Told a guy at work the easiest raise he could give himself is opening a HYSA Ally: 3.0% Public: 3.3% Vanguard Cash: 3.35% $30k in one of these vs a normal bank account is a ~$1,000 raise
The middle class in America is shrinking But it's happening b/c more ppl are moving into the upper middle class American households are getting richer but the rich are getting richer at a faster pace Wealth inequality is complicated
HSAs can be insanely powerful investing accounts if used right: 1) Pay medical expense out of pocket. 2) Save your medical receipts. 3) Invest your HSA so it compounds. 4) Reimburse yourself later. Triple-tax advantaged isn’t common. Use it.
A simple way to know if you’re making progress with your investments… Eventually they should start earning more than you’re contributing. First $10k: contributions do all the work First $100k: market starts helping That’s when compounding begins to feel real.