T. has developed a rather interesting short term earning project which I have decided to use myself. For the past two years she has taken advantage of credit card offers for 0% loans and balance transfers to set up interest earning cd accounts with her credit union. The first one she worked was for $20,000 at 4.75% for six months. She paid the credit card its monthly charge and collected the interest on the money from her cd. A cool $950 before taxes. Then she did a balance transfer for $6000 for 13 months at 0% that she turned into a personal loan to her sister at 3.5% for the same time period. Another $210 in profit. This year she started with a 27,500 loan at 1.9% for 6 months which she was able to bank at 5.1%. That’s another $850 and on top of that she was able to do another balance transfer for 21,000 at 0% for 13 months so that when she pays back the remainder of the original amount of 27,500 (approx. $4000) she will have continued to earn money on OPM for 19 months. Since she has investment property tax write-offs available, she figures all of the earnings will be tax free. And of course, she has rolled the earnings into short term cds, too.