Have you ever wondered how a millionaire becomes a millionaire? Well, some were born that way – how does the silver spoon taste? Others were lucky. But many reached this 7-digit milestone through hard work and smart money decisions.
If you are looking for this kind of financial advice, you probably already know how to pursue your dreams. Whether it was buying your first home, getting the big promotion or maxing out our 401 (k), you know what it feels like to set a financial goal and reach it. Becoming a millionaire is no different than the other goals. You can approach it the same way – just take it step by step and make smart decisions.
To make your path to $ 1,000,000 a little easier, we’re here to share some simple lessons from millionaires who came before you.
Invest in Apple, Tesla or Amazon for only $ 1
An important first step on your path to a million dollar net worth may be to come up with an investment strategy. Even if it’s not a lot of money, do not let it stop you – you can start investing with only $ 1.
Stash is a great place for beginning investors to get started. You can invest in fractional shares (sub-shares) in companies that are well-known names like Apple, Tesla and Amazon. A single share of some companies can cost hundreds or even thousands of dollars, but with fractional shares you can invest with as little as $ 1.
If you are considering saving up for retirement, you can start investing in an IRA and enjoy the tax benefits that come with retirement accounts. Stash also offers tools and guidance to help you along the way.
BONUS: Stash will give you $ 5 for your first investment after you sign up and deposit $ 5 or more into your personal portfolio.1
Sign up for Stash now
Terminate your car insurance
We have bad news. You can waste $ 500 every year on overpriced, second-class car insurance. And you should probably terminate your existing insurance right nowbecause there is something much better.
This new tool from FinanceBuzz can tell you if you are paying too much for your car insurance with just a few clicks. On average, we find around $ 500 a year in savings for drivers. And once you’ve tried it, you’ll never have to look for affordable insurance again because we’ll find you the lowest prices that other companies can not match.
Oh, and it’s free too. And now come on – you can not tell us you do not want to save up to $ 500. To find out if you’re losing up to $ 500 or more a year, simply enter your zip code here, answer a few questions and see if you pay too much. It takes less than 2 minutes.
See if you pay too much
Do not pay too much when shopping online
Shopping online has its benefits. It is super convenient, but it can be time consuming to find the best deals. Instead of chasing coupon codes (which don’t always work!) And opening tons of browser tabs that compare prices, try Capital One Shopping.
Capital One Shopping makes it easy to save money. Just add the browser extension, and when you check out, it will crawl the web for coupon codes to help you save money. And before you check out favorite stores like Amazon, Target and more, Capital One Shopping will let you know with a friendly pop-up if the item you are buying is available cheaper elsewhere.
Capital One Shopping is free to use and does not show you ads. Add it today and stop paying too much!2
Get Capital One Shopping now
Get out of $ 10,000 or more in debt
If you have a lot of debt, it can feel stressful (and almost impossible to get out of it). Here’s the problem: the longer you put off tackling, the harder it becomes to solve. If you do not take control of it early, it can add unnecessary stress to your life for years. But what if there was a way to get out of debt once and for all?
National Debt Relief could help. If you have more than $ 10,000 in debt from credit cards, medical bills, collections or personal loans, their representatives may be able to help you consolidate your debt into a low monthly payment.
Best of all? There is zero fees until your debt is settled and you can be debt free in 24-48 months. To get started, just answer a few simple questions. It only takes 30 seconds to see if you qualify!
Try National Debt Relief
Release your mortgage lender
Yes, we said that. If you want to save a ton of money next month – $ 100, $ 200, $ 500 – you should drop your current mortgage right now.
Our new tool helps you compare mortgage quotes and rates and can help you simplify the refinancing of your mortgage. Which means you can lower your interest rates faster, lower your monthly mortgage repayments, and even build equity in your home … all so you can save money and free up breathing space in your budget.
You can even take advantage of a payout refinance for massive savings. The money you get can help you crush your high-interest debt forever. Or you can take advantage of the potentially lucrative investment opportunity that you now have money for. The possibilities are endless, but you would be crazy not to see how much you can get just by refinancing.
See how low your rate and payment could be
Pocket over $ 750 for your next vacation
There are many reasons why Chase Sapphire Preferred credit cards are considered to be one of the best travel cards available but the current 80,000 point sign-up bonus makes it a must-have for any traveler. The huge sign up bonus is worth $ 750.00 when redeemed for travel through Chase Ultimate Rewards.
In addition, you can turn all your expenses into even more rewards that you can use for a much-needed vacation. Earn 5X points on Lift trips and travel booked through Chase Ultimate Rewards; 3X points on qualified dining, select streaming services and online grocery purchases; 2X points on the trip; and 1X points per. $ 1 on all other eligible purchases.
Chase Sapphire Preferred offers other great ongoing benefits including free insurance coverage like luggage delay insurance, travel cancellation insurance, travel cancellation insurance and primary car rental collision damage exemptions.
Now back to the deadly bonus: do not forget that you can earn 80,000 points after spending $ 4,000 on purchases for the first 3 months!
Learn more about the benefits of this card
Build wealth better than the 1%
The 1% do not deserve all the riches. So why do we keep letting that happen?
Worthy is an email newsletter that teaches you how to invest smarter, make more money and live the life you want. It’s for the rebels, the radicals, the 99% who are fighting like hell to serve their team. Easy to consume in less than 5 minutes a day, you get the latest financial resources, news and money trends that can affect your wallet in the years to come.
Sign up for Worthy today (it’s free)