CD Ladder Investment – Rung #2 of 6
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As you may recall, my first short term goal is to create a CD Ladder investment worth #3,000 with the amount of dollars I can save or earn through this blog. This $3,000 investment would be made up of six $500 CD’s that have a 6-month term. Here is a link to my post CD Ladder investment – Rung #1.
As you can see in my savings account, I have accumulated enough to enter into my second $500 CD this month. Since I am planning on having one CD mature every month, I will need to make sure that I don’t duplicate the months that I already have covered.
Rung #1 – February and August
Rung #2 – June and December
The beauty of this CD ladder investment is if I don’t need the cash when the CD matures, it will automatically roll into another 6-month CD, effectively maturing at the end of the ladder….I will keep this cycle running as long as I can…
Onto Rung #3….
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Budgets are sexy said:
Wow, so you have been making some money on your blog so far? I’ve only made $4 in 4 months! haha…
i do turn down a lot of offers though, but good job if you’re starting to bring it in!
June 18th, 2008 at 2:09 pm
