6 Money Secrets to Pay Off Debt and Build Wealth

Stop worrying about money – it’s bad for you.

Studies show that financial stress can exacerbate all kinds of health issues, like migraines, insomnia, heart disease and weight gain — not to mention the anxiety and depression of our old friends!

Financial worries can tear apart relationships and destroy your peace of mind. If you want to stop worrying, all you have to do is take action. That’s right, take it. a job. We have a business plan for you.

You’ll feel better just by taking these seven simple and strategic steps. It will give you a real financial advantage, and you will be on your way to paying off your debts and building your wealth for real.

1. Stop paying your credit card company

A big part of this is forming new habits and thinking about new ways of doing things.

For example: Credit card debt is the most expensive type of debt, and your credit card company gets richer by tearing you apart with high interest rates. But a website called Fiona can help you resist.

If you owe your credit card companies $250,000 or less, Fiona will match you with a low-interest loan that you can use to pay off each of your balances.

Benefit? You will have one bill left to pay each month. And since interest rates on personal loans are low (Fiona rates start at 2.49% APR), you’ll get out of debt. who – which Much faster. Plus: no credit card payments this month.

It takes 2 minutes to see if you qualify for up to $250,000 online. You need to give Fiona a real phone number in order to qualify, but don’t worry – they won’t send you spam emails with phone calls.

2. Stop overpaying for things online

Wouldn’t it be nice if you ever get an alert when you’re shopping on Amazon or Walmart.com and you’re about to fall?

That’s exactly what this free service does.

Simply add it to your browser for free, and before you check out, it’ll check other websites, including Walmart, eBay, and others to see if your item is available at a cheaper rate. Plus, you can get coupon codes, set up price drop alerts, and even see an item’s price history.

Let’s say you’re shopping for a new pair of shoes and assume you’ve found the best price. A popup will appear letting you know if that particular shoe is available elsewhere at a cheaper rate.

Last year, this saved people $160 million. You can get started with a few clicks to see if you are overpaying online.

3. Cancel your car insurance

When was the last time you compared car insurance rates? You are likely overpaying dangerously 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 at a digital marketplace called SmartFinancial, you could get rates as low as $22 a month — and save yourself more than $700 a year by canceling with your current provider.

It only takes a minute to get quotes from multiple insurance companies, so you can see the best rates side by side. Yes – in just one minute you can save $715 this year. That’s some big cash in your pocket.

So if you haven’t checked auto insurance rates in a while, see how much you can save with a new policy.

4. Leave up to a million dollars for your family

There has been an increase in interest in life insurance during the pandemic, as more Americans realize they may need it.

Overall, Americans bought about 10% more life insurance policies in 2020 than they bought in 2019. This may not sound like much, but it’s actually the biggest increase in nearly two decades.

Also, more people are looking for life insurance without a screening because they don’t want to go to the doctor’s office for an in-person check-up. Companies like Bestow use algorithms rather than medical tests to evaluate applicants.

Prices start at just $16 a month. You can leave your family up to a million dollars. Peace of mind knowing your family is being taken care of is invaluable.

If you are under 54 and want to get a quick quote on life insurance without leaving your home, get a free quote from Bestow.

5. Get up to $80 a month – just for sharing your opinion

Taking surveys might not seem like the best way to make money, but if you’re just hanging out on the couch – or pretending to be interested in your partner’s new favorite show – why not click the buttons? You can earn up to $80 a month. seriously.

There are a bunch of paid survey sites out there, but one of the best we’ve found is Survey Junkie.

They will ask you questions about things like, What kind of laundry detergent do you use, or If you prefer Pepsi or Coca-Cola. You get points for answering, and several people collect enough points to request a check within a few hours.

Over 10 million people already use Survey Junkie, and it has 4.5/5 stars on TrustPilot.

Join for free and take your first survey to start earning points – cash out as soon as today.

6. Become a real estate investor for only $10

Take a look at some of the richest people in the world. What do they have in common? Many invest in large private real estate deals. And here’s the thing: There’s no reason why you shouldn’t, either—for under $10.

A company called Fundrise allows you to get started in the real estate world by giving you access to a diversified, low-cost portfolio of private properties. The best part? You don’t have to be the owner. Fundrise does all the heavy work.

Fundrise’s junior portfolio has a minimum of $10 and is geared toward first-time real estate investors. Your money will be invested in the company’s flagship fund, which already owns more than $250 million in real estate across the country, from apartment complexes to the bustling home rental market to larger e-commerce logistics hubs.

Since tenants pay their rent, you can make money with quarterly dividend payments, and over time, you can make money from the potential appreciation of the property. Since 2014, Fundrise investors have earned nearly $100 million in dividends alone.

So if you want to get started in the real estate investing world, it only takes a few minutes to sign up and create an account with Fundrise.

Mike Brasfield ([email protected]) is a featured writer for The Penny Hoarder. He tries not to worry too much about the money – apart from writing about it, of course.

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