In this post I would like to share a couple simple ways to turn the money you saved, from my last post
"How to Start Earning Passive Income" with you.
- Every time you build that saving account up to a thousand think about open a six month or twelve month CD with your bank this way you can earn a good return on your savings. You can also start overlapping or CD's so that when one is maturing you can have one starting again every three month. Should you have an emergency you can take out those funds if needed.
- The other way to earn or save is with a Roth you can fund your account up to it's limit per year. The downside is you can't use it until you are ready to retire unless you are willing to take a tax hit.
- Try combining these two Ideas or test what works best for you.
If you have read this and you have any suggestions for reader, please leave your comments or tips.
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