Investing in a Brighter Future
The Easiest $300 I’ll Make This Year
Hello eco-conscious friends! I recently discovered a way to earn $300 in interest/year by using leverage and low interest rates. 🙂 For those who are interested in the details, here’s how it’s done.
- Step 1: Borrow $10,000 from the bank at 3% annual interest rate.
- Step 2: Download the online SolarShare purchase form.
- Step 3: Fill out the form with instructions to invest $10,000 in bonds that pay 6% annual interest.
- Step 4: Send the completed form back to SolarShare and start collecting net interest of $300/year. 🙂
That’s all there is to it. 🙂 Simple right? Once I made my decision to go for it the entire process only took about 30 minutes.
What I essentially did was borrow money at 3% to buy an investment that pays 6%. This means my net investment return is 3% pre tax. All the investment capital comes from someone else so I don’t have to spend a dime myself. This is the easiest way I know how to make $300, lol.
But of course just because this strategy works for me doesn’t mean it’s right for everyone else. So in today’s post I will discuss how my new investment works and why I chose to buy it. If you don’t yet believe in solar energy, maybe this post will help you warm up to the idea, haha. 😉 But please do additional research on your own and consult with a professional before making any financial decisions.
An investor who uses $10,000 of savings to buy these bonds would make the full 6% return since there would be no cost of debt. I didn’t use my savings for this investment because my money is earmarked to make another big purchase later this month.
Why Invest in Solar Energy
Sustainability is very important to me. This is because I love bacon, lobster, steak, sea bass, and all things delicious. Animals require a sustainable habitat to live and grow. But if there is too much pollution then entire ecosystems or farms where animals live could be destroyed. I simply cannot allow that happen.
So as you can see, investing in renewable energy is a matter that’s very close to my heart. 😆 And we are lucky here in Canada where we receive a decent amount of sunshine throughout the year, unlike some other parts of the world.
I had previously wrote about how to invest in renewable energy. Not only is it environmentally responsible, but it can also be quite profitable. My investment last year in Brookfield Renewable is now up by 12%, including dividends, which is not too shabby. 🙂 But this time I ventured into the world of alternative investments to directly invest in solar energy projects.