Banking Secrets: How Vienna Marriott makes extra $5,000/yr

There's a saying I came up with a while ago -- "If you don't take care of your money, someone else will be more than happy to do it for you." Have you ever wondered how exactly banks make their money? Today, Vienna Marriott joins us to share this secret with us, and how you too can benefit by making a few simple changes with your hard-earned money.

Notes/Links/Transcript: http://www.moMoneyTV.com/vlog/moMONEY/20070426.html

Category:

News & Politics

Tags:

• vienna
• marriott
• banks
• banking
• fees
• compound
• interest
• ach
• etf
• eft
• paypal
• interactive
• brokers
• trading

[matijakasij]

That is not true, Interactive brokers, Pays nothing if your balance is under 10k, and you have to pay 10 every month to keep the accout, if you don't make a certain amount of trades per month, it's 3 bucks for me becaus I am only 21, (under 25).

[vlogolution]

you're correct, although these are more recent IB policies that were enacted over the last few years. however, the $10/mo (or $3/mo in your case) is in fact to cover the exchange fees they include with your account each month - just log into your TWS and you have real-time quotes. So, you are in fact getting something for that monthly fee. And with interest, you'll still make more after the fee than most banks are paying.

[vlogolution]

And here's a last little hint for you. If you have less than 10K sitting around in IB not paying interest, you can park it in short-term 1-3 year treasury credit/bond ETFs such as CSJ or SHY (Lehman iShares). They may be slightly riskier than 90-day t-bills due to the slightly longer holding-period, but not much riskier. And unlike a CD, they can also be sold at anytime. You can also look back historically to see how interest rate changes affected the underlying price.

[kevinzimmer69]

that girl is really hot....I love her in the paris videos... but I'm sorry to say... I like the videos for her.. and I hate them for their lack of creativity and imagination... these videos entertain me less than watching paint dry. Goodbye Vlogolution

[vlogolution]

pues, adios! we give a variety of content and many of our videos are meant to teach about money matters. if you don't have the cash then they probably won't interest you. kisses, vienna

[kcc3000]

what is the point or function of these videos? you really need some creative talents, otherwise it's not gonna work

[vlogolution]

oh I dunno, maybe to help people??? In this case, to easily make more money from their hard-earned idle cash. Maybe you are wise enough to know this already, but I know many a "smart" person who has said "oh, yes, they pay me interest" without realizing just how little it was. Didn't realize we needed to be creative each time, though we thought we were being creative with the "Vienna Marriott" spin. Perhaps next time we'll think about singing and dancing while trying to teach instead.

[Chicago10281]

We all need to learn from this! I know I do!

[BrittPhillips]

Can you make $43,945.75 in 30 days with ZERO investment? Here's what I know about it. People will do it with... Passive Income Advice [dot] com.

[RadhikaStava]

what a high pitch voice! Imagine her as a banker - overwhelming!

[80121817]

slutty whore

[80121817]

shes on coke.designer drug

[TheMilkman8825]

how are those REIT's now?

[vangie811]

this lady must be high!!!

[TruthRaider]

Well, garima, if you think it's that funny - give me a green mark! It'll be a "first" for me!

[garima1w]

hahaha very funny