Just keep putting more money into savings.
@Holland
Amex gives 4.25%.
Am I going to need it very soon? If not, I’d leave it.
If I likely won’t need it for the next few years, I’d consider QDTE and get paid weekly.
I’d buy as much SCHD as I can with it.
But this only applies to what you consider excess funds.
@Dariel
Can you spell out these acronyms, please?
Jonah said:
@Dariel
Can you spell out these acronyms, please?
They’re stock tickers. You can easily look them up on Yahoo Finance.
Jonah said:
@Dariel
Can you spell out these acronyms, please?
They’re stock tickers. You can easily look them up on Yahoo Finance.
Gotcha. Interesting ETFs. Thanks for the tip.
@Dariel
Just curious, why did you choose these ETFs in particular?
I would get an automated e-commerce store through an agency.
Storm said:
I would get an automated e-commerce store through an agency.
Scam.
I would make my money work for me through crypto mining. If I had about $5.5K, I would buy 2 KS5 20TH units. Currently, they would make me about $27 a day in pure passive income.
Griff said:
I would make my money work for me through crypto mining. If I had about $5.5K, I would buy 2 KS5 20TH units. Currently, they would make me about $27 a day in pure passive income.
How much does your electricity cost per day? Which coins do you mine?
@Flint
Most of the time, they don’t even hit ROI because they either release stronger and cheaper miners or the coins you can mine with those drop so hard in price because everyone does it.
If you want to lose money and hope for coins to pump at some point, you might as well gamble with an even better chance of winning.
@Amar
I don’t do crypto mining, so I’m not sure what this reply is for.
Flint said:
@Amar
I don’t do crypto mining, so I’m not sure what this reply is for.
I’m just trying to help people avoid making a mistake 
Flint said:
@Amar
I don’t do crypto mining, so I’m not sure what this reply is for.
I’m just trying to help people avoid making a mistake
Fair enough.
@Flint
For those 2 units, the electric costs $6.48 a day at $0.09, and the machines profit $13.50 a day after paying for the electric. This ASIC mines Kaspa.
Griff said:
@Flint
For those 2 units, the electric costs $6.48 a day at $0.09, and the machines profit $13.50 a day after paying for the electric. This ASIC mines Kaspa.
That means it will take over a year to break even. That’s okay as long as the profit holds up. I travel too much to do this. I would try it if I had a permanent base.
@Flint
Current break-even is 207 days at a $0.09 electric rate. You don’t have to run it yourself; most people don’t because these machines are very loud, hot, and require good cooling and a specific electrical setup. That’s why hosting is a great option that I recommend for people, and it makes crypto mining a much more passive way to earn 24/7.
@Griff
That makes more sense.
Flint said:
@Griff
That makes more sense.
Yeah, let me know if you have any questions. I’d be happy to jump on a quick call as well.