Safest Way To Get Rich | What is a Certificate of Deposit (CDs)?

#certificateofdeposit #safeinvestment #investingforbeginners
When saving money, a certificate of deposit can be a great option. They are low-risk and offer a higher yield than a traditional savings account. But is a certificate of deposit the safest investment out there? Let’s take a closer look!
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[vandrex]

Lately being a 50 year old retired man living with my retired wife as well made me realize If we didn't practice good savings and passive income methods. We wouldn't have retired this early.

Safest way to get rich CD? Hmmn
It wasn't always this easy in life some time back in the past when we were in a bad spot financially.

I wouldn't have been able to buy my second house, give my wife a new car on her birthday as well and have a combined net worth of $3.6M. Shout-out to everyone working trying to build their dream life.

[warrensawyer-weje]

A CD is less investment and more savings. Best thing to is create a CD ladder. I purchase a one year CD every month. I'll spend anywhere from a 100 bucks to 500 depending on my current situation. When the CD matures i just continue it or increase the value. I use capital one, super easy. You can open as many as you want, one a month is 12, just keep adding on. They are safe, should be a small part of your overall portfolio.

[hinita]

Grate video but as an example you should have use a more common amount most people can aford to save. 500, 2500 or even 10000 as an ex would have better than 2million, which most dont have. Either way good video and nice, simple explanation!

[TheHerb]

Can anyone recommend any CDs that will pay you monthly?

[Eli-lxfq]

USAA offers a 5.0 percent cd for 15 months 😂

[lynnvo]

Hi, does a jumbo CDs lose principle? If you put too much funds in it? Also, if you abided to the term’s without early withdraw?

[TitusTBrown]

Can you send me a link to the website that you use to calculate and compare CD’s?

[thrashingmetal]

The rich gets richer.. that's the evil side of interest games

[LittleYellowRice]

I know there a lot rich people out there but 2.5 million in bank 😮

[thelegendarykevininsales]

What’s the minimum I should have to get into a CD?

[mr.ferguson]

I have a question, when opening a cd savings, will they let u deposit weekly into if you want ?

[guzzi]

Why are you not mentioning CD Laddering? I have a 4-CD ladder.. 6 mo. 12 mo. 18 mo. and 2 yr. When my 6 mo matures, I will turn it into a 2 year and so on.. As long as you don't need it, it is a win win situation!

[ryler]

What do you think of the navy federal cds?