BTW, if you're a high-income or mid-career professional transitioning into a more serious stage of life; whether you’re growing a family, building your retirement, or shifting from a consumption to a wealth-building stage, and you’re feeling overwhelmed by the complexity of it all, this is for you. If you’re asking yourself: Am I really doing well? How do I know I’m taking the right steps? Should I pay off debt, save, or invest for retirement first? How can I prepare myself financially for my new family? Why am I still broke if I make good money? What if I make the wrong choices and mismanage my finances? How can I align my finances with my partner when we have different financial habits? I can help you: Get a set of prioritized, actionable steps to reach your financial goals Achieve peace of mind knowing you’re on the right track toward long-term financial security Turn financial stress and uncertainty into clarity, control, and confidence Optimize your finances without sacrificing your lifestyle Streamline your financial plan to align with your unique goals Just how I helped my client Steve, who said: "Alex provided great clarity in working through financial steps for improving my short and long term goals. He thoroughly explained all questions I asked, and gave insight into details for an exact plan for a fantastic financial foundation." I can help you next. I don’t work with everyone, and I want to ensure I can help you in the best possible way. Your satisfaction is my utmost priority. Here are the requirements: You must have a stable job in the USA. You must be at least 25 years old. You must be committed to optimizing your financial future. You must be responsible and ready to take action. You must be open to learning and implementing new strategies. This is a 30-minute strategy call where we’ll dive into your financial challenges and goals to see if we’re a good fit to work together. This is a limited opportunity to gain clarity and control over your financial future. Don’t leave your finances to chance, and stop wasting time. Schedule your strategy call today and start transforming your financial life for the better. alexisidro.com/DiscoveryCall
Buying stocks might seem easy, but picking the right one without a solid plan is tough. I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell. Any tips on this would really help.
@@JasonStathamOffical I agree. From my own experience with an investment advisor, I've got $1 million in a diverse portfolio that's growing fast. It's not just about having money for stocks; you need to know your stuff, stay determined, and be resilient.
@@Richardnnabuikediyoke Victoria Carmen Santaella is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
FDIC says up to (per account per owner). AMEX says at least. Just depends how you look at it. Bottom line: you have $250K insurance per account per owner.
Does their HYSA show up in their app? I have one with Apple. I like the all in one view but Im thinking of switching since Apple and Goldman Sachs maybe breaking up soon. I have an Amex CC so it will be nice to see everything in one place.
Actually, I did notice that. Many banks are lowering their rates, and not sure why. The fed might be lowering interest rates in the future, so they might be being proactive. Other than that, not sure. There are still other options out there, though. What are your thoughts on it?
I personally consider only established, FDIC/NCUA insured organizations. AMEX, Capital One, Marcus, SoFi, Ally, CIT are all good examples. There are others of course. Just depends on what you're looking for.
So I have $60k in SOFI who’s my primary account now since transferring over from Wells Fargo. I also have $25k with Amex. Now I’m thinking I should also move this emergency fund to SOFI too. I don’t have credit cards with them but they were my 1st HYSA. So undecided now. I also found Milli HYSA today at 5.50% but am unfamiliar with the company. Seems shady perhaps?
Not too sure about Milli, I'd have to look into it more! There goes the confidence factors I talk about in the video! For me, no warm and fuzzy, I consider other options.
But with sofi you need direct deposit on top of the 5k minimum balance you have to have in the account to earn interest. Is it the same with amex also?
just moved 50k to a Amex hysa this month. took one day to process the transaction from my BofA. I have another 17k I'm thinking of moving to a CIT bank offering 5.05% but on the fence about the reliability of the bank. May just move it to Cap One 360
So I have Wells Fargo as my banking right now would I be able to transfer the Amex savings funds to my Wells Fargo checking pretty easily or nah? I’m thinking about opening my first HYAS account but I just want to make sure I’d be able to move money from acc to acc easily in case of a emergency
Yes, transfers are usually easy. Bank to bank transfers are how I personally swap money as well! I understand it can be a bit anxious the first time, so if this is the case for you, transfer little money. Start with 100 bucks and then once you feel more comfortable with the process, then transfer the rest. Start small :)
Wells Fargo and any bank that CHARGES the customer WHO'S MONEY THE ARE USING while its in their account, for the simple fact that they are "providing a service" are scum. Credit Unions all the way! I don't have to worry about not depositing money every month into the account and getting random charges because some money grabbing scum decided they want a piece...
I'm with Alex. Transfers are super easy once you link the two bank accounts. However, I'm Wells Fargo as well. My payments to my Amex cards happen almost the same day. The HYSA transfers take a couple of days.
@@alexisidro I got Amex Checking I don't have direct deposit. They emailed me to remind me to make a deposit each month or they close the account. It had 1 APY logo next to the reminder.
BTW, if you're a high-income or mid-career professional transitioning into a more serious stage of life;
whether you’re growing a family, building your retirement, or shifting from a consumption to a wealth-building stage,
and you’re feeling overwhelmed by the complexity of it all, this is for you.
If you’re asking yourself:
Am I really doing well? How do I know I’m taking the right steps?
Should I pay off debt, save, or invest for retirement first?
How can I prepare myself financially for my new family?
Why am I still broke if I make good money?
What if I make the wrong choices and mismanage my finances?
How can I align my finances with my partner when we have different financial habits?
I can help you:
Get a set of prioritized, actionable steps to reach your financial goals
Achieve peace of mind knowing you’re on the right track toward long-term financial security
Turn financial stress and uncertainty into clarity, control, and confidence
Optimize your finances without sacrificing your lifestyle
Streamline your financial plan to align with your unique goals
Just how I helped my client Steve, who said:
"Alex provided great clarity in working through financial steps for improving my short and long term goals.
He thoroughly explained all questions I asked, and gave insight into details for an exact plan for a fantastic financial foundation."
I can help you next.
I don’t work with everyone, and I want to ensure I can help you in the best possible way.
Your satisfaction is my utmost priority.
Here are the requirements:
You must have a stable job in the USA.
You must be at least 25 years old.
You must be committed to optimizing your financial future.
You must be responsible and ready to take action.
You must be open to learning and implementing new strategies.
This is a 30-minute strategy call where we’ll dive into your financial challenges and goals to see if we’re a good fit to work together.
This is a limited opportunity to gain clarity and control over your financial future.
Don’t leave your finances to chance, and stop wasting time.
Schedule your strategy call today and start transforming your financial life for the better. alexisidro.com/DiscoveryCall
Buying stocks might seem easy, but picking the right one without a solid plan is tough. I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell. Any tips on this would really help.
The strategies are tough for average people. They're usually done well by experts with lots of skills and knowledge.
@@JasonStathamOffical I agree. From my own experience with an investment advisor, I've got $1 million in a diverse portfolio that's growing fast. It's not just about having money for stocks; you need to know your stuff, stay determined, and be resilient.
@@YinusaSaheed Mind if I ask you to recommend this particular coach you using their service?
@@Richardnnabuikediyoke Victoria Carmen Santaella is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Would you recommend it to your mom. Should be the standard for alot of things 😂
haha AGREE! Do you have any questions I can help answer? How are you liking AMEX?
@@alexisidro I just opened one today and transferred money. But didn’t know you have to pay tax on interest earned in a savings acc. Disgusting.
It is crazy!!! I feel you.
It's not up to $250K insured. It's AT LEAST $250K. That's what they advertise.
FDIC says up to (per account per owner). AMEX says at least. Just depends how you look at it. Bottom line: you have $250K insurance per account per owner.
An engineer can’t resist the urge to let people know they’re an engineer. Lol
What’s the cost of moving money FROM the high yield savings account TO an external bank?
Zero. Just a regular transfer
@@alexisidro nice. Thank you
So what do you recommend for the highest APY?
Laurel Road is a good one for high interest. I made a review on it here ruclips.net/video/aSwDApOZHsE/видео.html
Does their HYSA show up in their app? I have one with Apple. I like the all in one view but Im thinking of switching since Apple and Goldman Sachs maybe breaking up soon. I have an Amex CC so it will be nice to see everything in one place.
I believe so. I don't see why it wouldn't.
Yes they do
Can i get a card for this account?
If you get the checking account, yes.
No card for HYS savings
What are the other cards you mentioned at the end that have similar features but have higher APYs?
SOFI, Capital one
@@Yagirlnyesha thank you
I enjoyed the vid and information. I opened the HYA with your help. Thank you.
thanks dude! well thought out vid -super helpful!!
Glad to hear that! Thanks for watching. Any questions let me know
I want the warm and fuzzy feelings you have towards Amex too! Lehman Brothers was founded in 1850 too and look at what happened to them.
I hear you!
I’m an engineer, so I subscribed 🤝🏾🤣
LFGOOO. What field are you in? Nice connecting with you!
Went to school for biomedical engineering, working in quality at a med device company!
That’s wonderful! How you liking your career so far?
Thanks for the video. Good stuff. Have you looked at the history of their rate? What are your thought on that?
Actually, I did notice that. Many banks are lowering their rates, and not sure why. The fed might be lowering interest rates in the future, so they might be being proactive. Other than that, not sure. There are still other options out there, though. What are your thoughts on it?
Is there an annual fee? I read no monthly fees but I have Amex business cards that have annual fees
The high yield savings account does not have any fees :)
What’s the best with no chance of foreclosure? Goldman Sachs is 4.40% ?
I personally consider only established, FDIC/NCUA insured organizations. AMEX, Capital One, Marcus, SoFi, Ally, CIT are all good examples. There are others of course. Just depends on what you're looking for.
Thank you for this video!
Welcome! Are there any other questions I can help with?
This was really helpful! Thanks!
Very welcome. Is AMEX for you?
So I have $60k in SOFI who’s my primary account now since transferring over from Wells Fargo. I also have $25k with Amex. Now I’m thinking I should also move this emergency fund to SOFI too. I don’t have credit cards with them but they were my 1st HYSA. So undecided now. I also found Milli HYSA today at 5.50% but am unfamiliar with the company. Seems shady perhaps?
Not too sure about Milli, I'd have to look into it more! There goes the confidence factors I talk about in the video! For me, no warm and fuzzy, I consider other options.
But with sofi you need direct deposit on top of the 5k minimum balance you have to have in the account to earn interest. Is it the same with amex also?
@@lefty.don’t think so. I opened AMEX and put $100 in to test and see. I get the interest monthly on it with just a $100 in.
@@Meowskatools thank you for actually replying to me. Yeah I put money in and I’m waiting for the month to hit. Appreciate the help
Thank you
Glad to help! What did you like best about AMEX?
When you say e check, is the just the same as mobile deposit using the app?
Yes!
@@alexisidro thanks for the quick response. I’ve only seen it listed as mobile deposit and not e-check before
just moved 50k to a Amex hysa this month. took one day to process the transaction from my BofA.
I have another 17k I'm thinking of moving to a CIT bank offering 5.05% but on the fence about the reliability of the bank. May just move it to Cap One 360
That’s great! Lmk how you like CIT.
@alexisidro could you do one on BMO Alto?
So I have Wells Fargo as my banking right now would I be able to transfer the Amex savings funds to my Wells Fargo checking pretty easily or nah? I’m thinking about opening my first HYAS account but I just want to make sure I’d be able to move money from acc to acc easily in case of a emergency
Yes, transfers are usually easy. Bank to bank transfers are how I personally swap money as well! I understand it can be a bit anxious the first time, so if this is the case for you, transfer little money. Start with 100 bucks and then once you feel more comfortable with the process, then transfer the rest. Start small :)
Wells Fargo and any bank that CHARGES the customer WHO'S MONEY THE ARE USING while its in their account, for the simple fact that they are "providing a service" are scum.
Credit Unions all the way! I don't have to worry about not depositing money every month into the account and getting random charges because some money grabbing scum decided they want a piece...
I'm with Alex. Transfers are super easy once you link the two bank accounts. However, I'm Wells Fargo as well. My payments to my Amex cards happen almost the same day. The HYSA transfers take a couple of days.
If you get Amex Checking that's 1 APY on top of 4.35 Savings equal 5.35 APY good for regular customers
That’s great! Is that a current offer? I didn’t see it on their website.
@@alexisidro I got Amex Checking I don't have direct deposit. They emailed me to remind me to make a deposit each month or they close the account. It had 1 APY logo next to the reminder.
I think you have the math wrong. The checking account is 1%, the savings account is 4.35%. They don’t add together.
Thank you for the clarification!
Correct@@mikecumbo7531