Hey everyone! I know I talked about MyConstant last month, but I wanted to get on and do another update!
In the past month, my $50.25 investment matured, pocketing me another quarter, and I also earned $0.12 in interest on my Flex balance since my last update. That's $0.37 cents in a month with no effort. It's not much, but it does add up! 37 cents a month is over $4 per year, and that's not even including the fact that the interest compounds continually, meaning my balance is constantly growing, and the fact that I also have a 6 month investment that won't mature until October, giving me a couple more dollars at that time. Since I joined MyConstant back in March, I've made just over $20 in profit on $115 of my own money. That's HUGE!
MyConstant also updates constantly! Last month, they offered Crypto Futures, where you could bet on whether certain cryptocoins were going to increase or decrease within a given time period, and if you were correct, you could make a really nice profit. I played a couple times, never betting more than $5, and made about $10 in profit from that! Unfortunately, Futures is not currently available in the United States, but I'm hoping it'll come back soon.
They've also added two more features in the past month: Budget and Chat.
In the Budget tab, you can link your bank accounts and keep track of your money flow. I did connect one of my accounts, but since I like to use Excel to budget, it's not the best fit for me. But if you're the kind of person who doesn't like to make budgeting spreadsheets, you might really like this! The layout is super nice, like everything with MC, and I like the way they break everything down to show you what's happening with your money.
Chat is just that- a public chat! You can chat with other MC members and reach out to the admin for questions you may have about your account, what's happening with MC, or anything else you'd like! Even if I don't have anything to say, I like to check into the chat at least once a day and see what others are saying. There's also quizzes that sometimes pop up in the chat that let you earn more membership points to upgrade your account.
Another exciting update from MC this month is that they increased the interest rate on longer-term investments! A 3 month investment went from 6.5% to 7%, and the 6 month investment went from 7% to 9%! On my initial $50 that I'm re-investing every 6 months, that's an extra $1 per year, even before adding my interest back to the principal.
A final update in the works is that MC is looking to bring back ACH deposits. The bank that I use to fund my MC account unfortunately makes wire transfers very difficult, so I can't wait for ACH to come back so that I can add more money to my account and grow my money even faster! I definitely want to add at least 1-2 more 6-month investments this year.
I really like using MyConstant, and I like the fact that they're always updating and adding more features for their users. If you want to check them out, you can sign up at this link, and you'll get some money as a promo balance, which you will receive the 4% Flex interest rate!
Thanks for reading, and I'll be back next week with my end of June update! Jayme