7 Ways to Set Yourself Up for Financial Freedom

Last updated Dec 17, 2020 | By FinanceBuzz Editors

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Wouldn't it be nice to have financial freedom? You could quit your job, be free of crushing debt, and stop worrying about money altogether. You'd finally be free to spend your time doing things you love. 

Contrary to popular belief, this isn’t a lofty way of life reserved just for the rich and powerful. It's accessible to anyone. And if you put in just a little bit of effort, you can achieve it too.

Sure, it won't happen overnight. But there are some easy, actionable steps you can take today to set yourself up for financial freedom for years to come.

Get $10 to start investing in Tesla, Amazon, Apple, and other companies

Once you've paid all your essential monthly bills, you may want to take a look at what's left in your bank account and come up with an investing strategy. Even if it's not a lot of money, you don't have to let that stop you — you can start investing with $5 or less.

Stash was built to help beginner investors get started. You can buy fractional shares (partial shares) in companies that are household names like Apple, Google, Amazon, and more4. Normally a single share of these companies could cost hundreds or even thousands of dollars, but you only need as little as $5 to get started with Stash.

If you're thinking about saving 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.

As a bonus, Stash will give you $10 to invest after you deposit $5 or more into your personal portfolio.2

Want even more tools and guidance? If you choose the Stash+ plan3 when signing up, you can earn 2x stock rewards when you spend on eligible purchases!5

Sign up for Stash now

Save up to $500 on car insurance

Car insurance can be expensive, so you want to make sure you're not overpaying on your current premium.

FinanceBuzz has made it easy to search and compare quotes. Think of it as Kayak, but for car insurance.

We can help match you to insurance carriers and regional agencies to help you save on your car insurance. FinanceBuzz can save drivers up to $500 per year compared to their current insurance premiums.

It takes less than 5 minutes to fill out the form and you'll receive a list of matches that show you online, email, and potentially phone quotes.

Click here to get started

 

Build your retirement fund without breaking a sweat

Budgeting isn't easy. It can be oh so tempting to spend on today's wants versus tomorrow's goals.

If you need a little help prioritizing saving, consider Digit. It's like your smart financial assistant, dedicated to helping you achieve your financial goals. Just tell Digit what your goal is — maybe it's paying off credit card debt, saving for a vacation, or saving for an early retirement — then let their sophisticated algorithms do the rest.

Digit will analyze your spending habits then automatically move the perfect amount to your secure Digit account. You'll start saving without even thinking about it or changing your lifestyle.

Digit has already helped its users save over $4 billion dollars!

Download Digit now

Trim up to $720 from your bills with the budgeting app that does it all

Ever look at your bank account and wonder where your paycheck went? Poof, it's gone and you're not exactly sure where you spent it. A budgeting app like Truebill can help you take control of your money — spend intentionally on the things you value and stop throwing money away on unimportant things.

Once you have a complete picture of your finances, it's easy to see ways to save. And Truebill can help make those potential savings a reality. Their expert negotiators can call the cable company and phone company to help lower your bills. They'll also help you cancel unwanted subscriptions and put that money back in your bank account where it belongs.

Truebill has already helped save its members over $50,000,000 on their bills without much time and effort.

Download Truebill now

 

See if you can raise your credit scores in real time

Your credit scores affect whether you can get approved for a loan, a credit card, or even a new job. Usually it can take weeks or months to improve your credit scores, but there's an innovative new feature that could help you raise your FICO® Scores1 instantly.

Experian Boost™ can help you get credit for making on-time payments for your phone and utility bills. The process takes just minutes and if qualifying payments are identified, you can include this positive information in your Experian credit file. (Don't worry: If you have any negative marks, those won't count against you.)

Since launching, Experian Boost has collectively increased FICO® Scores across America by over 10 million points. It's 100% free and new potential credit scores take effect immediately.

Sign up for Experian Boost now

Stash Benefits

  • Get $10 to make your first investment
  • Invest in stocks, bonds, and ETFs
  • Fractional shares available
  • Start investing with just $1

Author Details

FinanceBuzz Editors The editors at FinanceBuzz are a team of personal finance professionals dedicated to providing readers with accurate, helpful advice.