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Showing posts from July, 2020

Passive income

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Without further ado... A couple of days ago I had a revelation. Here goes. We have a local bank here in the country where I live. It's been out there for quite a while, and I am one of their clients and kind of a fan. They are offering quite lucrative deposit accounts in the local currency. I have a couple with some small money on them. Let's say that their yearly interest minus taxes is comparable to earnings from other types of investment. Just for fun, I calculated how much I should deposit on such an account with this bank to make what I make as an employee per month.