <a href="https://www.moneytalksnews.com/#newsletter">Money Talks News newsletter</a></li>
<li>Take our course <a href="https://unb.moneytalksnews.com/retirement-guide/">The Only Retirement Guide You'll Ever Need</a></li>
<li>Take our course <a href="https://www.moneytalksnews.com/courses/money-made-simple/">Money Made Simple</a></li>
<li><a href="http://mirandamarquit.com/">Miranda Marquit's website</a></li>
<li></li>
</ul>

Welcome to Money Talks News: The Podcast, a podcast devoted to everything money: how to get it, how to grow it and how to keep it. From the creators of MoneyTalksNews.com, a leading source of personal finance news and advice since 1991.

Welcome to Money Talks News: The Podcast, a podcast devoted to everything money: how to get it, how to grow it and how to keep it. From the creators of MoneyTalksNews.com, a leading source of personal finance news and advice since 1991.

Money Talks News: The Podcast

10 Ways to Earn at Least 10% on Your Savings

https://api.omny.fm/orgs/67ee9ddc-11a3-4cec-841d-ac9a015d5b41/clips/fdd6f235-4440-4072-ad64-ad5701825110/transcript

Transcript