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  1. #1
    Daunzo's Avatar
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    Whats the best way to grow your cash?

    I make shopify shops for people here and there, but i want to know what other services I can provide for people that requires low effort work to make some extra income on the side

  2. #2
    JamaalCosta's Avatar
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    Switch Investments as Your Priority Changes
    As one ages, the perspectives and priorities change. A regular guy in his 20s doesn’t even think beyond which tees to wear, which car to drive and how to impress women. These questions however become irrelevant to the guy in his 40s.

    Your financial needs change with age and so should your investments. In your younger years in order to grow your money, you can think of putting your money in high-risk-high-return investments but as you grow older, it’s better to adopt a conservative approach and preserve what you have painstakingly earned and gained through your previous years. On a literal note, it means shifting from equity oriented funds to debt oriented funds. *

  3. #3
    MaeveGilbert's Avatar
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    Start as Early as Possible

    As you can see from the chart above, the sooner you start saving money, the easier it is to reach $1 million. It's tempting to put off saving money, but don't bank on a higher salary or future windfall -- even someone who makes up for years of no savings and contributes the same amount of money toward his $1 million goal won't be able to catch up to someone starting at a younger age.

    The same reason why the first $100,000 is the hardest to save applies here: compound interest. The more money you have over a longer period of time, the easier it is to save even more.

    "This is the snowball down the mountain that turns into an avalanche," said financial writer Uncle Bill. "The growth comes from the compounding as the investments pay off. It is getting started that is the hard part."

  4. #4
    Wayneburns's Avatar
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    Online Savings Account
    If you’re looking for a bank to invest your savings in to earn very high-interest rates, check out Discover Bank. Currently, they are paying 2.00% for their online savings account which is among the highest offered anywhere.

    The account requires no minimum balance to open and charges no monthly maintenance fees. It also comes with 24/7 online access to your funds, online transfers to and from other banks, and direct deposits.

    As is the case with savings accounts and money markets with all banks, withdrawals and outgoing transfers are limited to no more than six per monthly statement cycle.

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