This page is dedicated to going into detail these simple investments that will allow you to build wealth passively.
Certificate of Deposits (CD's): CD's are a time deposit, financial product commonly sold by banks, thrift institutions, and credit unions. CD's differ from savings accounts in that the CD has a specific, fixed term (often one, three, or six months, or one to five years) and usually, a fixed interest rate. The bank expects CD to be held until maturity, at which time they can be withdrawn and interest paid.
Use this sample calculator to run numbers of what your ROI (return on investment) could be.
College Savings Accounts:
There are multiple ways to set your children up for their college education. With tuition cost rising and student loan debt being at a whopping $1.56 Trillion it is never too early to get started with saving. Click the link for the free E-Book to decide which plan is best for you and your child(ren).
High Yield Savings:
A savings account that pays the account holder a higher-than-average interest rate.
If the average US savings account offers an interest rate of 1%, for example, then a high yield savings account might offer a 1.75% to 2% or higher interest rate.