Earning almost effortlessly

“The total amount of investments is equal to the total amount of savings” a simple macroeconomic theory says.  This assumes that all savings go to proper and formal economic channels and that they are not kept hidden in proverbial piggy banks. Unfortunately, not all undisposed incomes remain in economic circulation simply because many Filipinos prefer to have their unspent money within easy reach until the time they need easy cash. 
For ordinary Filipinos, savings are the means to respond to unexpected (yet anticipated simply because they are inevitable) emergencies and forthcoming financial obligations.  Savings are not usually used to create opportunities for greater and additional incomes.  Or if there are, they are unreasonably postponed until the amount of savings has reached a comfortable level where emergencies could easily be addressed when they actually occur.  To put it simply, Filipinos are more concerned with the rainy days rather than the simple yet potential opportunities to multiply their incomes.
For lack of better appreciation and knowledge where to put their savings into,average Filipinos keep their extra money in the bank – simply for safekeeping.  Even successful business personsdeposit their earnings in the bank – again, for safekeeping, until such time that they need some cash either for business expansion or for ordinary personal or household spending. 
If you cannot yet afford to set up your business with the savings that you have, putting your savings in the right place and at right time provides opportunities for you and your family to realize additional income without unnecessarily compromising your ability to meet emergencies and financial obligations later on. 
People should change their mindset a bit such that their extra, undisposed money could be called “investments” rather than mere “savings”.  No matter how big or small they could be, these monies should generate additional incomes.  Even in banks, there is a menu of options where to park one’s savings – in addition to the usual savings account.  Among these are:
Checking accounts – they are usually meant for transactions, not real savings. Given this, there is a notion that they don’t pay much interest. However, some commercial banks – especially the universal banks – combine the conveniences of checking account with the return of a money market account.  Hence, you have convenience, access and earnings rolled into one.
High-yield bank accounts – they are rare to find in sub-urban places but if you can find them, their main feature is that they offer flexibility and liquidity where you could easily manage your deposits and withdrawals anywhere and anytime.
Money market deposit accounts – they are offered by banks.  They require a minimum balance and permit a limited number of transactions per month.  However, the interest you earn is far higher than the pittance in savings accounts.
Money market funds – these are normally offered by brokerages and mutual fund entities or families. The returns on money market funds are typically higher than the return on money market accounts.
Certificates of depositand time deposits – these are debt instruments with a specific maturity, which can be anywhere from three months to 60 months. Depending on how long it is to maturity, CDs or time deposits may pay more than money markets.
Government bills or notes -Treasuries are considered the safest investments in the world.
Of course, there are more high yielding investments where you could put your money into such as real estate investments or mutual funds.
The choice where to park your money depends on your personal need for cash at any given time, the amount of risk you could take, and you personal lifestyle.  It’s your personal choice.