$10,000 EIDL GRANT

Discussion in 'Ask An Owner Operator' started by Scooter Jones, Apr 3, 2020.

  1. Linte_Loco

    Linte_Loco Road Train Member

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    I am smarter than them. I didn’t need it to survive, but it would help. Basically tithe money is sitting there. If I can keep it, then great. If not, zero harm for me. I’ve paid taxes for 35 years. F em
     
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  3. snowwy

    snowwy Road Train Member

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    Maybe.
     
  4. Wespipes

    Wespipes Road Train Member

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    Ya personally I don't like the guy one bit. But he did well in explaining the lawsuit
     
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  5. HopeOverMope

    HopeOverMope Road Train Member

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    Hey... what type of CD is this? Most CD’s I know are like 2-4% ... 2% of $15,000 is $300. Or am I not doing my math right? I’ve never done a CD before.
     
    Last edited: May 2, 2020
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  6. Scooter Jones

    Scooter Jones Road Train Member

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    In order to earn 6k on a 15k 2 year CD, the interest rate would have to be around 18.5%

    I too am hoping @Linte_Loco will let me in on this ;-)
     
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  7. HopeOverMope

    HopeOverMope Road Train Member

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    Yes me too!!!! I read this and instantly starting putting an early retirement plan in place!!!!

    Because even good ETF strategies will be at maybe 5-10% annual growth... maybe there’s some crazy compounding interest thing I don’t know about
     
  8. Linte_Loco

    Linte_Loco Road Train Member

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    12 Best CD Rates for May 2020 - NerdWallet Just shop around
     
  9. Oscar the KW

    Oscar the KW Going Tarpless

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    I think you need to retake a math class. I didn’t see anything in that link you provided that would come close to even a 1/4 of what you said you could make on $15,000 in a cd. If that was possible everyone would invest their money in cd’s and not waste time with the volatility of the stock market.
     
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  10. Scooter Jones

    Scooter Jones Road Train Member

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    Wait a minute, the link I provided was to demonstrate that there is no way a person can earn an 18.5% return rate on a CD right now ;-)
     
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