The Latte Factor encompasses all of the small, unnecessary spending that can drain away your wealth over time. If you stop spending on the small and unimportant things, and invest that money instead, you could see significant returns over time – enough to be rich.
One of the ways that savers are trying to make the most of a low-rate environment is to turn to high yield accounts. A variety of banks offer high yield accounts, and among the most competitive is CIT Bank.
One of the great things about an IRA is that you can hold a number of different investments in the account. While you can hold bonds, stocks, and cash in your IRA, it’s also possible to add even more asset classes to your IRA.
When it comes to investing, it’s too easy to just sort of decide on an asset allocation and then stick with it for the next 30 years. One way you can change the way you think about investing is to divide your investments into “buckets.”