8 Powerful Money Strategies You Haven’t Tried Yet

Do you need more power in your pocketbook? More “boom” in your bank account? More “wow” in your wallet?

If that’s the case — and it’s the case for everyone we know — then you need to add some effective new financial tactics to your game plan. You need something impactful. Something that’ll move the needle.

We bet you’d have more money in your pocket if you just tried some different tactics. So we’ve collected some proven money maneuvers that you should consider trying.

Not all of these will work for you, but we’re betting that some of them will, so be sure to read them all.

1. Grow your money with professional help

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 adviser. 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 advisers in your area, all legally bound to work in your best interests.

Even if you don’t want help picking investments, an adviser can help lower your tax burden, create a comprehensive financial plan for you, maximize your Social Security, and serve as a second pair of eyes to make sure you’re on the right track.

Using SmartAsset only takes a few minutes, and in many cases you’ll be offered a free consultation.

Please carefully review the methodologies employed in the Vanguard white paper, “Putting a value on your value: Quantifying Vanguard Advisor’s Alpha.”

2. 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. Those investments typically do well when the stock market decides to tumble.

Be careful who you deal with, though. Not all gold dealers are on the up-and-up, and some of them are only too happy to sell you gold and silver at vastly inflated prices.

Oxford Gold Group, on the other hand, has a 4.7-star rating (out of five stars) on Trustpilot, where 96% of reviewers call the company “excellent” and 4% call it “great.” It also has an AA rating with the Business Consumer Alliance and an A+ rating with the Better Business Bureau.

They’ll allow you to invest in a gold IRA that adheres to IRS regulations. They also offer gold bars and coins, as well as silver (including silver IRAs), platinum and palladium.

If you’ve ever thought of investing in gold, give Oxford Gold a try.

3. Get someone else to pay your medical bills

Here’s hoping that your retirement years are active, healthy and vibrant and that you’re able to function as you always have, right up to the time you shuffle off this mortal coil.

But don’t bet on it. According to the U.S. Department of Health and Human Services, 7 in 10 people who turn 65 today will probably need some kind of long-term care.

“But won’t Medicare take care of all that?” Nope. Medicare doesn’t cover long-term custodial care — and paying for it out of pocket could take a huge chunk of your retirement savings. That plus inflation could mean near or total depletion of your nest egg.

Without long-term care insurance, your options aren’t great: running through savings, borrowing money, burdening your family with your care, and possibly losing independence because you can’t live on your own.

One place to find long-term care insurance is GoldenCare (Unless you live in the four states where GoldenCare doesn’t operate: Alaska, Florida, Hawaii and Washington.)

At least check it out and see if it’s a fit. Because planning now could mean a more secure tomorrow.

4. Pay 25% interest on a credit card? Seriously?

The average credit card interest rate these days is approaching 25% — a record high. Sounds like what a loan shark would charge, doesn’t it?

Never borrow recklessly, but when it’s time, do it right. Take advantage of much lower rates by borrowing against your home. Use that loan — with rates as low as 6.75% — to fix up your house, to pay off high-interest debt or for any other purpose (besides financing a lifestyle you can’t afford).

That’s a fraction of what credit cards charge, and will literally save you thousands of dollars over the life of the loan.

How do you shop for the best deal? Simple: Head to a loan shopping site like Rocket Mortgage. They’ve eliminated most of the hoops you had to jump through in the past, so it only takes a couple of minutes to see how much you could get.

5. 62+? Get paid sooner and earn more

Are you 62+? Welcome to Charlie, banking built for you.

Charlie is a financial technology company, not a bank. Banking services provided by Sutton Bank, Member FDIC.

You’ve been everything to everyone: the planner, the mentor, the teacher, the one to lean on. It’s time someone built a solution with just you in mind. It’s time for Charlie.

At Charlie, customers can access their Social Security payments days early each month with no interest or fees.

All Charlie accounts also come with a Charlie Visa® Debit Card*, which can be used at over 55,000 ATMs nationwide — fee-free**! Your Charlie debit card is good wherever Visa®* is accepted. You also earn 3% on deposits in your Charlie account.

We know security and peace of mind are important, and that’s why Charlie is here to support you every step of the way. Charlie accounts are insured up to $250,000 through their partner bank, Sutton Bank, Member FDIC. And if you ever need assistance, Charlie’s U.S.-based customer service team is available to answer any questions.

Having spent a lifetime of providing financial security and emotional support to others, now it’s your turn. Join Charlie today!

*The Charlie Visa® Debit Card is issued by Sutton Bank, pursuant to a license from Visa U.S.A. Inc. Visa is a registered trademark of Visa, U.S.A. Inc. All other trademarks and service marks belong to their respective owners.

***One-time fees include out-of-network ATM fees and second replacement card fees. See cardholder agreement for full fee schedule.

6. Don’t let home repairs drain your bank account

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 keep up.

But you don’t have to worry. Luckily, with a home warranty company called Select Home Warranty, you can safeguard yourself against giant repair bills. From home appliances to electrical, plumbing, heating and cooling systems, it can all be protected.

When something goes wrong due to normal wear and tear, you just call Select Home Warranty, day or night. The company has a wide network of reputable repair folks who will fix what’s wrong.

And if they can’t fix it? Select Home Warranty will replace it. All you pay is a service fee.

You don’t need a home inspection to qualify for a warranty, and there’s no limit to the number of claims you can file. Right now, Select Home Warranty is offering $150 off plans, two months for free and free roof leak coverage.

Hey, if you’re handy and like to repair stuff yourself, that’s obviously the cheapest route. But if that’s not you, a penny spent now could save you big bucks later.

If nothing else, at least see what it would cost. Get a free quote in 30 seconds.

7. Don’t pay retail, save 10 to 30% on everything you buy

With the kind of inflation we’ve all seen over the past two years, everything is more expensive now. You’ve noticed this, right?

Let’s face it, shopping online is more convenient than going to a store. Plus, you’re more likely to find a deal, promotion, or coupon code and quickly cross-reference prices at several different retailers to save money.

Want to make that process even easier? Try Capital One Shopping. This handy-dandy tool alerts you when a deal on an item you’re buying is available. Talk about effortless. All you have to do is add it as a browser extension, and it’ll search the internet for coupon codes to apply during checkout.

That’s not all. It also compares prices across the internet and will notify you when the item you’re purchasing is cheaper elsewhere. It’s free, and you don’t need to be a Capital One customer to use it. It’s just a friendly tool trying to save you money online. Find better bargains now.

8. 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 18% 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.

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