We are now able to make easy money from home and our strategy could not be more simple.
We talked earlier about how the rich get richer and that it takes money to make money. It is easy to grow wealth for those who have this kind of head start. So how do the rest of us compete?
We also boasted that we don't have to be rich to be rich. Huh?
The rich can make easy money from home, from their office, while they're on vacation, from anywhere, and all the time, by simply earning passive interest income.
We do the exact same thing without actually being rich. We stuff our bank accounts full of cash so that we too can begin earning passive interest income.
Once we're done, our bank accounts look just like those of the rich: $95,000 in each of 3 separate high yield bank accounts, another $75,000 in a 4th high-yielding account. Etc, etc. We're rich! Or at least we appear to be. And we've now enabled ourselves to start making easy money from home, while at work, wherever we might be, through the magic of passive interest income...just like the rich.
And where exactly do we get this cash to fill our bank accounts?
I apologize that it is this simple, but...
WE SIMPLY BORROW IT!
Show Me Their Money!...
We simply borrow money at the lowest rate possible (namely 0% interest) and then park that borrowed money in accounts that will pay us at a rate well above that. The higher the spread between the rate at which we borrow and the rate at which we invest, the higher the margin and our profits will be.
This simple formula is how banks and lenders make money (at least it was in the good old days when banking was simple and transparent and didn't rely on derivatives and all the things that have put the banking industry in so much trouble today...but I digress).
We choose to ONLY invest our borrowed money in accounts which are 100% safe, guaranteed, and completely liquid (namely high yield checking and savings accounts). In this way, we take all risk completely out of the equation and have the money instantly available to us.
NO risk and LOTS of reward.
We're not yet rich so we'll just be the next best thing...
credit card rich!
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