Saturday, September 16, 2023

Savings Accounts

 


I have 2 savings accounts, one with Ally and one with Marcus.  My Ally account is paying 4.25% and my Marcus account just sent an email stating that the rate was raised to 4.40%. I remember when I opened my Ally account and I THINK it was paying 0.6%.  It has increased 7X since I opened it!

My Ally account has over $16,000 in it and I earn approximately $57 a month.  

My Marcus account has over $38,000 in it and I earn approximately $135 a month. 

That's almost $200 a month in passive income!!!! 

I want to find additional ways to increase my passive income.  I want to make money while I sleep!

I only have my savings accounts, my brokerage account and my retirement accounts as passive income. 

What do you do to earn passive income?  Comment below! 




Final Update on 2025 Goals!

  1. Pay mortgage down to under $120k. I currently owe just over $135k I am paying an extra $500 a month on my mortgage. I also hope to get ...