Turning 40 is a major milestone. Ready to take on the next chapter of your life? If you’re feeling a little unsure about your financial situation, don’t sweat it – we’ve been there.
But what if we told you there are seven financial power-moves you should make right now to set yourself up for success?
From investing in your future to getting rid of dangerous debt, these strategies will have you feeling like a financial rock star before you blow out those 40 candles.
Not all these tips may work for you, but some of them will, so read them all.
1. 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.”
2. Save $610 on your car insurance
If you’re like most Americans, you’re probably paying too much for car insurance. But shopping around for a better deal is such a hassle.
Well, it used to be.
Now you can just check out Provide Insurance, the largest online marketplace for insurance in the U.S. Provide Insurance lets you compare quotes from more than 175 different carriers in minutes.
All you have to do is answer a few questions about yourself and your driving history. Then Provide will show you the best options for your needs and budget.
You could save up to $610 a year on car insurance by using Provide. That’s money you could use for other things, like investing, saving or paying off debt.
Don’t let your current insurer overcharge you. Try Provide Insurance today and see how much you can save on car insurance.
3. Don’t let your debt spiral out of control
Worrying about debt is probably the worst way you can spend your time, and paying interest and late fees is the worst way you can spend your money.
If you’ve got a problem, the sooner you deal with it, the better.
National Debt Relief is one of the most respected providers of debt relief in the U.S.
They’ve helped more than 500,000 people, are A+ rated by the Better Business Bureau and also are top-rated by Top Consumer Reviews, Top Ten Reviews, ConsumersAdvocate.org and ConsumerAffairs.
You simply fill out a form on the company website, then a debt coach will call you to learn more about your situation. If they can help you, they’ll set you up with an affordable plan that works for you — and give you an estimate of when you can expect to be debt-free. There’s no upfront fee and no obligation to get started.
National Debt Relief can help you with almost any unsecured debt, like credit cards, personal loans, medical bills, repossessions … even some student loan debt. Ready to start a new, happier chapter of your life? Don’t wait another minute. Check them out right now.
4. Stop getting ripped off by your bank
It’s this simple: If you’ve got savings in a traditional bank savings account, you’re throwing money away.
In just a few minutes, you could move those savings to a financial technology company, like Upgrade, and earn tons more interest with no additional risk.
Upgrade’s FDIC or NCUA-insured Premier Savings account is currently offering 4.69% Annual Percentage Yield (APY)– nearly 12 times the national average . And all you have to do to earn that high rate is maintain a minimum balance of $1,000.
If you move $100,000 from a low-interest account to Upgrade’s Premier Savings, you could earn an extra $5,000 every year. No additional risk, 5 grand more: all financial decisions should be this easy.
If you’re OK with earning basically nothing, go ahead and stick with your big bank. But if you want your money to work as hard for you as you do for it, make a move. Take a few minutes right now and check out Upgrade. You’ll be a little richer for it.
5. Diversify your investments
One of the best ways to protect your savings is having money in different types of investments: ideally, ones that can 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.
One investment that thrives in this scenario: gold.
Keep in mind, though, that not everyone in the gold business is on the up-and-up. Be careful who you deal with.
Preserve Gold is a family-owned company committed to helping investors protect their wealth and retirement with physical precious metals. They offer gold, silver, platinum and palladium coins and bars delivered directly to your home. Plus, enjoy up to $25,000 in complimentary gold and silver, along with waived IRA storage fees for up to 5 years!
They also lead the industry in retirement account rollovers and will help to facilitate a transfer from your current custodian into a precious metals IRA.
Preserve Gold will beat any competitor’s price on gold and silver, and offers fast, free, insured shipping. And once you’re a client, they’ll buy back your metals and charge no fees.
Gold has been hitting record highs. Why not take a look right now?
6. Don’t pay to fix your car
The cost of car repairs is skyrocketing. One shop told Consumer Reports that a decade ago, their average repair was $1,600. These days, the average bill is $4,000.
If you’re concerned about coming up with thousands of dollars for a repair bill, protect your investment with a CarShield auto warranty.
CarShield provides extended warranty plans of up to 24 months, and allows you to choose from at least six different plans, so you’ll only pay for the coverage you need. They cover cars up to 20 years old and offer flexible month-to-month plans so you’re not locked in for years.
CarShield has a network of thousands of ASE-certified repair shops, and they pay the repair bill. All you cover is the deductible. All their warranties include 24/7 roadside assistance and rental car benefits while your vehicle is being repaired.
ConsumerAffairs calls CarShield “a solid choice” for drivers of any age, and “particularly appealing” for those with older vehicles.
Take a minute right now and get a quote.
7. Cash in on your gaming skills
Lots of companies let you earn money by filling out surveys, completing tasks, signing up for stuff or playing games.
But FreeCash is in a league of its own.
FreeCash boasts the fastest payouts (we’re talking instant!), with minimum withdrawals as low as $5. Plus, you can cash out with PayPal, crypto, gift cards — the choice is yours. FreeCash users have already earned more than $71,000,000!
So try FreeCash. It’s the fast, fun way to earn real cash. Don’t waste another minute — FreeCash is waiting!
8. 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.
9. Don’t put all your eggs in one basket
Ever dreamed of owning a piece of fine art or snagging that ultra-rare trading card? With Public, you can turn those dreams into a reality – and all it takes is a single dollar to get started!
Public is revolutionizing the investment game by giving regular folks like us access to exclusive alternative assets that were once reserved for the uber-wealthy. From contemporary masterpieces to vintage comic books, Public unlocks a whole new world of tantalizing investment opportunities.
But here’s the real kicker: you can buy fractional shares in these unique assets for as little as $1. That’s right, no more feeling priced out of the finer things in life. With Public, you can build a wildly diverse portfolio filled with one-of-a-kind treasures.
And the best part? No commissions! That means every penny you invest goes straight towards owning your slice of the action.
Of course, Public also gives you access to stocks, options and other, more traditional investments.
So start investing like a multi-millionaire mogul. Check out the Public app and stake your claim on the alternative assets you’ve always coveted – all for just $1!
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