beenz
Rap Guerilla
cash wise, I typically have about 40K, and the rest of it is invested. Whenever, I go over the 40K threshold, I send the excess to my brokerage account (merrill lynch) to invest.
that said, today, I went on my credit union website and noticed they have a new CD paying 4.5% interest over 12 months, which is a lick, cuz that's money I don't use that sits there. I had like 13K in that account, and I put 10K in to the CD and kept the other 3K as cash cuz I need to pay the IRS in 2 weeks from that account.
then I went to BOA, and I put 15K into their CD, which pays 3.83% over 13 months.
between those two investments, I'll make a free $1000 on money (in a year) that was gonna essentially sit in my account and do nothing. and I don't feel comfortable investing all my liquidity, so the CD's sound like a sound, no risk idea.
after that's done, I still have slightly under 15K cash, which should be plenty since I work full time and have a side hustle that's doing well, plus no debts outside of my mortgage right now.
between my investments (dividends), credit card cash back, and CD's, I should net $5000 or so this year of passive income
ya'll might not think it's a lot, but I'll take that money and continue to invest it, as it was free. the game is chess, not checkers, so I'm looking at the big picture.
that said, today, I went on my credit union website and noticed they have a new CD paying 4.5% interest over 12 months, which is a lick, cuz that's money I don't use that sits there. I had like 13K in that account, and I put 10K in to the CD and kept the other 3K as cash cuz I need to pay the IRS in 2 weeks from that account.
then I went to BOA, and I put 15K into their CD, which pays 3.83% over 13 months.
between those two investments, I'll make a free $1000 on money (in a year) that was gonna essentially sit in my account and do nothing. and I don't feel comfortable investing all my liquidity, so the CD's sound like a sound, no risk idea.
after that's done, I still have slightly under 15K cash, which should be plenty since I work full time and have a side hustle that's doing well, plus no debts outside of my mortgage right now.
between my investments (dividends), credit card cash back, and CD's, I should net $5000 or so this year of passive income
ya'll might not think it's a lot, but I'll take that money and continue to invest it, as it was free. the game is chess, not checkers, so I'm looking at the big picture.
never heard of CDs in business outside of that
