Money Tools
The more money you save the more money you will have to invest. We all tools to help grow our wealth.
Here you can find all of the resources that I use to maximize my money. Save money. Earn money. Travel more. Invest more.
The only thing holding you back in you.
Credit Card Reward Offers
Credit cards are a great way to earn points and get cheap or reduced travel. You can also get cash back or points that can be used as cash when shopping.
There are credit cards that give you rewards in stocks or crypto. Be strategic about how you use credit cards. When you open a new card it will affect your credit. But it you are careful and intentional about how you spend and what your goal is credit can make your life better. Learn the different between good credit and bad credit. That will change your wealth the most.
Click here for the links to Banks that offer Credit Card rewards.
Credit Card Comparison Tools
All credit cards are not created equal. Every week new credit cards are announced and released that have different rules and different offers. Plan carefully.
Before you open a new credit card, you need to have a plan for that card.
Click here for the links to all the different Credit Card Reward Comparison tools.
Check Your Credit Sscore
Your credit score is important. Most people will one day need a loan to buy a house and a car and your credit score will come into play. The better your score the better treatment you will receive. If you have bad credit you will lose money. The terms of your loans will be worse. You may get denied for a house or apartment.
There are 3 major credit agencies and each score can be unique. Experian, TransUnion and Equifax. You can get a free report from each of these agencies each year. It is important to check your credit to make sure there is no fraud lurking around.
Click here for the links to all the different tools where you can check your credit score.
Click here for all the blog articles related to your credit.
Stock Investing Platforms
I love stock investing. It is the biggest way that I have build wealth. Stocks are one of the easiest assets to invest in and they have so many benefits that will help grow your wealth. Stock investing platforms are not created equal. Do your research before you select your platform. What type of account do you need: stock brokerage, IRA, HSA? Do you want access to margin or options? Do you want your platform to be easy to use or have more in depth research tools?
Answer these question before you start investing, because it can be difficult to change once you start.
Click here for a list of Stock Investing platforms that will get you started investing.
Stock Research
Always do research before making an investment. I have lost money more than once because I did not do any research or not enough research before I invested in the stock market. I invested in bad oil stocks, I invested in high dividend stocks etc.
When I research a stock I started by reading about what product/service the business provides. Then I look at the industry, revenue, market cap, stock price etc. The more stocks you research the better you will become at picking winning stocks.
Stock News
Stock prices change based on the demand for stock shares. This demand is highly effected by the news of the day and news about each particular business. Markets are intertwined. Often the macroeconomics of a industry or economy can affect individual stocks.
Stay up to date. Find new investment ideas.
Here are a few places you can read the latest stock news:
- Marketwatch
- Bloomberg
- Wall Street Journal
- Financial Times
- CNBC
- Cheddar
HSA Investing
A health savings account is one of the greatest investment vehicles the financial industry offers. Every single person needs healthcare. In the United States every person will need money at some point for health related expenses.
A health savings accounts allows you save money today for future health care costs. That money is also tax deductible. And my favorite part is that any person can invest their HSA funds in the stock market so they grow larger faster. As long as those funds are used for health they are never taxed.
I highly recommend that you open and start funding your HSA. All HSA providers are not created equal. Do you research before you select a provider. Below are a few HSA providers:
- HSA Bank
- Optum Bank
- Fidelity
- Bank of America
Crypto Investing
Like it or not crypto is the future. The demand or digital assets is real and growing. With the creation of the metaverse digital currency will become more and more important. Crypto is volatile. There will be many new highs and lows based on consumer demand, but there is potential for high gains.
Here are a few places where you can invest in different crypto currencies:
- Voyager
- BlockFi
- Coinbase
- Crypto.com
- Kucoin
- Robinhood
- Sofi
- Binance
- Gemini
Display their FAQs
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