New To Investing/Passiave Income

New To Investing/Passiave Income

Member since 2019 · 9 posts · 1 vote

So I’m 21 years old in the navy and just passed my one year mark. I have about $30,000 saved up right now. About $20,000 in a money market savings @.80% and $3,000 in a cert @3.44% (max balance is $3,000). The rest is in my checkings. What are better option to use my money to earn money. Want to have it available in the next 4-5 years.

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  • Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
    6y
    Originally posted by @Mike Gotti:

    So I’m 21 years old in the navy and just passed my one year mark. I have about $30,000 saved up right now. About $20,000 in a money market savings @.80% and $3,000 in a cert @3.44% (max balance is $3,000). The rest is in my checkings. What are better option to use my money to earn money. Want to have it available in the next 4-5 years.

     Welcome aboard Mike. Majority of folks here will tell you to look into rental real estate.

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