As an entrepreneur, my focus has been on diversifying my sources of passive income. I’ve achieved this through various means, including introducing new products and services to my business and affiliating with brands. Additionally, I’ve explored passive income opportunities in my financial portfolio, particularly by utilising interest-generating savings accounts and CDs. During the pandemic, I strategically moved my funds between these accounts to capitalise on the best interest rates available, resulting in significant passive income gains. I’ve employed this strategy in several scenarios: when high-yield savings account rates decreased, when CDs matured, when I had surplus cash, and when I needed liquidity for new investment opportunities. Overall, this approach has yielded me substantial returns over the past few years.
https://www.businessinsider.com/moving-money-between-savings-accounts-cds-2024-04?r=US&IR=T
