Personal Finance

Just Pile Up Money, and Go Do It

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Just Pile Up Money, and Go Do It
When saving up for a big purchase, the vast majority of funds will come from you putting money into your account. RetroClipArt/Shutterstock
Dave Ramsey
|Updated:

Dear Dave,

I plan to buy another investment property with cash in the next year or two. Currently, I have $83,000 sitting in a high-yield savings account at 4 percent interest. My goal is to save another $50,000 to $70,000 in the upcoming months. Right now, 4 percent is good, but I want to make sure I’m maximizing my returns. Should I be doing something else with the money?

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Dave Ramsey
Dave Ramsey
Author
Dave Ramsey is CEO of Ramsey Solutions, host of "The Dave Ramsey Show," and author of best-sellers including “The Total Money Makeover.” Follow Dave at DaveRamsey.com and on Twitter @DaveRamsey.
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