Comments on: A Savings Plan for 2007: The Andrew Jackson Plan

By: rodgerlvu

rodgerlvu — Fri, 15 May 2009 06:18:27 +0000

excellent post…thanks for sharing

By: Steve

Steve — Tue, 10 Apr 2007 06:09:00 +0000

Although I have heard of it before, Kiyosaki’s Rich Dad, Poor Dad motivated me to pay myself first. Rather than putting aside 20USD everyday, I open up a 1-year CD for 300USD each month, and I think of it as just another bill that I charge myself.

The 20USD per day plan allows people to sock an average of 600USD per month, while my arrangement only saves 300USD per month. I make up the difference with 300USD in stocks that are exposed to quite some risk.

Adding to one’s savings with a single manageable amount each month (like a bill) is an alternative to facing the temptation of spending any part of 20USD for savings each day.

By: Sure

Sure — Tue, 30 Jan 2007 21:21:23 +0000

I have been following TSD everyday and I must admit that I do love the website.

I am sure that you must be knowing this, but will take a chance anyways.

HSBC currently has a 6% APY promotion until Apr 30, 2007.