Life would be a lot simpler if someone just Venmoed us $1 million, but sadly that’s not likely to happen. (Besides, Venmo won’t process transfers that large.)
Even though becoming a millionaire is unlikely for most of us, we can still manage our finances like one. No, we won’t show you how to buy hundreds of shares of Apple or pick out the ideal yacht.
These are straightforward financial actions any ordinary non-millionaire can take right now. Each suggestion can move you closer to reaching your major objectives.
Check them out:
1. Cancel Your Car Insurance
Here’s the deal: your current car insurance provider is probably charging you too much. But don’t waste time calling every insurer looking for a bargain.
Use a service called EverQuote to view all your choices at once.
EverQuote is the largest online insurance marketplace in the U.S., so you’ll receive top offers from more than 175 carriers delivered to you.
Spend a few minutes answering questions about yourself and your driving history. With that information, EverQuote can recommend the best car insurance options. In just minutes, you could save as much as $610 per year.
2. Own a Piece of Amazon or Netflix — Even if You’re Not Wealthy
Glance at the Forbes richest list and you’ll notice most billionaires share one trait: they own stakes in companies.
If you work for a living and don’t have millions sitting around, that can seem completely out of reach.
That’s why many people use the Public app. It lets you do something usually reserved for the very wealthy — buy portions of other companies.
That’s right — you can invest in shares of well-known firms like Amazon, Google or Netflix, even without being wealthy. The bonus? Some companies pay dividends each quarter, giving you a slice of the profits.
It takes minutes to download the app, and after you set up your account, Public will even award you a $10 sign-up bonus.
*Valid for U.S. residents 18+ and subject to account approval. See Public.com/disclosures/.
3. Stop Paying Your Credit Card Company
If you have credit card debt, you know the stress — the high interest rates and the worry you might never get free.
Your credit card issuer is profiting from outrageous rates, but a company called AmOne could help you eliminate those balances quickly.
Here’s the process: AmOne matches you with a lower-interest loan you can use to pay off all your credit card debt. The advantage? You’ll have a single monthly payment, and because the interest is much lower, you can pay off debt much faster. Plus, you could avoid your credit card payment this month.
AmOne won’t make you wait in line or call a bank. Worried about qualifying? It’s free to check online. It takes only two minutes and might save you thousands. Worth a look.
4. Get Paid $225/Month While Watching Movie Previews
If someone told you that you could earn money while watching videos on your computer, you might laugh.
Sounds too good to be true, right?
But it’s real. By creating a free account with InboxDollars, you could earn up to $225 a month. They’ll send you short surveys daily, which you can complete while watching someone bake brownies or catch up on celebrity gossip.
No, InboxDollars won’t replace your full-time income, but it’s an easy side hustle you can do while lounging on the couch tonight, scrolling on your phone.
Unlike many platforms, InboxDollars pays in cash — no points or gift cards. It’s already paid users more than $56 million.
Signing up takes about a minute, and you’ll get a $5 starter bonus right away.
5. Add up to 300 Points to Your Credit Score
Your credit score matters, so it’s crucial to monitor and maintain it. It will influence major purchases like a house or car.
If you want to repair your credit — or boost an already decent score — try a free site called Credit Sesame.
In about 90 seconds, you’ll see your credit score, any accounts with balances and receive tailored advice to improve your rating. You can also uncover errors holding you back (one in five reports contains a mistake).
Marcus Reynolds, from Atlanta, used Credit Sesame and increased his credit score by nearly 300 points in six months.* “They guided me through the details — how to be precise and consistent,” he said.
Want to try it? It’s free and only takes about 90 seconds to register.
*Investing involves risk of loss
