If you want to be wealthy, you have to think like wealthy people do. Some of the richest people in the world like Warren Buffet and Mark Cuban are not there by accident. They have done certain things consistently over time which has helped get them where they are today.
Here are 7 things you can do in order to increase your wealth:
1. Make More Money This Week
One of the best things you can do to increase how much you can invest is to find ways to increase your income. Here are a couple ways that you can do that starting today:
Lyft will pay you to drive people around. This is a great way to make money around your already busy schedule. They are even giving a $250 bonus to those that sign up right now.
Survey Junkie will pay you for taking surveys in your spare time. They have over 6,000,000 members and this company is cool because they will pay you instantly with cash via Paypal.
Swagbucks will pay you cash for things you do every day like surfing the internet, watching videos, etc. They have paid out over $194 Million to their members.
2. Save Money Using a Robot
How would you like to save money without having to do much effort? Well, now you can.
There is a free tool called Trim which will find you cash back, cancel your unused subscriptions, and renegotiate your bills for you. They will even renegotiate your cable bill for you. The average person saves $30 per bill.
All you do is sign up, connect an account and their robotic assistant will contact you with ways that you can save money.
It is actually really cool and easy to use.
3. Get Cash Back on Things You Already Buy
Do you shop online? If so, you need to check out Ebates. You can get up to 20% cash back at sites like Expedia, Kohl’s, Amazon and more.
Click here to get a $10 cash for signing up and make your first purchase through Ebates.
4. Improve Your Credit
Although I am not a fan of borrowing money, it can be necessary to buy a home. It is even used sometimes for employment or renting a home as well.
You may want to check out Credit Sesame which will not only let you monitor your credit, but it also will give you a free credit score once per month as well.
5. Get a Life Insurance Quote
Protecting your family is one of the best things you can do and life insurance is one of the easiest and cheapest ways to make sure they are covered. Accidents happen every day. Just think about it. How many accidents have you seen or heard about in the past 48 hours?
Seriously, no one expects for bad things to happen, but truth be told, they do. In the event that you were no longer around, wouldn’t you want your family to be financially taken care of?
Life insurance will give you peace of mind in knowing that your partner and children’s financial needs will be covered should anything happen to you.
One of the best places that I have found to get a competitive life insurance quote is Haven Life. They are a life insurance startup backed by MassMutual – an insurer that has been around over 160 years.
Haven Life offers an entirely online process for buying quality term life insurance coverage. Once an application is submitted, you find out instantly whether or not your approved, and can start coverage that day. And, not all applicants need to take a medical exam.
As far as the cost, a healthy 35-year-old male can pay as little as $22.25 per month for a 20-year, $500,000 policy.
That is a small price to pay for a lot of peace of mind. Remember: your life insurance is their safety net.
To get a free life insurance quote click here.
6. Invest in Crowdfunded Real Estate
Did you know that you could invest in real estate with as little as $500? Well, now with crowd-funded real estate you can. Fundrise is one of the more popular companies that will allow you to invest at this level.
This way you can have a piece of real estate and not have the hassle of having to managing it yourself.
7. Invest in Your Future
If you want to truly become wealthy, you need to have some sort of investment strategy. For instance, if you put away only $400 per month for 40 years at 10% interest, you would have over $1.2 Million.
There are a lot of great investment companies out there, but one worth considering is Ally Invest because trades are as low as $3.95.
This is awesome because most brokers charge around $10 per stock trade.
What money moves are you taking to increase your wealth this year? Please share in the comments below.