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
24
270 reads
CURATED FROM
IDEAS CURATED BY
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.
“
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...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates