The struggle to keep up with rising living costs is real — especially with the near-historic inflation rates we see today. Now more than ever, it’s important to have a plan in place to combat these soaring costs.
So what does the 1% do to outpace inflation — and keep growing their wealth? Here are four strategies inspired by the ultra-wealthy you could use for your money. And you don’t need millions of dollars to start.
Prepare for market volatility by diversifying in gold
Stock market volatility can be financially damaging, especially as you near retirement. You could move your investments into a savings account, but have you seen interest rates lately? Another option to consider — diversify with gold.
Gold values are inversely correlated with the stock market and the dollar. When one goes down, the other usually goes up. If you want to protect your retirement funds, having diversified investments may be able to help you weather market swings.
Gold Alliance is a reputable precious metals dealer that specializes in precious metals IRAs. They make it simple to transfer funds from your current retirement account (like a 401(k) or IRA) into a precious metal IRA — with no taxes or penalties.
Gold Alliance offers a free gold information kit to help you learn more about why gold and silver could be a smart choice for diversifying your portfolio, and how the process works.
Ditch your mortgage lender
Yep, we said it. If you want to save a ton of money next month — $100, $200, $500 — you should ditch your current mortgage right now.
Our new tool will help you compare mortgage offers and rates and could help you simplify refinancing your mortgage. Which means you could slash your interest rate, lower your monthly mortgage payments and even build equity in your home faster… all so you can save money and free up breathing room in your budget.
You could even take advantage of a cash out refinance for massive savings. The money you get could help you crush your high-interest debt for good. Or you could take advantage of that potentially lucrative investment opportunity that you now have the cash for. The possibilities are endless, but you’d be crazy not to see how much you can get just by refinancing.
Pay 0% interest until 2024
Imagine getting 15 months with a low intro interest rate on a qualified balance transfer or a big purchase. You could completely change your financial picture with this industry-leading low-interest card.
Transfer your high-interest debt to the Wells Fargo Active Cash® Card Rates and Fees with a 0% intro APR for 15 months from account opening on qualifying balance transfers then a 17.24%, 22.24%, or 27.24% variable APR . Your payments can go directly to paying down your balance without incurring a pile of additional charges.
It doesn't just stop with balance transfers though. Cardholders also get a generous intro APR of 0% for 15 months from account opening on purchases then a 17.24%, 22.24%, or 27.24% variable APR.
Plus, new cardholders can get a one-time cash rewards bonus — $200 cash rewards bonus after spending $1,000 in the first 3 months. Use your card just for essentials at the gas station or grocery stores, and you can easily meet the spending requirement.
The best part? There's no annual fee.
Don't let home repairs drain your bank account
Did you know if your air conditioner stops working, your homeowner’s insurance won’t cover it? Same with plumbing, electrical issues, appliances, and more. Not being able to make repairs could leave you in a bad situation — but a home warranty could protect you against surprise expenses.
Whether you’re a brand-new homeowner or you’ve owned your home for years, a plan from Choice Home Warranty could pick up the slack where homeowner’s insurance falls short.
If a covered system in your home breaks down, you can call their hotline 24/7 for assistance to get it repaired. They have a network of over 15,000 technicians that can assist you, making sure any issue can be taken care of swiftly — without breaking the bank.
Not sure if it’s for you? Rest easy: they were named one of the "Best Home Warranty Companies" by US News 360 Reviews and were awarded Best Company's 2020 Consumer's Choice Award. For a limited time, you can get your first month free when you sign up for a Single Payment home warranty plan.
Try this clever (and fast) way to pay way less for new windows
New windows are one of the most clever (and fast) ways to instantly help boost the value of your home.
They could also help you slash your energy bill. Now, normally you have to pay a lot to upgrade your windows (and wait a long time), but with Renewal by Andersen, you can schedule a free in home consultation as early as today.
They offer a wide variety of styles to choose from, and it’s a great opportunity to update your home while saving money. To qualify, you must:
- Own your home (mortgage is fine)
- Have windows that were installed before 2016 (7 years old)
- Live in one of these zip codes
BONUS: For a limited time, take advantage of their exclusive deal: buy one, get one 40% off, plus $200 off your project. 1
BONUS: Cancel your car insurance
We’ve got bad news. You could be wasting $500 every year on overpriced, second-rate car insurance. And you should probably cancel your existing insurance right now, because there’s something much better.
This new tool from FinanceBuzz can tell you if you’re overpaying for your car insurance in just a few clicks. On average, we find around $500 a year in savings for drivers. And once you try it out, you’ll never have to look for affordable insurance again because we find you the lowest rates that other companies can’t match.
Oh, and it’s also free. And come on — you can’t tell us you don’t want to save up to $500. To find out if you’re losing up to $500 or more a year, just enter your zip code here, answer a few questions and see if you’re overpaying. It takes less than 2 minutes.