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Free money

March 1st, 2007 at 05:29 pm

I just totaled up the interest that I earned on savings (money market, checking and a c.d.) and it totals to $2242.58.
That was what I earned for the month of february. wow, free money!!

Posted in saving | 7 Comments »

7 Responses to “Free money”

  1. littlemama Says:
    March 1st, 2007 at 05:39 pm 1172770761
    1172770761

    Wow! That's impressive.

  2. orchid Says:
    March 1st, 2007 at 05:52 pm 1172771541
    1172771541

    nice!!!

  3. dickyvman Says:
    March 1st, 2007 at 05:59 pm 1172771993
    1172771993

    Again I told you ImaSaver, that you probably have way too much in readily available cash if you are hauling in $2242 a month in interest! Put some more in stocks and create other diversifiable investments that will help guard against inflation.

  4. fairy74 Says:
    March 1st, 2007 at 07:09 pm 1172776165
    1172776165

    Go Ima!!! Smile You inspire me all the time, I think we earned $500.00 in intrest in February, but maybe one day we'll make it to that level...Kudos

  5. Ima saver Says:
    March 1st, 2007 at 10:01 pm 1172786474
    1172786474

    Dicky, we have to use a lot of cash to buy land and build houses. We don't borrow from the bank. We do have several mutual funds and stocks! When I start a new house, my interest will drop way down.

  6. Mary Ann Says:
    March 2nd, 2007 at 02:17 am 1172801844
    1172801844

    That is great!!! Your messages are so encouraging. Keep posting.

  7. Aleta Says:
    March 2nd, 2007 at 05:38 pm 1172857129
    1172857129

    I was reading Your Money or Your Life by Joe Dominguez and that was one of the biggies that he was talking about. He said to build a Capital Fund that would generate an income for you and in time you would be able to live off of the income alone. In your case, you're using it to build houses which gives you income. You're smart to be your own bank. I really did enjoy that book. He believes that you should try to preserve your capital as much as possible.

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