8 Strange (but Spectacular) Ways To Grow Wealth After 40

Are you doing everything you can to grow your wealth?

Actually, that’s a trick question. Truth is, no one is doing everything they can to grow their wealth. No matter how seriously you take your bank balance, there’s always something you haven’t thought of – something that’ll make your nest egg bigger and healthier, if you just take advantage of it.

We found a bunch of ways to boost your bottom line that may have escaped your attention until now. Some of these strategies are a little different – but they work! Otherwise, they wouldn’t be listed here.

Not all of these tips may work for you, but some of them will, so be sure to read them all.

1. Diversify your wealth with gold

Here’s a crucial tip for growing your wealth after 40: 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 4.9-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.

2. Grow your money with professional help

If you really want to grow your wealth after 40, you might want to 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.”

3. Have this company pay off your credit card debt

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 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?

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. 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.

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

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 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.

7. Make money on your phone

Whenever you’re killing time on your phone, you could be making money from these companies:

Blackout Bingo for iPhone puts a competitive spin on the classic game and pays real cash prizes. Put your concentration and strategy to the test in big tournaments and head-to-head matchups.

Branded Surveys has a user-friendly platform that allows you to complete surveys on any device. You’ll earn rewards for each survey completed, and they can be redeemed for gift cards, PayPal cash or sweepstakes entries.

Survey Junkie partners with market research companies to listen to your honest opinions and learn how you spend your time and money. You can earn as much as $40 monthly if you complete three surveys daily.

KashKick is a rewards platform that will pay you for completing specific tasks like trying a new app or game, taking surveys or watching videos. Survey payouts range from 15 cents to $2 each, so your earnings add up quickly.

8. Make money renting your driveway or extra space

Do you have room in your garage, driveway, basement or attic? Would you like to earn some extra cash? Then check out Neighbor. It’s like Airbnb, but instead of hosting people, you just store their stuff for them.

You can potentially earn hundreds or even thousands of dollars in passive income this way, and Neighbor makes it easy. It connects homeowners with people who need storage space for less than the rates that commercial storage places or parking garages charge. You set your own prices, although Neighbor suggests guidelines for you.

You review renters’ requests, and how much stuff you store is up to you. You can stash a few boxes in a closet, or keep someone’s belongings in a room or a shed.

You can think even bigger. If you have the space, you can make money storing vehicles, RVs or boats. Your earnings depend on where you’re located, but most driveways rent for $100 to $150 a month.

You’re allowed to inspect anything you store, and reject anything you don’t want on your property. Neighbor insures you for up to $1 million if your home gets damaged or someone gets hurt moving their stuff in.

Neighbor handles the payments and automatically deposits them into your account each month. They take a 5% cut, but listing your space or driveway is free.

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