We’ve previously talked about different ways to grow your income. Now, let’s focus on saving and investing your money. For a long time, I’ve been putting my money into Certificates of Deposit (CDs). This strategy helps keep my funds out of immediate reach, lowering the chance that I’ll spend them on things I don’t really need. This is why I started the savings section on this site – because if I left my money in a regular savings account, it would be long gone by now.
WHY I LIKE CDs
Diversification is key to my investment strategy, and CDs are a staple in my portfolio. Some people criticize CDs, saying their returns barely outpace inflation. That might be true, but when you’re investing smaller amounts and using CDs like a secure savings account, they can be incredibly effective at keeping your money safe and untouched. This is why I value CDs so much in my investment mix.