 What is the best no-risk way to make money? |
Additional Details
i have a job- now what do I do with my earnings?... |
|
 Money problems? |
| My wife and I have been having money trouble I think that I am making ok money but we keep getting behind on our bills. We cant get a mortgage because our credit isnt good enough. What are some ways ... |
|
 Has anyone heard of getting paid for doing online surveys? |
| Ihave found a site which promises that i can earn money online for companies that they provide the detials of the cost is 32 pounds for life membewrship payment is through world pay is this secure.... |
|
 Can I get a VA loan for a home w/horrible credit? |
My mother ruined my credit before I turned 18 and almost 10 yrs late and I am starting to realize how bad my credit truly is. Is it even possible?
Only legitimate answers please--if you ... |
|
 What would you do with $25,000? |
im 21yrs old, live at home with my parents, work to pay for my car and insurance, and am currently waiting to start the next college semester for my degree.
I've recently inherited $25... |
|
 I'm 15, and i'm trying to make a little extra money? |
I was wondering if there was anything like online, i could do to make REAL money, like surveys or something like that
please ... |
|
 I NEED TO EARN MONEY...IDEAS? |
I'm 16, and i'm in 4th year(ireland) 10th grade(USA)
i have like NO money and i need to earn some extra DOUGH! i have like 200 euro and i need to earn 600 euro for what i need to get! ... |
|
 Ways to raise $25,000-30,000$? |
Well,I have to pay that amount for damges I caused...anyways,besides working or robbing puts and etc. ,what can I do to raise money?
Additional Details
Plea,no stupid answers like ... |
|
 How to make money through internet? |
| how can i make money by internet without doing any thing ... |
|
 Is it impossible to get a loan because of your a age..? |
| me and my fiance are both 20 he is turning 21 soon.. we both have good credit scores... like both over 680 and he has a good job but i am a waitress and watch my neice during the day which we couldnt ... |
|
 Any good smart people out there know how to make quick cash? |
I need help making money. I live in CA. I just started college. Anyone know of any miscellaneous ways of making money?
I just need some pocket cash. And i will be getting a job which is pending ... |
|
|  |
jollor | Can you live off the interest of a million dollars? |
For example if you put one million dollars into some sort of account could you live off the interest from it.
Additional Details
For example if you put one million dollars into some sort of account could you live off the interest from it. By the way I don't have a million dollars. I wish I did though. |
 |
 
budget_master
 |
People who are telling you that interest rates for savings accounts is 2% are WRONG.
All of my savings accounts are at 4.5% or higher - and rates of 5% are available. Also, the rates on CDs are higher than savings accounts. You should be able to achieve basically risk-free investment of $1,000,000 at 5% without too much trouble.
That means your income would be about $50,000/year. So then the question is can you live for $50,000/year? It's certainly possible, but a better question might be would you WANT to live for $50,000/year. It depends a lot on where you live, if you have a family, what your interests are, and what you want out of life. |
|
C. Donahue
 |
Technically you could, but I don't know why you would. A Typical Saving account of over 100K would yield 2.1% or so. Making you a cool 21K a year. You are however better off investing a good portion of it. Also, you wouldn't ever put anything over 200K in saving account in a bank (FDIC). To live comfortably you'd need a yield of 5-9 percent depending on your lifestyle. So your better off investing in a mutual fund ect. |
|
once_known_as_big_almac
|
Depends on how you want to live! |
|
rickkritcher
 |
Oh for sure you can If you work your money Right interest a lone won't do it i DON'T think But It depends how old you are as well
good luck |
|
Big R
 |
Easily. You can put the money in a bond fund and earn a safe 6 percent. That's 60k per year. An ample income for most anyone.
But why are you worrying about it. Have you got a million? |
|
Steve B
 |
yes |
|
Thankyou4givengmeaheadache
 |
Depends on what the interest rate is.... |
|
skip
|
Budget Master makes a good point on the level of interest rates currently.
What you must also remember is that you will want to re-invest a portion of your income to beat inflation. So you will have less than $50,000 (if you invest at 5%) to live on.
I think what a million dollars would do is provide you with a nice retirement fund so that you can spend more money now and still have some in retirement. The point here is that you have to keep working until you reach retirement age. |
|
jpbofohio
|
If you were to draw 4% interest you would get $40,000 per year.
It is up to you if you could live on that. |
|
Drew
 |
No unless you are older and have medical insurance and a paid off house.
And hear is why. Most example above give the very true a low interest rate of 4-5% let use an example of 10% and look at the number and see what happens.
1,000,000 At 10% will earn 100,000 per year.
But look at what happens to this 100k and see what relay happens.
First off the man want him% best case that will be 25k but can go as high as 43% or 43k.
So now you have 75k but you must add to the nest egg to increase your net gain next year to compensate for inflation. to be honest if your are young and have to live off this for 30-50 years you must reinvest let say just 25k to reinvest that will leave you 50k at best and will be just over 4100 per month. can you live yes, but not very well.
Hope this gives some food for thought. |
|
Jimmy
|
Not really b/c interest rate is like 2% and thats about 20k$/yr ...I think if you lock up the million dollars in a CD you get like 3-4%, which is like 30k-40k/yr; however, you cannot take that out of the bank or you'll pay a penalty... |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
11 | 2 minutes(s) ago
| | | |
11 | 32 minutes(s) ago
| | | |
11 | 33 minutes(s) ago
| | | |
10 | 44 minutes(s) ago
| | | |
11 | 45 minutes(s) ago
| | | |
11 | 2 hour(s) ago
| | | |
11 | 4 hour(s) ago
| | | |
11 | 8 hour(s) ago
| | | |
11 | 2 day(s) ago
| | | |
11 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Personal Finance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
