Let Your Refund Work For You

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It’s tax time again. Here’s a reminder on a way to hold onto your lump sum and put it to work for you. Consider rolling your tax refund or a portion of into a CD (certificate of deposit). You can then use your CD as collateral to borrow money short term. Or in other words borrow from yourself while the CD continues to accrue interest. Check with your bank or credit union for their CD loan policies. Some banks allow you to borrow 80% of the value and some credit unions allow you to borrow 100%. The bonus of a CD loan is that some banking institutions do not require a credit check nor is the loan reflected on your credit. When you’re done paying back the short term loan, (walla) you’ll still have you’re money. Try this for home projects, vacations or tuition.

Think and do activities that demonstrate your freedom.

This has been our money kingdom financial perspective.

May I AM THAT I AM GOD prosper you.

‪#‎MKFP‬

Let Your Refund Work For You