3 Things You Must Do When Your Savings Reach $50,000
Three Investing Strategies The Wealthy Use That You Should Consider Right Now
Well done! You’ve worked hard and pinched pennies to finally get to the point where your savings account is looking solid. Now it’s time for the emphasis to shift from saving to making your money work more actively.
These three moves just might be what you need to keep your money growing. Best of all? It only takes a few minutes to check them out and see which ones are best for you.
Find the Right Expert for Your Unique Situation
You wouldn't be reading this if you didn't know how to save.
But there comes a time when it makes sense to get an expert opinion to make sure you're not leaving money on the table.
Working with an experienced professional who can advise you on what to do to better diversify your portfolio is always a good idea. But who has time to sift through thousands of advisor profiles?
WiserAdvisor does all that work for you. It matches you to the best financial advisor for your specific situation so you get an expert in the areas you need.
There's not much to lose with no cost to use their service and no obligation to hire the advisor. WiserAdvisor screens advisors to make sure you're only getting matched with the best experts.
Protect Your Portfolio With Precious Metals
Pandemic, supply chain, bear market. We've seen in recent years that market-changing events are not in short supply.
Is your money safe from any of these?
The answer may be "no" If you haven't hedged your bets against the stock market and world economy.
Precious metals often outperform other investments in a volatile market, and their value tends to rise with inflation, making them an effective hedge during uncertain economic times.
Goldco is a great place to begin if you're interested in investing in precious metals. Opening a gold or silver IRA is easy and funds can be rolled over from existing retirement accounts. Or you can buy gold and silver directly from Goldco's extensive collection.
Worried you may need to sell your precious metals in the future? Goldco offers a buy back program and will purchase your assets back from you at the highest price.
Collect Rent without Being a Landlord
Rental real estate is popular as an additional, passive income for the long haul. Unlike investing in stocks, real estate is somewhat shielded from the constant ups and downs of the market and has offered a return of up to 6% over time, which makes it a smart way to diversify your portfolio.
Arrived is your gateway to the world of real estate investing that's historically required lots of upfront capital. With a minimum investment of just $100, Arrived makes real estate investing truly accessible to everyone.
It's simple to get started: Create an account, decide how much you want to invest and watch for property appreciation and quarterly rental income payments.
Investing in real estate is a great option for anyone looking to build long-term wealth that can stand up to risk and market volatility.
It’s just as important to make your money work for you as it is to save. Some key strategies include hedging your savings against inflation with an investment like gold or silver and building passive income through real estate investments. The right financial advisor can give you the best advice for your unique situation.
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