I was at the bank the other day and it was brought to my attention, that I have so much sitting in savings atm (40k) that I should be making money off of it.
I don't have any plans for it and I won't be using it or needing it anytime soon. It makes sense to invest it into something. Although I really have no clue as to where to start or how to do it the best.
My bank offered information on their CD rates, and I mentioned it to a family member I know who has done it before and they mentioned index funds.
I'm a total finance noob and I really don't know what do to.
I work over 70 hours a week and make $35 an hour, I currently only have a car payment, cell phone bill, and groceries to pay for. I'm in a good spot financially I would say, just looking for the best options and maybe a simplified explanation and advice to better make money with my money that is just sitting.
Any advice or education would be much appreciated!
Submitted April 04, 2018 at 05:51AM by sompter https://ift.tt/2JgK7Be
