Where do you keep your money?

I posted a poll to see where people that read this blog put the bulk of their money. From what I understand, nobody will be able to see who chose what option, so don't worry about that.

Just a little bit of information on the interest rates. These are the highest I've been able to find:

Cash: no interest earned
Checking: 1.75% APY
Savings: 1.80% APY
Money Market Account: 1.60% APY
CDs: 6 month 1.65% APY
Investments: Depends on how risky you want to get!

Work Ethic

I think that it's important for people to realize that life just takes hard work. If we motivate ourselves and do an excellent job, we will normally reap the benefits.

So let's not be like this guy at work!

http://www.youtube.com/watch?v=FM3r7nbG9M8

Taxes Part 3

I've been looking into doing work as a Spanish-English translator, and that means I would be self employed (or a free-lancer). That means that the people that pay me do not withhold income for taxes (including Social Security and Medicare). So who has to take care of that? Me! I would have to pay my taxes quarterly (four times a year). There are, however, some really good benefits for being self-employed. For example, I would be able to deduct my Health Insurance premiums! If you have any questions about that, there is lots of information on www.irs.org

Taxes Part 2

If you're married, have at least one kid, and don't make a lot of money, then there is a way to get some really nice tax credit! It's called the EIC (Earned Income Credit). You should go to their website and see how much money you can qualify for. You'd be surprised at how much. Also, you should read up on taxes and find out all of the tax deductions and adjustments you are allowed to make.

If you find out that you could have qualified for the EIC last year, but didn't know, you can download a form called the 1040X and amend your taxes for last year. That means that you might be able to get it after all!

Well, I hope that helps!