Although an interest earning checking account seems like obvious choice to make, there are a variety of situations where you're better off choosing a no interest checking account. If your account balance fluctuates quite a bit so that you are likely to go under minimum balance required for account even a few times during year, you are likely to pay more in fees than you will ever earn in interest. In addition, checking account interest rates are some of lowest, so choosing a checking account with no interest and a low minimum balance can make sense if you can put difference into a higher yielding account.

Many people have several bank accounts at different institutions. It sometimes make sense to consolidate them at one bank. Consolidating your banking to one bank can give you more leverage in negotiating fee reductions and allow you to be more proactive in getting best deals available. If you keep several different accounts at a bank, some banks will take into consideration total balance of all your accounts at bank. Although you may not have minimum requirement in your checking account to earn interest, if you are also keeping a large deposit in a CD account that more than covers checking minimum, bank may be willing to count balance of combination of accounts as meeting minimum requirement.

Another option that can give you leverage when negotiating on checking account fees is to have your paycheck direct deposited. Although every bank has its own set of rules, most will waive checking account monthly fees if you direct deposit your paycheck. Don't, however, assume they will automatically give it to you. Chances are you will have to politely ask before they offer you this service.

A further possibility in getting free checking is to invest in bank. Although this doesn't work with larger banks, some small to medium sized banks have programs that award free checking and other special offers to investors. All you need to do is purchase a single share of stock to qualify.

Can business owners retire early? Yes. Having your own business means having passive income for life (more likely even longer than that). If you work consistently on growing your business, you will come to a point where your passive income exceeds your daily living cost.

If this happens, you can choose when to work, where to work or what. Your choice of jobs will not be limited by how much money they provide. Moreover, a job for you would be more of a choice than a necessity. Even if you chose not to work, you would still have money coming in from your business.

This is what real freedom is and this is exactly how wealthy people think!

Ironically, I have met some people who sneer at idea of investing in a business. For some reason they think that people who are interested in investing must be so much in love with money, or even slaves of it.

Most average people think that business owners must have become wealthy by drive of their greedy, selfish minds. They tend to think that business owners must be slaves to their money and riches that they could actually have riches so abundantly now.

The truth is their mindset is exactly opposite.

Exactly because of UNSELFISH reasons, business owners set up their businesses in first place.

By having their own businesses which generate passive income for them, they have quality time to spend with their loved ones.

They are not too busy to go to their daughter’s first dance recital or to show up at his son’s birthday party.

They are not too busy to spend a one-week holiday with their spouse. They are not too busy (nor too broke) to be involved in voluntary social work.

The average traditional worker, on other hand, would not be able to just go and have a holiday anytime he pleases. He has a too tight schedule to come to his daughter’s dance recital or his son’s 6th birthday party. And, hey, he’s too busy (and too broke) to do voluntary social work! He needs jobs that pay well and social works just won’t do.

Well, who is selfish one now?

Most importantly, because businesses wealthy people own generate passive income not only throughout their lives but also throughout lives of their children and grandchildren, business owners prove themselves even more UNSELFISH than average people do.

People with typical jobs will either retire broke or die poor, leaving their families with nothing (if not with their remaining debt).

By having right mindset, you will not only be able to have abundant riches, but also a great chance to live abundantly: do all things that provide satisfaction, spend quality time with you family and friends, and have all time and money to voluntarily help other people and make your part of world a better place to live.

Above all, having right mindset will give you a chance to care and provide for your family even after you leave this planet.

Are you ready to adopt wealthy mindset?