I am going to sell one of my Mutual Funds, and I am going to use it to pay off my credit card. I have a low introductory rate at the moment, but it is going to jump to 18% soon and I think that it is alittle crazy to be paying all that interest to a bank. This will put me 300 down in my investments, but I am seeing that they really aren’t the way to generate money. Actually once I save 500 dollars, I plan on starting a DRIP with Pfizer. Apparently you can invest in a DRIP with only 500, and then I plan on adding to it each year. This will be a good start because Pfizer pays dividends to its shareholder, which I plan on reinvesting to buy more shares. It won’t be much at first but as my income increases, I’ll be able to pump more money into it.
