Saving & Investing with $200 a Month Available: Tier 1 Emergency Fund, Series I Bonds, Preferred Shares by Joshua King
English | 2022 | ISBN: N/A | ASIN: B0BJKLXSVS | 70 pages | EPUB | 2.67 Mb
Pat yourself on the back because you've achieved something remarkable. The ability to save and invest $200 a month is a rare achievement.
First, we want to start by building our Tier 1 emergency fund of $1,000. Once we complete this, we can continue to add $100 a month to our high-yield saving account.
We can use $50 of the remaining cash to invest in Series "I" Bonds. With the last $50, we can buy high-yield preferred shares.
We can add the dividends from our preferred shares to our Series "I" Bond investments. Now, our dividends are earning interest, which is how we become rich. Good Luck!
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