You Can Get the Best Money Market Account

• No Account Minimums
• Unlimited Withdrawals
• No committment, You can take your money out when you want WITHOUT a penalty
• $1 to Open!

Reasons to get a high money market rate at ING Direct:

1. To preserve the buying power of your money against inflation.
2. To gain compounding interest.
3. To save more money (it is too easy to withdraw money from a regular savings account).
4. To put your money to work. If you're like me, you'd probably like your money to work harder than you do. Most savings accounts pay so low interest it is not worth talking about.
5. To take advantage of ING Direct's high money market rate with no minimum money market account balance, and no fees.
6. To have your money in a safe place, ING Direct is FDIC insured up to $100,000 per account - there is NO RISK!
7. To avoid losing your shirt in the stock market
8. To show your mom that you are all grown up now and can plan for the future.
9. To hide money from your spendthrift spouse
10. To be more disciplined in your saving by using ING Direct's optional automatic savings program which allows you to set up a monthly or weekly transfer from your checking account into your ING Direct money market. This way you won't be living on the edge of you income without putting anything aside for a rainy day, unemployment, disease, accidents, or natural disasters. You can predict but you can prepare.
11. To remember an ounce of prevention is worth a pound of cure. So prepare now for the unexpected.
12. With all the latest disasters like the Hurricane Katrina, Hurricane Wilma, High Oil Prices, Tsunami, mud slides in California, Wars in the middle-east, and flooding in the USA, it makes sense to start saving money more aggressively

It is never to late to start earning at a good money market rate, so open an account now by clicking here, it only takes a few minutes to link your bank account(s) and you can start earning interest today. Also, you do not need to change banks to open an account. You can also click the banner below to apply for a high money market rate account:

To learn more about ING Direct money market accounts and to see a comparison chart of leading money markets, go to money market accounts. ING Direct is one of my favorite banks because of it's automatic savings plan which helps me to save regularly.

    

How to Teach Your Kids That Money Doesn't Grow on Trees
Well, first of all, go show your kids a tree and point out that there are no dollar bills attached to it, just leaves. If they still don't believe you, take them to a farm and show them how farmer's barely make money by selling the fruit that does grow on trees.

As an alternative, you can let them surf The Orange Money Planet. There they will learn about investing money, the value of money, earning money, saving money, and even how to wisely spend money. In fact, you should teach your kids to start saving now by helping them open a money market account with a high money market rate such as you will find with the best money market accounts. Have your kids take the money quizes found on the site and if they pass you could give them money as an incentive to continue learning about money market rates, exchange rates, currency rates, and savings rates. One of the most critical skills you can teach your child is the importance of evaluating the risk and reward ratio of investing money. What is the point of making a large profit if later you give it all back because your money was at a high risk.

Rule of 70
One of the most common rules about money and interest rates is the Rule of 70. To use the rule, divide 70 by the interest rate you are earning, for example 10% and the result will be the number of years that it will take to double your money. In this case 7 years at a rate of 10% should double your initial investment. The rule is not super accurate so if you need to really calculate doubling time, you can use the following formula: T =(ln 2)/k Where T= time, and ln means natural log and k= interest rate

Start Young, Start Right: Trading Simulations for Kids

If you want your kids to gain experience with trading, there is no better way than using simulations. You can open a free account that will give you $100,000 in virtual money so you can practice trading currencies. The account is not a trial and will not expire. Open a currency virtual trading account.

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