No matter how much or how little you have in savings, you should always be on the lookout for smart, little-known ways to grow your nest egg. After all, you can never have too much money, am I right?
Well, if that’s you, you’re in luck, because we’ve unearthed surprisingly simple, yet incredibly effective, strategies that’ll have you pocketing a bit more cash every month, without disrupting your current lifestyle one bit.
No extreme budgeting required here. Just a few under-the-radar tweaks that’ll have your bank account looking healthier.
Not all these tips may work for you, but some of them will, so make sure to read them all.
1. Don’t put all your eggs in one basket
If a large part of your savings is in the stock market — as it should be — you’re well aware that what goes up can also go down. You can’t control the market, but you can hedge against uncertainty by having other forms of wealth.
One of the best ways to protect your savings is diversification. Keep money in different types of investments, ideally ones that go up when others are going down. For example, stocks tend to do poorly when inflation and interest rates are rising and there’s political turmoil brewing.
But there’s one investment that thrives in this scenario: gold.
Be careful who you deal with, though. Lots of companies in the gold business are pretty shady and won’t hesitate to sell you gold and silver at vastly inflated prices.
Goldco, on the other hand, has an A+ rating from the Better Business Bureau, an AAA rating from Business Consumer Alliance, and 4.8 to 5 stars on Trustpilot, TrustLink, Google reviews and ConsumerAffairs. They offer just about everything, from precious-metal IRAs to gold coins and gold bars.
You’ll even receive up to $10,000 in free silver on qualified purchases. If you’ve ever thought about investing in gold, why not take a look?
2. Get a second set of expert eyes
To properly manage your money, work with a professional — it’s totally worth it. If you’re not doing this, you could be missing out on some serious financial gains.
A Vanguard study found that, on average, a hypothetical $500,000 investment over 25 years would grow to $1.7 million if you manage it yourself, but more than $3.4 million if you work with a financial advisor. That’s twice as much!
If you’ve got at least $100,000 in investments, check out a free service called SmartAsset. You fill out a short questionnaire and instantly get matched with up to three vetted financial advisors in your area, all legally bound to work in your best interests.
Even if you don’t want help picking investments, an advisor can help lower your tax burden, create a comprehensive financial plan, maximize your Social Security, help with estate planning and making sure you’re on the right track. They can also be there in case one day, you’re not.
Using SmartAsset only takes a few minutes, and in many cases you’ll be offered a free consultation.
Nothing to lose and lots to potentially gain. Take a minute and check it out right now!
Please carefully review the methodologies employed in the Vanguard white paper, “Putting a value on your value: Quantifying Vanguard Advisor’s Alpha.”
3. Have this company pay off your credit card debt
In a perfect world, we’d never buy more than we could pay off each month. But marketing experts know how to make us want things — electronics, designer clothes and accessories, etc.
No need to save up for it, either: Flash a credit card and you can get this stuff right now! Trouble is, credit card balances can quickly grow into debt that could take a decade to repay.
Fortunately, a company like Freedom Debt Relief can help get you back on track in as little as 24 to 48 months — and save you thousands and thousands of dollars in interest. And it costs nothing to sign up.
A specialist will review your situation, then help you decide the best way to fix it. That could be consolidation (combining all your debt into a single loan with a lower interest rate than your credit cards) or debt relief (negotiating to have some of the balance forgiven by your creditors).
The company has an A+ rating with the Better Business Bureau and has helped over 900,000 clients.
Start your journey to a debt-free life: Get a free, no-risk consultation today.
4. Get the safety of guaranteed return along with the upside of stocks
Are you tired of playing it safe with your investments, missing out on potential market gains? Or perhaps you’ve been burned by volatile stocks before, and the idea of losing your hard-earned money keeps you up at night.
Introducing Save's Market+ program – a unique investment opportunity that combines the best of both worlds: a guaranteed annual return and the potential for even greater gains through stock market exposure.
Here’s how it works:
💰 Your principal investment is guaranteed, so you’ll never lose a penny of your initial investment.
📈 You’ll earn a fixed 3% annual return, no matter how the market performs.
🚀 Plus, you’ll also benefit from any market upside based on an S&P 500 linked portfolio, allowing you to capitalize on stock market growth.
🔥 This combination of guaranteed and market linked returns has a total variable APY of 9.24%.
Signing up is easy:
👤 Provide some brief information and open an account.
💸 Fund your Market Plus account with your desired investment amount.
🕰️ Sit back, relax, and watch your money grow steadily while enjoying potential market-linked gains.
Don’t miss out on this opportunity to have your cake and eat it too. Invest with confidence and reap the rewards of both guaranteed returns and market upside with Save's Market Plus program.
5. Invest in real estate for $10
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. Fundrise lets you buy into real estate properties the same way stocks let you buy into companies.
In effect, you’re a landlord without having to run background checks or serve eviction notices. While not a guarantee of future results, Fundrise investors have earned an average of 25% within three years; if they held on for five years, the increase was more than 50%.
People are always going to need a place to live — and recent rent jumps make real estate investing more profitable. Rent prices went up almost 17% in 2021, according to data from Harvard’s Joint Center for Housing Studies.
Take two minutes and check it out.
Note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on moneytalksnews.com. All opinions are our own.
6. Use this secret source for discounts
Are you over 18? Then you’re eligible to save hundreds of dollars every year simply by joining AARP.
“What?” You say, “I thought AARP was for retired people.”
As it turns out, you don’t have to be 50 or older to join AARP. And members get discounts on hundreds of things, like:
- Up to $200 per person off flights
- Up to 30% off rental cars
- Up to 15% off restaurants
- Up to 20% off hotels
You’ll also save on eyeglasses, prescriptions, meal deliveries and lots more. And that’s not all. AARP offers a Fraud Watch Network, job listings, retirement planning tools, games, and tons of information, programs and resources.
Anyone trying to save money can’t afford not to join AARP, especially since the cost is as low as $12 per year with auto-renewal. You’ll likely recoup the cost in the first week. Click here and check it out.
7. Forget savings accounts & CDs — there’s a better way
Are you over 50 years old and still relying on CDs for retirement savings? If so, it’s time to reconsider. With rates soaring up to 6.9%, annuities offer safety, and their interest accumulation beats CDs by 20% or more.
What can 20% more interest mean for you? Let’s look at an example.
Today’s CDs max out at about 5%. So, if you earn 5% on $100,000 over ten years, you’ll end up with about $163,000. But if you can earn 6.9% with an annuity, you’ll have nearly $195,000. That’s $32,000 more money you could use to travel, fix up the house or spend on whatever you want.
Annuities also offer tax-deferred growth for turbocharging compounding. And they can do something CDs can’t — they can be converted into a stable monthly income for life.
Ready to learn more? Get unbiased advice and info at Annuity.org. And if you like what you see, schedule a free consultation with a trusted retirement planning advisor.
Nothing to lose, and potentially a lot to gain. Check out Annuity.org today.
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