You don't need massive savings to generate wealth. With $1,000 in your bank account, you can start making moves that can secure your financial future.
The landscape of investing has changed radically in the last 10 years. There are now companies specifically designed to help small-time investors out-perform the stock market. There are easy-to-launch strategies that can help you generate wealth.
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1. Invest In Fortune 500 Companies For As Little As $1
What does pretty much every millionaire have in common? They probably invest in companies.
Investing can make your money grow—but it can be hard to get started. After all, a single share of many household companies can cost more than $100.
But now we have Stash, and it's never been easier to start building a financial portfolio.
Stash lets you invest in massive players like Apple, Amazon, Tesla, and other big companies for as little as $1. It may sound like a small start, but if these companies grow, so can your investment.
Stash can make it a snap for you to start investing on any scale that you want. Signing up is easy, and they'll even give you $5 after you deposit your first $5 into your new invest account*. From there, you can start investing and earning dividends.
2. Stop Paying Too Much For Car Insurance
For a lot of people, car insurance is a massive monthly expense, but unfortunately, it's a necessity. You can't just drive around without insurance, so most of us just grit our teeth and sign up for the first deal we find.
But there's a better way.
Gabi is a completely free website that will compare insurance rates across the entire industry. It just takes a couple clicks, and the savings are remarkable. On average, Gabi users save $961 every year.
It couldn't be easier. Just put in your current insurance plan and Gabi will compare the coverage that you can get from 40+ companies.
Many drivers would love to use a service like Gabi to save $961 per year, but are afraid that cancelling their existing plan will be a hassle. Gabi can help you cancel your old policy and even get a refund when you switch. Once Gabi finds you a better insurance price, you can usually just switch over without even waiting for your next renewal.
3. Leave $1 Million To Your Loved Ones
Not everyone can inherit millions from a wealthy old uncle—but you don't have to be rich to make sure your family is taken care of. With Bestow, you could get a life insurance policy worth up to $1 million without paying an arm and a leg.
Bestow has rates that start as low as $8 a month. That's a deal you can't get from any of the old-fashioned providers.
Getting a life insurance policy now will save money in the long term. The longer you wait, the more expensive rates become.
Bestow can give you a free quote in minutes and offer you a policy that can ensure your loved ones inherit $1 million.
4. Stop Paying Insane Interest On Credit Card Debt
Debt. It's the elephant in the room for so many of us. Credit card debt can hold you back from achieving your goals—and the weight of it can be crushing. But there's an easy way to get rid of debt and start living your life.
If your high-interest credit cards are building up, check out Freedom Debt Relief, a financial service that can help you wipe them out.
Freedom can match all of your credit card debt with a loan at a fraction of the interest rate. Your credit cards are probably charging you 20% or more on your debt—Freedom can reduce your interest rate as low as 3.49%.
Freedom is America's largest debt relief company. They've helped more than 750,000 people and have settled more than $12 billion in consumer debt.
*Factinate is a paid affiliate/partner of Stash. Promotion is subject to Terms and Conditions. The monthly subscription fee starts at $5.00 and you’ll also bear the standard fees and expenses reflected in the pricing of the ETFs in your account, plus fees for various ancillary services charged by Stash and the Custodian. Investing involves risk.
For Securities priced over $1,000, purchase of fractional shares starts at $0.05.
