Recent comments in /f/LifeProTips
MrKahnberg t1_jdfv4zm wrote
Reply to LPT What are unique ways to grow and expand my money without investing in stock or cryptocurrency? by SuccessfulManifests
If you're in the US start a Vanguard account. Tell them your risk tolerance and goals and they'll give you recommendations. Source, started our Vanguard account in 1980.
K-Ryaning t1_jdful1l wrote
I dunno man, the bouncers are usually pretty interested if you're "almost 18"
SuccessfulManifests OP t1_jdftq5y wrote
Reply to comment by GraniteMaultothedome in LPT What are unique ways to grow and expand my money without investing in stock or cryptocurrency? by SuccessfulManifests
Thanks, I will look into that
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.
GraniteMaultothedome t1_jdfso7t wrote
Reply to LPT What are unique ways to grow and expand my money without investing in stock or cryptocurrency? by SuccessfulManifests
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.
acqz t1_jdfrxt7 wrote
Reply to comment by SuccessfulManifests in LPT What are unique ways to grow and expand my money without investing in stock or cryptocurrency? by SuccessfulManifests
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.
[deleted] t1_jdfrqqk wrote
Reply to comment by SuccessfulManifests in LPT What are unique ways to grow and expand my money without investing in stock or cryptocurrency? by SuccessfulManifests
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
[deleted] t1_jdfrhlw wrote
SuccessfulManifests OP t1_jdfr8ba wrote
Reply to comment by acqz in LPT What are unique ways to grow and expand my money without investing in stock or cryptocurrency? by SuccessfulManifests
What's the catch with this though?
acqz t1_jdfr65o wrote
Reply to LPT What are unique ways to grow and expand my money without investing in stock or cryptocurrency? by SuccessfulManifests
Bonds. Treasury bills are the safest financial instrument after cash and backed by the full strength of the US government. Never been a better time to invest in bonds now that the interest rates are so high.
RascalRibs t1_jdfoyy9 wrote
Reply to comment by SuccessfulManifests in LPT What are unique ways to grow and expand my money without investing in stock or cryptocurrency? by SuccessfulManifests
Check out darkhorseodds, they have some great starter guides.
SuccessfulManifests OP t1_jdfokkt wrote
Reply to comment by Loud_Vermicelli9128 in LPT What are unique ways to grow and expand my money without investing in stock or cryptocurrency? by SuccessfulManifests
Sorry I'm confused. What do you mean by this?
shliam t1_jdfoetv wrote
Reply to LPT What are unique ways to grow and expand my money without investing in stock or cryptocurrency? by SuccessfulManifests
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
motownmods t1_jdfnszq wrote
Reply to LPT What are unique ways to grow and expand my money without investing in stock or cryptocurrency? by SuccessfulManifests
What state are you in?
Loud_Vermicelli9128 t1_jdfnry7 wrote
Reply to LPT What are unique ways to grow and expand my money without investing in stock or cryptocurrency? by SuccessfulManifests
Online savings account. Money is insured to $250,000 and currently get 3+% interest a month. Doesn’t get much safer than that.
northernlight60 t1_jdfncmz wrote
Reply to LPT What are unique ways to grow and expand my money without investing in stock or cryptocurrency? by SuccessfulManifests
Invest in your education and training.
SuccessfulManifests OP t1_jdfna3z wrote
Reply to comment by RascalRibs in LPT What are unique ways to grow and expand my money without investing in stock or cryptocurrency? by SuccessfulManifests
Can you explain to me a bit more about how that works?
RascalRibs t1_jdfn6qs wrote
Reply to LPT What are unique ways to grow and expand my money without investing in stock or cryptocurrency? by SuccessfulManifests
The stock market isn't really gambling.
And you can make money through online sportsbetting if it's legal in your state, and this is also not gambling if you do it right and just hedge the promotional offers.
Ryane39 t1_jdfn1yl wrote
Reply to LPT What are unique ways to grow and expand my money without investing in stock or cryptocurrency? by SuccessfulManifests
There is no “easy” way. It’s all a gamble if you aren’t willing to put the work in to learn about how the game works. You really want set it and forget it, go get a high interest savings account from Marcus Goldman Sachs or Ally.
Or, learn about a topic enough to confidently invest.
[deleted] t1_jdfmvyt wrote
keepthetips t1_jdfmkad wrote
Reply to LPT What are unique ways to grow and expand my money without investing in stock or cryptocurrency? by SuccessfulManifests
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.
Flair_Helper t1_jdffc1l wrote
Reply to LPT: Anytime that you are going to ask someone over to your place (either a date or a friend), always clean your place before asking. If they say yes, it’s already clean. If they say no, at least you can feel happy about a clean space. by Snow5Penguin
Hello Snow5Penguin, thank you for your submission! Unfortunately, it has been removed for the following reason:
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Perfect_Weakness_414 t1_jdfdz4r wrote
OmniFella t1_jdfdt18 wrote
Reply to LPT: Anytime that you are going to ask someone over to your place (either a date or a friend), always clean your place before asking. If they say yes, it’s already clean. If they say no, at least you can feel happy about a clean space. by Snow5Penguin
Wulllll yeah. I’mma wanna brag to someone about cleaning.
Brave_Forever_6526 t1_jdfv6p5 wrote
Reply to LPT What are unique ways to grow and expand my money without investing in stock or cryptocurrency? by SuccessfulManifests
Buy stock in s&p and don’t touch it, it’s only gambling if you try and time the market it’s investing when you put time in the market