If You Have More Than $1,000 in Your Checking Account, Make These 6 Moves
You’ve done it. You’ve built up a little cushion in your bank account — $1,000! It feels good, right? Those days of checking your account balance in a panic are behind you.
Congrats! You’re on the right path. Now it’s time to think about some longer-term goals. What do you want to accomplish next with your money? Do you need to save more? Do you want to buy a home someday? Invest?
What’s the next step you should take? What are some specific things you can do to take your finances to the next level?
We’ve got some ideas for you:
1. Invest in Multi-Family Real-Estate (Even if You’re Not Filthy Rich)
The uber wealthy 1% have access to exclusive, lucrative real estate investments that seem totally out of reach to the rest of us.
But not anymore. A company called CalTier lets you invest in commercial real estate — specifically, multi-family apartment complexes across the country — for as little as $500.
Traditionally, you’d need a six-figure income or a million-dollar net worth to invest like this.
Instead, CalTier lets you invest like the big wigs in the real estate world, even if you’re not rich. Investments in multi-family housing have outperformed the S&P 500 for the last 20 years* — and it’s expected to grow another 33% this year alone.
CalTier also gives you a 30 day money-back guarantee. And if you have any questions along the way, you can talk to a real human to get them answered.
Ready to join the ranks of wealthy and institutional real-estate investors? It’s easy to open a free account and get started here.
2. Grow Your Money 21x Faster — Without Playing the Stock Market
Would you even notice if 0.24% was added to your savings account tomorrow? Probably not. Sadly, that’s what most traditional savings accounts are still offering these days.
We found something you’ll definitely notice. A company called Worthy can offer you a fixed interest rate of 5.5% (5.65% APY), or about 21 times the interest rate on the average savings account.
Worthy’s SEC-qualified bonds are backed by real estate, meaning you’ll have access to an investment normally only available to the super wealthy — and you can start with just $10.
There are no fees or penalties, and you can withdraw your money whenever you want it.
To get started, sign up for your free account*, then sit back and watch your investments compound daily.
*Worthy bonds are not available in Florida.
3. Cancel Your Car Insurance
When was the last time you compared car insurance rates? Chances are you’re seriously overpaying with your current policy.
If it’s been more than six months since your last car insurance quote, you should look again.
And if you look through a website called CheapRatesOnline, you could save yourself up to $500 a year.
It takes just two minutes to answer some questions, and their smart matching technology will show you the insurance providers that are the best fit for you. And don’t worry — they uses advanced data security and encryption technology, so all your details are safe.
They’ve already helped millions of people find affordable car insurance. See how much money you could save with a new policy.
4. Get Paid Up to $83 Every Time You Win Playing Bingo
We all have our go-to time-killers on our phones. But this one actually gives you the chance to win up to $83 every time you play.
It’s a free app called Bingo Cash, and right now, you could octuple your money — as in 8x — when you play. When you add $10 to your account, Bingo Cash will give you a $5 bonus to use toward tournaments, where you could win up to $83.
You’ll compete against other players at your skill level, all using the same board, and the top three players can win real money — anywhere from $1 to $83.
And no, this isn’t one of those spammy apps. There aren’t even any annoying ads. Over on the App Store, it has over a million downloads and over 15,000 ratings, averaging 4.7 stars (out of 5).
Want to see if you could turn your $10 deposit into $83 in winnings? Just download the free app and start playing your first game immediately.
5. This Free App Will Give You up to $1K in Free Stock Just for Signing Up and Funding Your Account
Inflation is doing a great job of making it really difficult to buy, well… anything. And that includes stocks.
Luckily, when you open a free SoFi Invest account and fund it with at least $10, they’ll give you free stocks in return — worth up to $1,000. Plus, get a 1% IRA Match on contributions & rollovers. Terms apply.*
With SoFi, You can buy full or fractional shares of popular stocks, plus you can invest in exchange-traded funds — or collections of stocks.
If you’re new to investing, SoFi has automated investing tools to help simplify things. Plus, they won’t charge you any SoFi management fees.
It only takes a minute to open a free account and get started. Then, once you fund it with at least $10, SoFi will reward you with your free stock — which could be worth up to $1,000.
** Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 30 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify.
*Terms and conditions apply. For 401k rollovers, existing SoFi IRA members must complete 401k rollovers via this link For SoFi members without a SoFi IRA, a SoFi IRA must first be opened, and 401k rollover must be completed utilizing Capitalize via this link. SoFi and Capitalize will charge no additional fees to process a 401(k) rollover to a SoFi IRA. SoFi is not liable for any costs incurred from the existing 401k provider for rollover. Please check with your 401k provider for any fees or costs associated with the rollover. For IRA contributions, only deposits made via ACH and cash transfer from SoFi Bank accounts are eligible for the match. Click here for SoFi’s 1% Match terms and conditions.are eligible for the match. Click here for SoFi’s 1% Match terms and conditions.
