October 4, 2021
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Here’s the link to the YouTube playlist where you can see my entire “How to Make Passive Income” eCourse for FREE
In this video, you’re going to learn a surprisingly simple strategy to supercharge your investing… that can boost your net wealth and make millions of dollars of difference over time.
This the third video, in my free e-course on “How to Make Passive Income” so if you haven’t seen the first two videos, I encourage you to check those out at the link above.
Remember the story of the goose that laid the golden eggs?
The next step in your journey to creating massive passive income and financial freedom is to start getting the Golden Goose model of investing working for you.
This is where you invest some of your money into assets where your money is working FOR you instead of you always working for money.
Eventually, you want to grow a big enough golden goose that you can live off the golden eggs.
Even if you’re just getting started, I still encourage you to grow your Golden Goose while also using the strategies you’re going to learn in this course that don’t require a lot of money.
This helps you lay a firm foundation for financial freedom and creating wealth.
So your mission, should you choose to accept it, is to set up a special savings account JUST for investing.
You’re not going to make much passive income from a savings account, but the goal isn’t to leave the money in there and make a tiny bit of interest.
Having a separate account like this is going to make it a LOT easier to implement some of the ninja strategies you’re going to learn in this course to super-charge your investing!
The purpose of this account is to allow you to temporarily park money there that’s on its way to being invested in other things without accidentally spending it on something else.
When most people think about money, they think about it as one subject, but actually there are two very different worlds of money with different rules.
There’s the MAKE Money World where you’re working for money. You take some of your time, creativity and energy to provide value for someone else, and they give you money.
And then there’s the GROW Money World where your money is working hard FOR you.
So the #1 secret to super charge your investing is to TRANSFER money from the Make Money World to the Grow Money World, and this special savings account makes it very easy to do that.
Any separate account will work, but ideally this should be a high-yield savings account or money market account because these accounts pay 25-50 times as much as a regular savings account at a big bank, and you may as well maximize the passive income you get in interest while the money is in your account.
Once you have this savings account set up for investing, here are some hot tips for how to use this strategy to supercharge your investing by transferring more money to the Grow Money World:
1. Set up an automatic transfer to your investment account
2. When you save money on a monthly expense, add the amount you saved to your auto-transfer amount
3. Make a note to transfer any money you unexpectedly save or decide to save
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My Favorite High-Yield Savings Accounts in the United States Right Now:
1. Yotta Savings*
*Yotta Savings works on a “game-like” system that pays you a base interest rate of 0.2% FDIC insured through Evolve Bank… along with a weekly lottery ticket for every $25 you save, entering you to win prizes - all the way up to $10 MILLION dollars. Use code “PENELOPEJANE” for 100 extra tickets in next week’s lottery.
2. Alliant Credit Union
3. Vio Bank
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NOTE: Penelope Jane Smith will receive an affiliate commission or referral bonus from some of the links and other products that appear in this video. Penelope Jane Smith is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
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