Most of us aren’t born rich. Those of us who didn’t inherit millions can still take steps to build wealth.
We have more options today than our parents ever did. For example, we can get price comparisons in a flash thanks to the Internet – and the money we save can go toward wealth-building.
If we want to diversify our portfolios, there are plenty of creative (and safe) ways to invest. That’s true even if we’re just starting out in life or nearing retirement.
Use the following tools to build your wealth at any age.
1. Diversify your wealth with gold
Putting all your money in one place – stocks, bonds, crypto, whatever – is a recipe for losing wealth, not building it. Diversification is key to financial security. Here’s an easy way to start: Buy gold and/or other precious metals from Goldco.
Goldco offers just about everything, from precious metal IRAs to direct purchases of precious metal coins and bars.
Goldco has been around for more than a decade and has been recommended by celebrities like actor Chuck Norris and even former presidential candidate Ron Paul.
They have an A+ BBB Rating, AAA Rating from Business Consumers Alliance and 4.8 to 5 stars on Trustpilot, Trustlink, Google Reviews and Consumer Affairs.
You’ll even receive up to $10,000 in free silver on qualified purchases.
Maybe gold is right for you; maybe it isn’t. But if you’ve ever wondered, why not take a quick look? Click here right now and get your free information kit..
2. Protect your home from unexpected costly repairs
Home repairs aren’t cheap. Whether it’s a leaky roof or a broken appliance, your home can quickly become a nightmare and cost you hundreds or even thousands of dollars to fix.
But you don’t have to worry. Luckily, with a company called America's 1st Choice Home Club, you can safeguard yourself against giant repair bills. From home appliances to electrical, plumbing, heating and cooling systems, it can all be protected.
Plus, their in-house service team is available 24/7 to help and ensure a hassle-free repair process if anything goes wrong. You can even choose your own technician, or they can send you one from their nationwide network if you don’t have someone in mind.
All over America, homeowners are choosing AFC Home Club for the savings, service and peace of mind that it delivers.
Stop worrying about household breakdowns, and get a free quote in 30 seconds.
3. Save $500 a year on car insurance
Auto insurance is a must. You know what isn’t a must? Paying too much for coverage.
Luckily, with a comparison site called QuoteWizard, you can get a better deal in just minutes.
QuoteWizard is one of the largest online marketplaces for insurance in the United States. You simply answer some questions about yourself and your driving record, and QuoteWizard will compare prices from more than 80 insurance providers and send you the top deals.
According to QuoteWizard, you’ll save up to $500 a year. Plus, it’s free to use, and it just takes two minutes to get your new rate.
Imagine what you could do with an extra $500 every year in your budget. Emergency fund? Extra payment against your mortgage? Retirement planning? It’s your call. Point is, those are dollars that are now working for you instead of for someone else.
Don’t overpay for car insurance. Enter your ZIP code here to get started.
4. Protect and secure your retirement savings
Pensions are a lot less common these days, and nobody can really live comfortably on Social Security payments. In terms of retirement planning, you’re pretty much on your own.
Not sure where to get started, or whether you’re doing it right? SmartAsset’s free financial adviser matching tool can help. In just a few minutes you can be matched with a trio of local fiduciaries, or financial advisers who are legally required to put your best interests first.
Not making much money in your starter job? That doesn’t matter as much as you think, because compound interest is your friend. The fiduciary will help you create a workable budget that lets you contribute as much as you can (while still having a life!) and will point out the best investment options for long-term growth.
Getting a late start saving for retirement? All the more reason to get expert advice! A skilled financial planner can help you maximize your investment dollars. As they say, the best time to start saving for retirement was 10 years ago. The second-best time is today.
Find a money expert to help you achieve your retirement goals. Get matched in minutes.
5. Don’t waste thousands on car breakdowns
As a nation, we’re hanging on to our cars a lot longer: The average U.S. vehicle is now 12.1 years old. Trouble is, most of the big-ticket auto repairs happen long after the warranty has expired.
Driving your car until the wheels fall off = no car payment, and more money to invest. Paying out thousands in car repairs every year = less money to invest. Fortunately, you can get great coverage for repairs with Endurance.
Endurance sells vehicle service contracts, which are similar to auto warranties. They’ll cover your ride up until it’s 20 years old. Think of it as up to eight more years without a car payment, which is pretty great given that the average new car loan is over $710 a month.
You can choose from among six different plans. All of them include 24/7 roadside assistance, a rental car allowance, and a free year’s worth of the Elite Benefits program (which has features key fob replacement, a collision discount, complete tire coverage and a $1,000 payment if your vehicle is declared a total loss.
Endurance has more than 350,000 ASE-certified repair facilities on speed-dial. Repairs are paid for upfront, which means the only thing you need to cover is the deductible.
Protect yourself from costly auto repairs. Get your fast, free quote today.
6. Pay off $30,000 in credit card debt fast
It’s tough to build wealth when you’re paying double-digit interest. Here’s a not-so-fun fact: Between 2018 and 2020, U.S. residents forked over about $120 billion annually in credit card interest and fees.
Want to start earning interest, rather than paying it? Freedom Financial Network can show you the way. Two common solutions are debt consolidation and debt relief.
With consolidation, Freedom Financial combines what you owe into a single, fixed-rate loan. If your situation calls for debt relief, Freedom Financial will negotiate with your creditors to reduce what you owe. No matter which option you choose, you’ll get a thorough financial assessment and a personalized plan. You’ll pay less interest overall and be able to get back on track financially.
Debt happens, but it can be defeated. Get your free, no-obligation consultation now.
7. Don’t overpay when you shop online
We all need stuff. What we don’t need is to overspend on that stuff. Capital One Shopping can help us get the things we need (and want) without busting the budget.
This free browser tool exists to help find discounted prices from more than 30,000 retailers. Capital One Shopping doesn’t just compare the basic numbers, though. It also searches for online coupon codes and considers things like shipping costs and membership pricing when determining the top deals available for you.
Did we mention the rewards? Every time you buy through Capital One Shopping at partner retailers, you earn rewards that can be redeemed for gift cards. Talk about stretching a dollar!
Think of it: The less money you spend, the more is left to invest. Download Capital One Shopping now and start saving.
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8. Earn monthly income with real estate
Real estate has long been a path to wealth. But you need to be wealthy to get started, right?
Wrong. For as little as $10, Fundrise can get you started on that path to potential riches. In the way that stockholders buy pieces of a company, Fundrise lets you buy into real estate properties.
On average, Fundrise investors earned a 25% increase within three years; if they held on for five years, that increase was more than 50%. In effect, you’re a landlord without having to do things like run background checks or serve eviction notices.
People are always going to need a place to live – and recent rent jumps make real estate investing much more profitable. Apartment prices went up almost 18% in 2021, according to data from Harvard’s Joint Center for Housing Studies.
Take two minutes, sign up with Fundrise, and watch your money grow.
9. Invest in famous artworks collected by the ultra-rich
In the movies, the international art world looks like a cabal of obscenely rich people dropping millions on works by famous artists. These days, however, you don’t need millions to invest. You just need to join Masterworks.
The company brings everyday people into the exciting and potentially profitable world of art investing, right there with the filthy-rich folks like Oprah Winfrey and Bill Gates. For as little as $20, you can buy a “slice” of a blue-chip artwork by well-known artists such as Picasso, Monet and Banksy.
Masterworks holds these pieces for three to seven years. If you decide to get out sooner, it’s possible to sell your slices on a secondary market. But you might want to stay the course: Masterworks outperforms the S&P 500, returning 14% over the past 15 years.
Not that you’re limited to 14% returns, mind you. These works can balloon in value. For example, a painting by neo-Expressionist Jean-Michel Basquiat that sold for $20,900 in the 1980s went for $110,487,500 in 2017.
Invest in fine art like the ultra-wealthy. Skip the waitlist and join now.
10. Join 1+ million Americans banking $1,000 extra every year
What if we told you there’s a way to invest at least an extra $1,000 every year without having to work overtime to get the money?
There is: It’s called the Money Talks Newsletter, and it’s free. Our more than one million subscribers report saving an average of $991.20 annually, thanks to our news and advice.
The Money Talks Newsletter takes up maybe five minutes of your day. Our tips are designed to make you smarter and wealthier, not to bore you to tears.
Think what an extra $1,000 a year could do for the bottom line. Sign up for the free Money Talks Newsletter, and grow your wealth that much faster.