The more money you save the more money you will have to invest.
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.
Growing your wealth starts with getting your head out of the sand. If you want to grow your net worth you should track your progress. Know where you, even if you are in debt. Know where you want to go. If you want to be a millionaire track your net worth till you get there.
- Track your net worth monthly – Click here to download
- Track your monthly change in net worth – Click here to download
CREDIT CARD 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.
Below are the links to various banks and resources that offer credit cards.
- American Express
- Bank of America
- Wells Fargo
- Capital One
- Blockfi – Crypto credit card
- M1 Finance – Stock rewards credit card
- US Bank
- Apple credit card
CREDIT CARD COMPARISON
- The Points Guy
- One Mile At A Time
CHECK YOUR CREDIT SCORE
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.
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.
Below are a list of Stock Investing platforms that will get you started investing:
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.
Here are some sites where you can do stock research:
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:
Newsletters are an old industry, but a new discovery for me. These short publications can be a great way to follow an investment niche. They can also provide high quality information in a short amount of time.
Here are some great newsletter providers.
Never invest money in something you do not understand. The stock market is volatile and many people have lost money. Playing a stock market game or trying a stock market simulator is a great way to learn how to invest money in the stock market. Learn the terminology. Track the performance of stocks like Apple and Tesla.
Stock market games allow you to pick stocks and track their real time performance. You can see how your choices would perform and them make adjustments when you decide to invest real dollars.
I would recommend that anyone play a stock market game before they begin investing.
Here are a few different stock market game providers:
- The Stock Market Game
- Marketwatch Virtual Stock Exchange
- Personal Finance Lab
- Investopedia Stock Simulator
- Wall Street Survivor
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:
INVESTING IN CRYPTO
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:
Each person should have an emergency fund.
When I lost my job and could not afford my home I had no savings. Savings is your financial foundation from which you can build an empire on.
Having a separate savings account from your checking account will create separation that will keep from spending money that is reserved for emergencies.
Here are a few savings account providers:
If you own a car you need car insurance to drive. There are a lot of different insurance providers. Choose one that offers you a great deal and service.
- State Farm
The world is moving to electric vehicles and electric is expensive. You will most likely need a car loan at some point in your life.
For 99% of the population a home is going to be the biggest investment you make in your life
Home insurance is a must if you want to protect your most valuable asset.
- Liberty Mutual
The mortgage business is complicated and time consuming. There are many different places you can get a home loan.
You have skills that are valuable. You have a job, family, siblings, parents. Life insurance can help protect the people around you that rely on you.
- Northwestern Mutual
- Pacific Life
- Mutual of Omaha
SURVEYS TO MAKE MONEY
There are so many ways to make money online and there are more surveys than ever before that you can use to earn points, rewards or cash.
SIDE HUSTLES TO EARN MONEY
- Millenial Money Man
- The Penny Hoarder
- THE SAVVY COUPLE
- Millenial Money
- Side Hustle Nation
STARTING A BUSINESS
SAVE MONEY ON FOOD
- Sam’s Club
- Crazy Coupon Lady
SAVE MONEY ON CLOTHING
SAVE MONEY ON HOUSING
SAVE MONEY ON TRAVEL
SAVE MONEY ON FITNESS
TAX LOSS HARVESTING
GET OUT OF DEBT
SELL YOUR PRODUCTS
- Facebook Marketplace
MONEY TWITTER ACCOUNTS
- Think And Grow Rich
- The Richest Man In Babylon
- A Random Walk Down Wall Street
- The Millionaire Next Door
- I Will Teach You To Be Rich
STARTING A BLOG
STARTING AN ONLINE STORE