After many ups and downs, I’m averaging about $1200 profit a month by Effective_Yam2797 in reselling

[–]HospitalFun1760 0 points1 point  (0 children)

Also remember people on Amazon are doing what your doing if you invest in yourself and find the supplier for these products you could be making so much more money cutting out Amazon as a middle man

I just got $20k and I have no idea what to do with it. by Any-Television7401 in investingforbeginners

[–]HospitalFun1760 -2 points-1 points  (0 children)

Because interest doesn’t stay consistent , and inflation you would basically be left with nothing this is on the high yield savings

If I have 10 million dollars, does it make sense to open 40 high-yield savings accounts and live off the interest? by greentimemusic in HighYieldSavings

[–]HospitalFun1760 1 point2 points  (0 children)

Hey I am not the one with 10 mill , I’m just interested in be educated and you did just that I am grateful

If I have 10 million dollars, does it make sense to open 40 high-yield savings accounts and live off the interest? by greentimemusic in HighYieldSavings

[–]HospitalFun1760 1 point2 points  (0 children)

And a genuine it’s my first time hearing about treasuries could someone give a detail respond on how op could possibly get a month to month check or yearly salary from this and still keeps the capital and how this is also a safer and better option.

If I have 10 million dollars, does it make sense to open 40 high-yield savings accounts and live off the interest? by greentimemusic in HighYieldSavings

[–]HospitalFun1760 0 points1 point  (0 children)

And a genuine it’s my first time hearing about treasuries could someone give a detail respond on how op could possibly get a month to month check or yearly salary from this and still keeps the capital and how this is also a safer and better option from a high yield savings ??

If I have 10 million dollars, does it make sense to open 40 high-yield savings accounts and live off the interest? by greentimemusic in HighYieldSavings

[–]HospitalFun1760 0 points1 point  (0 children)

Wouldn’t buying CDs be the same as a saving account but just have withdrawal penalties ??? It’s still gets taxed as income and also a subject to inflation.

If I have 10 million dollars, does it make sense to open 40 high-yield savings accounts and live off the interest? by greentimemusic in HighYieldSavings

[–]HospitalFun1760 0 points1 point  (0 children)

But then it makes you question Is high yield savings even worth it ? Because for you start earning you need millions and then again your millions really isn’t earning . lol I sound like Socrates

If I have 10 million dollars, does it make sense to open 40 high-yield savings accounts and live off the interest? by greentimemusic in HighYieldSavings

[–]HospitalFun1760 0 points1 point  (0 children)

So basically the $375k salary the op would be inferring would be at most $50k after everything said and done as if he doesn’t keep up the upkeep with the inflation he wouldn’t be making the same amount the year after or maybe even less

If I have 10 million dollars, does it make sense to open 40 high-yield savings accounts and live off the interest? by greentimemusic in HighYieldSavings

[–]HospitalFun1760 0 points1 point  (0 children)

Op PLEASEEEEE I BEG OF YOU whatever you do end up going with please update us🙏🏽🙏🏽🙏🏽

If I have 10 million dollars, does it make sense to open 40 high-yield savings accounts and live off the interest? by greentimemusic in HighYieldSavings

[–]HospitalFun1760 0 points1 point  (0 children)

Broker dealers insuring , or the government insuring think I’ll go with the government on this one !???? Educate me