Making Money and Yet Staying Liquid
As marketers, it is utterly important that we stay liquid in order to proactively look out for potential businesses or ventures that we can invest in. Imagine if all your money is in the form of shares or gold. It will take time to convert these into cash.
Imagine yourself needing the money to pay for a very good deal or investment and you have only 48 hours to do so. Imagine yourself needing to pay your creditors for services they have rendered and you totally forgotten about it. I cannot stress more that marketers should have a substantial sum of money in liquid form for that “rainy” and sunny day.
Among some of the ways to stay liquid if by keeping your money in the form of fixed deposits or cash savings. I’ve just learned that AmTrust Direct Bank is offering a 5.25% Annual Percentage Yield for it’s savings account. That’s quite a high interest yielding percentage for a savings account. Of course, you should scout around and inquire at banks. Better still, get your financial consultant to keep a lookout for you. You never know when a great deal would appear knocking at your door.