Sunday, March 28, 2010

How Pocket change can turn into Cash gains

 Hip Hop Entrepreneurs need to Invest at all times.

 Everyday simple:

We are almost living in a cashless society so this may be more beneficial to those who still utilize cash more than others.

There are times where it’s better to use cash rather than credit/debt cards so ultimately we will always have coins left over.  Most people who do save loss coins do not use them for investing.  They rather use their loss coins for making smaller purchase.  Always remember when you make a purchase you’re investing into someone other than yourself.

Steps to make loss change work for you

1.    Try not to lose you loss change in couches, car seats, and sidewalks.
2.    Keep a container for you loss change in you car and one in your home.
3.    Save your loss change in 6 month increments then deposit it in a bank security like a Certificate of Deposit or Roth IRA.  Depositing ever 6 months is more as a retraining method than a method to earn more.  The APY on CDs does return much during these economic time; none the less, you will earn more the more you make deposit.

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