Since I’m cash-strapped for the next few years, I’m looking for ways (legally, semi-legal, other) to make money.
Let’s see: HELOC is at Prime – 0.76%, currently 4.24%. So I can:
- Take $25,000 from HELOC.
- Invest in FDIC-insured WaMu CD for 12 months at 5.00%.
- Profit until the fourth 0.25% rate hike, which should be at least a year.
Make $190, give or take, risk free if nothing changes.
Hmmm, maybe I should make that $50K. In the form of my new motto: WWTD? (What Would Tyler Do?)