First. Always easier to make money once you have some to work with. Gives you leverage and allows you to borrow more. No money, no one will want to lend you anything.
Just putting it in a money market account will get you a decent return for no risk. Just think, at 4%, you'd still be pulling in $40k a year for not risking a penny. Nice, huh?
Only $100,000 of a deposit account in an insured-bank is fully insured by the FDIC. Puttting 1M in a single money market/single insured-bank is risky if there is a bank failure.
Making the 1st 1M is more difficult.
I would like to know where to find the 4% money market too......I need extra gas money.
Which is more difficult?
Making the first $1M, or the second?
Try making Egg Nog without an egg beater. Now that's what I call difficult.
first
I second first.
Making hollandaise in a blender is pretty easy.
First. Always easier to make money once you have some to work with. Gives you leverage and allows you to borrow more. No money, no one will want to lend you anything.
Just putting it in a money market account will get you a decent return for no risk. Just think, at 4%, you'd still be pulling in $40k a year for not risking a penny. Nice, huh?
are money markets at 4%? where?
Only $100,000 of a deposit account in an insured-bank is fully insured by the FDIC. Puttting 1M in a single money market/single insured-bank is risky if there is a bank failure.
Making the 1st 1M is more difficult.
I would like to know where to find the 4% money market too......I need extra gas money.
with my spending habits the second would be harder because i'd spend the first million! and probably have no time left on this planet to make it.
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