6 Big Moves to Grow Wealth in 2022
It’s a great time to take a closer look at your finances and put together a plan for the new year. And we think 2022 could be ripe with plenty of money-making opportunities, too.
If you’d like to start making big money moves now, we’ve compiled a list of six ways you could boost your finances and grow your wealth in 2022.
1. Invest in art that has outperformed the S&P by over 180%
History has shown art to be one of the top investments of all time. In fact, in the last two decades art has outperformed the S&P by over 180% between 2000-2018.
But while the ultra-wealthy rake in huge profits, everyday folks have been left out in the cold. Masterworks is an exclusive platform that lets investors of all types add art to their portfolios in just a few clicks.
They let you buy individual shares of famous works by artists like Warhol, Banksy, and Basquiat, similar to stock in a company. Get paid when the painting sells, or trade your shares to other members on their secondary market.
While Masterworks requires a $5,000 account minimum to get started, you can build a well-rounded portfolio of masterpieces with the help of their art experts.
Skip the waitlist: Use our link to get exclusive access to bypass the 25,000 person waitlist!
2. Earn Passive Income by Investing in Real Estate
Imagine getting a check in the mail every few months for just holding a little bit of money in an account. Sounds amazing, right?
With Fundrise, an investment of as little as $10 can start earning you passive income through quarterly distributions. You'll get to invest in some of the hottest real estate deals without the headaches that come with being a landlord.
It takes less than 1 minute to create an account with your email and password, and you don't have to invest a dime until you know it's right for you. Be sure to confirm your account by clicking the link in the email they send you.
The investments do come with risk. Fundrise has paid distributions every quarter since at least Q2 2016, but your payment is never guaranteed.
For the service, you’ll pay a 0.85% annual asset management fee and a 0.15% annual investment advisory fee.
3. Prepare for market volatility by diversifying in gold
Stock market volatility can be financially damaging, especially as you near retirement. You could move your investments into a savings account, but have you seen interest rates lately? Another option to consider — diversify with gold.
Gold values are inversely correlated with the stock market and the dollar. When one goes down, the other usually goes up. If you want to protect your retirement funds, having diversified investments may be able to help you weather market swings.
Gold Alliance is a reputable precious metals dealer that specializes in precious metals IRAs. They make it simple to transfer funds from your current retirement account (like a 401(k) or IRA) into a precious metal IRA — with no taxes or penalties.
Gold Alliance offers a free gold information kit to help you learn more about why gold and silver could be a smart choice for diversifying your portfolio, and how the process works.
4. Ditch your mortgage lender
Yep, we said it. If you want to save a ton of money next month — $100, $200, $500 — you should ditch your current mortgage right now.
Our new tool will help you compare mortgage offers and rates and could help you simplify refinancing your mortgage. Which means you could slash your interest rate, lower your monthly mortgage payments and even build equity in your home faster… all so you can save money and free up breathing room in your budget.
You could even take advantage of a cash out refinance for massive savings. The money you get could help you crush your high-interest debt for good. Or you could take advantage of that potentially lucrative investment opportunity that you now have the cash for. The possibilities are endless, but you’d be crazy not to see how much you can get just by refinancing.
BONUS: Cancel your car insurance
We’ve got bad news. You could be wasting $500 every year on overpriced, second-rate car insurance. And you should probably cancel your existing insurance right now, because there’s something much better.
This new tool from FinanceBuzz can tell you if you’re overpaying for your car insurance in just a few clicks. On average, we find around $500 a year in savings for drivers. And once you try it out, you’ll never have to look for affordable insurance again because we find you the lowest rates that other companies can’t match.
Oh, and it’s also free. And come on — you can’t tell us you don’t want to save up to $500. To find out if you’re losing up to $500 or more a year, just enter your zip code here, answer a few questions and see if you’re overpaying. It takes less than 2 minutes.
In : 848FINACE
Tags: 6 big moves to grow wealth in 2022
