Once a week I go yield hunting. I’m always looking for the best rates possible for my cash because I know that if I save X amount with a Y percentage yield, I’ll eventually reach my magical yearly cash flow number which will allow me to retire early if desired.
To get to your magical retirement number quicker, you can either save more or look for better returns. Currently 80% of my cash hoard is locked up in 5-7 year CD’s yielding on average 4%. The “problem” I currently have is that every year I work, is another year’s worth of savings I have to figure out what to do with it.
As you can see from my nifty CD banner to the right, I don’t have to look very far at all to keep track of what the best CD rates are in the entire country. The widget keeps track of all the rates for me and for all of you who visit this site regularly.