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Message: <blockquote data-quote="Glocktogo" data-source="post: 1329851" data-attributes="member: 1132">The liquid cash is rotated on a monthly basis and is held in a money market account at 0.9% APY. The car note is for 5 years. Rather than pay off the note or buy the car for cash, we put the money in a 48 month Share Certificate at a current rate of 2.5% APY. These rates can be found on the Tulsa Teachers Credit Union. The APY for a money market account with $50K+ at TTCU is 1.2% BTW.Sure the car money's tied up somewhat, but it's still better than paying the car off up front. Our financials are diversified between available cash (the money market and share certificates), traditional and Roth IRA's, 401K's, some individually held stocks, guns and a small amount of gold & silver. Also available are several lines of credit should it ever come to that.  In today's economy, too many people rely on credit. That doesn't mean having credit is a bad thing. When you have a credit score over 800 you can take advantage of opportunities that do not exist for people with poor credit. I didn't make the rules, but I'll sure take advantage of them when I can.As I said before, this country actively discourages saving. When your yield on a savings account doesn't equal the rate of inflation, it means they want you to either gamble you money away or spend it outright. You'd still be a fool to not save for a rainy day though. As someone feeling like a chump because you have over $50K parked in a 0.8% APY account, you're still miles ahead of everyone who said screw it and indebted themselves into poverty or gambled away their earnings in a volatile market.</blockquote>

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