The last time we spoke, I talked about buying part of a song to become a recipient of its royalties and why this is a bad idea.

Continuing with the theme of strange investments, I’m going to tell you about another odd practice that some folks will do to earn extra cash.

I want to clarify that this is not something you should do, nor am I promoting it at all. Any investment decisions are made with a financial advisor – or heavily, heavily researched if you’re a DIY-er.

With that out of the way, let’s get to it!

One interesting investment idea involves signing up for a bank account just to claim the rewards offered by them. Bonuses like iPads, to straight-up cash have been observed in previous promotions.

To do this, you essentially need to sign up for the account and complete some milestone, like having $4000 direct deposited to the account, and then the gift is yours.

People will hop from bank to bank, collecting these rewards like it’s their job! The amount of time and effort involved is just not worth the hassle for essentially gaming the system.

There’s logically no need to resort to underhanded means to ensure your financial stability. Chances are, you’ve got more money than you think you do. Working with a financial advisor can help you figure out the best and most efficient way to create a plan for your future.

Call 513-563-PLAN (7526) or click here to book a 15-minute call with one of our advisors today.

Regards,
Nikki Earley, CFP®