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.
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.
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.
I hope you’ll be updating all of us on your thoughts as they evolve…
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
Agreed! The PF community needs more ecologically focused bloggers with low carbon footprints
i’ts funny because it true!
Now if we can only get him to read our blogs…
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.
I think Bill would go for the mega-backdoor Roth, but yes, he could have a great little blog 🙂
ROFL that’s a good one Dave. 🙂
thx dude!
Ha! What a riot! Thanks for the laugh Dave!
My pleasure!
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?!
Just a liiiiiiitle advantage…
Ha, too funny. Can’t wait for his bookshelf post.
There’s so many topics out there that I’m looking forward to his take on…
The insanity of his wealth is evident in his new blogging venture. 😉
indeed
“…and building bookshelves from the scrapwood of bankrupt brick and mortar stores.”
Geez. Too soon, Dave. Too soon…
Enjoyed the laugh 😉
🙂
Good one Dave
Best,
Raph (Bankeronwheels.com)
🙂