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How to make my money work for me. (alien.top)

submitted 11 months ago by yourdudesam@alien.top to c/entrepreneur@indiehackers.space

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I'm a freelancer and on an average I save $200 to $1k each month. I don't want my money to just sit in the bank. Instead i want it to help me make more.

As Robert says: Make your money work for you.

How can I do so?

2 things I am not interested in for my money.

#1 I don't wan't to start another business using my money as it will require my TIME and ENERGY, along with the money. I want to spend all of my time nd energy just on Freelancing.

#2 I am not interested in Stocks/Crypto etc. As imo, the risk of losing money in these things is more than earning. I think if I will be successful in crypto/stocks if I give it proper time to study. Then again time is something I'm struggling with.

Is there something else I can use my money to generate a good ROI without spending my energies and time?

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[–] lepowski@alien.top 1 points 11 months ago

Put it into a high yield savings account, they are yielding 4-5% right now, at least until you come up with something else you’d like to use it for.