Ways To Grow Money
- High-yield Savings accounts
- Certificates of Deposits (CDs)
- Money Market Funds
- Money Market Deposit Accounts
- Treasury Bills and Notes
- Bonds
- Gold & Silver
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Smart girl with a big heart. I talk about finances, personal growth, and the real stuff. Let’s win! I ♥️ Humanity 🤝🏾🫱🏾🫲🏻🫱🏾🫲🏽🫱🏾🫲🏿 🌎
You may have heard the quote that “‘money is a tool” before. And of course, using a tool requires knowledge. Therefore, before spending money, gain knowledge of how to efficiently utilize it.
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Similar ideas to Ways To Grow Money
You don't keep too much cash
Never keep more than you need in cash or in a checking account.
Grow your money in the short-term by storing it in a high-yield savings account or certificate of deposit.
What Are STCS ?
- STCs stand for Share certificates
- Fixed-rate term savings account
- Another way to save
- Issued only by credit unions, whereas CDs are only issued through banks
Pros:
- They are safe (low-risk), offer guaranteed returns, a...
Investing in Fixed-Income Securities (Bonds)
- When you buy fixed income security, you are really lending money to the bond issuer in exchange for interest income.
- You can buy certificates of deposit or money markets, or invest in corporate bonds, tax-free municipal bonds, and U.S. savings bo...
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