Ebook86 pages54 minutes
My High-Yield Savings Account: Year in Review 2022: Financial Freedom, #101
By Joshua King
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About this ebook
2022 was an amazon year for savers. How much interest did you earn on your savings accounts and certificates of deposits?
Discover bank was kind enough to send me an email summary, so I decided to share it with the world.
HYSAs are essential to your growth as an investor because they are an incredible place to start.
I received $0.06 from my HYSA two months before I received my first dividends. So, an HYSA was my first source of passive income. Awesome, right?
After almost four years of using HYSAs, I can show you my progress. It's been a fantastic ride and will continue through 2023. Good Luck!
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My High-Yield Savings Account - Joshua King
Table of Contents
MILITARY FAMILY INVESTING | Joshua King | Home of the Free PDF
My High-Yield Savings Account
Monthly Dividend Tracker Template: Buy on Etsy
All Right Reserved Military Family Investing | 01 My High-Yield Savings Account: Year in Review 2022
02 New Year’s Passive Income Resolution 2022
03 New Year’s Passive Income Resolution 2023
04 USDC vs. Saving Bonds vs. Treasuries
05 The Magic of 3: HYSAs Hit 3% Interest Rates
06 Just Rewards: Credit Cards vs. Debit Cards
07 My Recession Investing Plan
08 Build a $1,000 Emergency Fund in 10 Steps
09 Are You a Spender or A Saver
10 The Dividend Debit Card 2
Try Something New -Free PDF Download
MILITARY FAMILY INVESTING
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Also By Joshua King
MILITARY FAMILY INVESTING
Joshua King
Home of the Free PDF
www.militaryfamilyinvesting.com
My High-Yield Savings Account
Year in Review 2022
01 My High-Yield Savings Account: Year in Review 2022
02 New Year’s Passive Income Resolution 2022
03 New Year’s Passive Income Resolution 2023
04 USDC vs. Saving Bonds vs. Treasuries
05 The Magic of 3: HYSAs Hit 3% Interest Rates
06 Just Rewards: Credit Cards vs. Debit Cards
07 My Recession Investing Plan
08 Build a $1,000 Emergency Fund in 10 Steps
09 Are You a Spender or A Saver
10 The Dividend Debit Card 2
Free PDF Download
1) PDF of the Month: Don’t Gamble with Retirement 9 (Free 394-Page PDF)
2) Free PDF Downloads: Download FREE PDF LIST here
3) Financial Mindset: Become CEO of Yourself 2 (Free 196-Page PDF)
4) Retirement Planning: Your Retirement Planning Guide 2 (Free 255-Page PDF)
5) Investing: How We Plan to Retire on Dividends 4 (Free 139-Page PDF)
6) Cryptocurrencies: Counting on Crypto 2 (Free 159-Page PDF)
7) Real Estate: Financial Independence through Real Estate 4 (Free 112-Page PDF)
8) Business: Retire Rich, Retire Comfortable with a Business 4 (Free 149-Page PDF)
9) Latest DGWR: Don’t Gamble with Retirement 9 (Free 394-Page PDF)
10) Everything!: The Biggest Book on Passive Income Ever 3! (book)(Web Edition)(Art Edition)
11) I bought a Kindle Oasis: Check it out on Amazon
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13) Book Design: Design Tips on YouTube
14) Kindle Unlimited: Why I Finally Subscribed Kindle Unlimited (learn more)
15) Book Reviews: 505 Takeaways from 101 Books (pdf)
16) Writing: The Publishing Chronicles (Part 1, Part 2, Part 3, Part 4, Part 5)
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20) For more detailed analysis, join my Youtube: MFI YouTube Channel
––––––––
Monthly Dividend Tracker Template: Buy on Etsy
Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
All Right Reserved Military Family Investing
01 My High-Yield Savings Account: Year in Review 2022
Today we celebrate. 2022 was an incredible financial year; therefore, we can ring in 2023 with a bang. My high-yield savings account is one of my favorite investment vehicles of 2022, so I want to explore it more in-depth.
Discover did me a solid by sending me an email summary of my HYSA. This also included my favorite debit card that pays one percent cashback. Let’s take a look.
Interest rates increased. The most significant event of 2022 was when the Federal Reserve made it a goal to raise interest rates.
Happy Cash Flow Retirement
The Federal Funds Rate directly impacts treasury bonds, mortgage rates, credit cards, auto loans, and (that’s right) savings accounts.
My Discover HYSA ended the year at 3.3%, which is impressive because it started at 0.4%. That's a whopping eight times more interest.
I earned a total of $47.62 in interest in 2022. This $47 can now start compounding on its own, creating its own snowball of interest accrual.
Cashback for the win. In 2022, I also started to take advantage of my cashback debit
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