Monday, August 9, 2010

Goal 9: 5 Savings Accounts

Welcome to Smokkee's WORLD 101. I am Smokkee Singleton if you haven't already guessed that by now. The purpose of this blog is to face my 101 goals head on and complete them. It's that simple. Eventually, I may try to organize them in some kind of order but I don't see it right now. I'm more concerned with trying to accomplish them anyway. Let's keep going down the list!***************************************************
*****************5 Savings Accounts*********************
If you know anything about me, then you know I work hard. If you know a little more about me, then you know as soon as I feel I don't have to work as hard, I won't. 5 Savings accounts will not all me to retire yet but do the math. Peep this: If I have one savings account that's got $100,000 in it and I gain interest at 0.01% per month (which is what apparently is the minimal standard of most banks I believe), then I gain $1,000 a month. 5 bank accounts would generate $5,000 a month. I might not be able to quit my day job but I definitely wouldn't have to work as hard as I do now.

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