Save through your Checking Accounts

The high interest checking accounts offered by a lot of banking institutions can be a feasible option. This is particularly for all those investors who do not have the need to harbor a huge amount of on-demand cash. The point to be noted is that the amount you decide to keep in your checking account is not very high considering the status of your overall portfolio. The Federal Reserve has currently slashed off the interests rates, and this has resulted in modest interest rates as offered by the banks. There are a few aspects to be considered with regard to high interest checking:

• You should consider investing your minimum balances in other investment options. If you have around $2,500 in your checking account you may not earn handsome interest on the funds. And, if you end up dropping below the minimum balance, there are fees to be met up with.

• Your interest earnings can fall due to these fees. Prior to investing, one is required to understand every detail regarding the fees within the high interest checking account. If you find the fees higher than your current banking institution, opening a high interest checking account will not be a good option.

• There may be other caveats along with your high interest checking accounts. One needs to check whether the interest you earn is indeed worth it.

Written by srini on September 14th, 2009 with no comments.
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A self-made multi-millionaire – Gurbaksh Singh Chahal

Gurbaksh is the founder of two prominent advertising companies and is a multi-faceted professional, all rolled into one. He happens to be one of the most prominent American entrepreneurs, a television personality, an author and a motivational speaker. Gurbaksh was born on the 17^th of July, 1982 in Tarn Taran, Punjab, India. He immigrated to the United States with his family in 1985. The family settled in San Jose, California. With just $25 in their account, the parents of Gurbaksh began to struggle with menial jobs in order to sustain their family.

At a tender age of sixteen, Gurbaksh dropped out of his high school and started off his first venture ‘ClickAgents’. This happened on the 15^th of December, 1998. It was an advertising network that concentrated on performance-based advertising. On the 1^st November, 2000, ValueClick took over ClickAgents in a whopping $22 million merger. This was an all-stock merger and a non-compete agreement that was devised between Chahal and ValueClick. On the 12^th January, 2004, Chahal built BlueLithium, a yet another advertising network. It has earned the reputation of being the innovator in the field of online advertising space in a Business 2.0 article. On October 15^th of the same year, Yahoo! bought BlueLithium for $300. Gurbaksh was introduced in the Oprah Winfrey Show as “one of the youngest and also the wealthiest entrepreneurs on the planet Earth”.

Written by srini on September 14th, 2009 with no comments.
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