Recent comments in /f/LifeProTips

keepthetips t1_jdftok2 wrote

Hello and welcome to r/LifeProTips!

Please help us decide if this post is a good fit for the subreddit by up or downvoting this comment.

If you think that this is great advice to improve your life, please upvote. If you think this doesn't help you in any way, please downvote. If you don't care, leave it for the others to decide.

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GraniteMaultothedome t1_jdfso7t wrote

Open a new credit card and use it responsibly by paying for everyday things you'd normally pay for and take advantage of the introductory benefits (not all have them). Some give you cash back after spending a certain amount. So if you pay your phone and utility bills, groceries, etc, you can easily save a few hundred dollars.

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acqz t1_jdfrxt7 wrote

Your money is tied up for 1 month, 3 months, 6 months, 2 years or however long the maturity is of the bond you buy. Normally the longer the maturity, the more interest you get, but we're in an anomalous period where the 6 months T-bill is currently paying the most interest of all.

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[deleted] t1_jdfrqqk wrote

Pretty much telling you get a job and put your money in a savings account provided by a bank or credit union. It’s a “safe” bet.

At the end of the day, what you’re asking is not possible.

Every possible route to building wealth requires a level of risk. This person is telling you the safest way to make money is earn a living a put those earnings in a savings account (bank or credit union)

It’s safe because the risk is trusting a bank will A.) have your money when you ask for it B.) Add 3% of what you save to your account every month And C.) the federal reserve will bail them out if they don’t have your money, and compensate your money, as long as you didn’t save more that $250,000

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shliam t1_jdfoetv wrote

While it’s understandable that stocks and crypto can feel like gambling, it runs contrary to that to say you don’t have the time or patience.

The value returned is a result of combing time and risk. You can either take high risk/low time investments; low risk/long time investments, or somewhere in between

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keepthetips t1_jdfmkad wrote

Hello and welcome to r/LifeProTips!

Please help us decide if this post is a good fit for the subreddit by up or downvoting this comment.

If you think that this is great advice to improve your life, please upvote. If you think this doesn't help you in any way, please downvote. If you don't care, leave it for the others to decide.

1

Flair_Helper t1_jdffc1l wrote

Hello Snow5Penguin, thank you for your submission! Unfortunately, it has been removed for the following reason:

Do not post tips that could be considered common sense, common courtesy, unethical, or illegal.

If you would like to appeal this decision please feel free to contact the moderators here. Do not repost without explicit permission from the moderators. Make sure you read the rules before submitting. Thank you!

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