Jeff Bezos Starts Personal Finance Blog


SEATTLE, WA – Amazon.com CEO Jeff Bezos has started a personal finance blog, according to numerous reports.  In his first post he explains why he moved $1.3 billion from his CIT Savings Builder account to a new account with Ally Bank.  “Bottom line, CIT Bank is giving 0.70% APY but Ally is now giving 0.8% APY.”, explained Bezos, on his new blog called AchievingEverydayWealth.com.  “So if you run the numbers, 0.7% on $1.3 billion is $758,333.33 interest per month.  But with Ally’s 0.8% APY, I’ll be getting $866,666.67!  That’s $108,333 extra per month, which may seem small but like the infamous ‘latte factor’ it all adds up over time.” He added, “I’m now an affiliate partner with Ally, so if you get value from my posts and content and you’re looking to open an account with Ally, please use the link below to support my blog, I’d appreciate it!”

As he details on his “About Me” page, Bezos hopes to build an audience for his content by giving practical and down to earth advice about money.  He also has a “DIY Projects” section where he’s written a few posts about frugal home projects such as fixing the timer knob on his dryer and building bookshelves from the scrapwood of bankrupt brick and mortar stores.

*Turnip FIRE is satire so for all that is holy please don’t sue me, I’m just trying to make people laugh.

 

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Dave @ Accidental FIRE

I reached financial independence and semi-retired in my mid-40's through hard work, smart living, and investing. This blog chronicles my journey and explores many aspects of personal finance including the psychological and behavioral factors that drive our habits.

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23 Responses

  1. I’ll be reading the blog earnestly to read his thoughts on the joys of frugality and how his budget choices reflect his true inner being and life goals.

    He’ll definitely be filling a niche in the FI/RE universe that hasn’t found a true voice yet.

    • Dave @ Accidental FIRE says:

      Totally agree, I’m looking forward to advice on how to position my rocket company in my portfolio. It’s something I’ve been struggling with for a while now and it’d be interesting to see how he does it.

  2. Karla Jensen says:

    The recycler in me is so glad that he’s repurposing those brick and mortar stores! I’d hate to see all that going to the landfill…lol

  3. i’ts funny because it true!

  4. lifeoutsidethemaze says:

    Literally laughed out loud on this one. In other news, Bill Gates is halting work on his foundation so that he may instead focus on optimizing his mortgage rate, travel hack, and pursue a savvy backdoor roth strategy.

  5. Tawcan says:

    ROFL that’s a good one Dave. 🙂

  6. Mr. Tako says:

    Ha! What a riot! Thanks for the laugh Dave!

  7. Fire And Wide says:

    Loved this – brought a huge grin to my face this Sunday morning. Love the humour and can you imagine….

    Just a slight advantage over the rest of us then?!

  8. Matt says:

    Ha, too funny. Can’t wait for his bookshelf post.

  9. Pete says:

    The insanity of his wealth is evident in his new blogging venture. 😉

  10. Chris@TTL says:

    “…and building bookshelves from the scrapwood of bankrupt brick and mortar stores.”

    Geez. Too soon, Dave. Too soon…

    Enjoyed the laugh 😉

  11. Raph says:

    Good one Dave
    Best,
    Raph (Bankeronwheels.com)

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