If You Have More Than $1,000 in Your Checking Account, Make These 7 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. Grow Your Money 125x Faster — Without Playing the Stock Market
Figuring out how to invest and grow your money is complicated. There are get-rich-quick scams everywhere, and all the legit high-yielding investment options are only for the ultra wealthy.
As usual, the rich get richer. But a company called Compound Banc is actually trying to level the playing field for us — it can grow your money 125 times faster than the national average.
It’s created a simple app that gives everyone — not just the 1% — access to high quality real estate bonds with a fixed 7% APY compound return. And it only costs $10 to start investing.
Compound bonds are backed by real estate. No crypto, no stocks, no NFTs. Why? Because real estate is one of the largest and most stable alternative assets around.
There are no fees, and no fixed-terms for how long your money needs to stay with Compound Banc. Seriously, you can withdraw your money any time, and you’ll get it back right away.
To get started, sign up for your free account, then sit back and watch your wealth compound daily.
2. Grow Your Money 17x Faster — Without Risking Any of It
You’ve been with the same bank for years, and how do they repay your loyalty? With a measly 65 cents in earned interest every year.
And you’re not alone. The national average interest rate for savings accounts is just 0.17%.
But there’s actually a way to grow your money 17 times faster — completely risk free.
When you open a Capital One 360 Performance Savings Account, you’ll earn 3.40% APY on your account balance. Just to be clear, that’s almost 17 times the national average on a regular savings account.
There’s no minimum deposit to open and keep your account. And, you’ll never pay any monthly or maintenance fees, either.
And there’s no need to worry about accessing your savings — you can take your money out at any time with no penalties. Plus, all your money is FDIC insured, which basically just means it’s super safe.
It only takes a few minutes to set up your Capital One savings account. All you really need to do after that is sit back and watch your savings grow with 17 times the average interest.
3. Become a Gold Investor (Even if You’re Not Rich)
The super rich already know how valuable gold is — that’s why so many of them invest in it. Not only is it extremely valuable, but it’s also been a historically safe hedge against inflation and volatile markets. Gold has even increased in value in times of instability.
Good news: You don’t have to be ultra wealthy to invest in gold. A company called Lear Capital can help you through the entire process from start to finish. They’ll even give you a free gold investment kit.
Lear’s been in the precious metals business for more than 25 years, and has completed $3 billion in precious metals transactions and for more than 93,000 investors. Plus, you’ll get a 24-hour risk-free guarantee to review your purchase before committing to it. An expert from Lear will give you a call to talk you through the process. You’ll need to be able to invest a minimum of $15,000.
To learn more, head over to Lear Capital’s site to sign up for your free gold investment kit.
4. Cancel Your Car Insurance
Here’s the thing: your current car insurance company is probably overcharging you. But don’t waste your time hopping around to different insurance companies looking for a better deal.
Use a website called EverQuote to see all your options at once.
EverQuote is the largest online marketplace for insurance in the US, so you’ll get the top options from more than 175 different carriers handed right to you.
Take a couple of minutes to answer some questions about yourself and your driving record. With this information, EverQuote will be able to give you the top recommendations for car insurance. In just a few minutes, you could save up to $610 a year.
5. Stop Paying Your Credit Card Company
If you have credit card debt, you know. The anxiety, the interest rates, the fear you’re never going to escape…
And the truth is, your credit card company doesn’t really care. It’s just getting rich by ripping you off with high interest rates — some up to 36%. But a website called AmOne wants to help.
If you owe your credit card companies $50,000 or less, AmOne will match you with a low-interest loan you can use to pay off every single one of your balances.
The benefit? You’ll be left with one bill to pay each month. And because personal loans have lower interest rates (AmOne rates start at 2.49% APR), you’ll get out of debt that much faster. Plus: No credit card payment this month.
You don’t need a perfect credit score to get a loan — and comparing your options won’t affect your score at all. Plus, AmOne keeps your information confidential and secure, which is probably why after 20 years in business, it still has an A+ rating with the Better Business Bureau.
It takes less than a minute and just 10 questions to see what loans you qualify for — you don’t even need to enter your Social Security number. You do need to give AmOne a real phone number in order to qualify, but don’t worry — they won’t spam you with phone calls.
6. Launch an Investing Portfolio With $1
Take a look at the Forbes Richest People list, and you’ll notice almost all the billionaires have one thing in common — they own another company.
But if you work for a living and don’t happen to have millions of dollars lying around, that can sound totally out of reach.
But with an app called Stash, it doesn’t have to be. It lets you be a part of something that’s normally exclusive to the richest of the rich — on Stash you can buy pieces of other companies for as little as $1.
That’s right — you can invest in pieces of well-known companies, such as Amazon, Google, Apple and more for as little as $1. The best part? If these companies profit, so can you. Some companies even send you a check every quarter for your share of the profits, called dividends.1
It takes two minutes to sign up, and it’s totally secure. With Stash, all your investments are protected by the Securities Investor Protection Corporation (SIPC) — that’s industry talk for, “Your money’s safe.”2
Plus, when you use the link above, Stash will give you a $5 sign-up bonus once you deposit $5 into your account.*
Stash:1Not all stocks pay out dividends, and there is no guarantee that dividends will be paid each year.
2To note, SIPC coverage does not insure against the potential loss of market value.
For Securities priced over $1,000, purchase of fractional shares starts at $0.05.
Investment advisory services offered by Stash Investments LLC, an SEC registered investment adviser. This material has been distributed for informational and educational purposes only, and is not intended as investment, legal, accounting, or tax advice. Investing involves risk.