Save Yourself Time and Money By Using These Best Resources
The following are the best financial resources I have found which you can use to help reach financial independence. Each product provides an actionable solution which is synergistic to the commentary I provide in my articles.
Thousands of products to choose from exist and I’ve discarded 99.9% of them. Let me help you cut through the clutter by highlighting only the best after a considerable amount of time and research.
Full disclosure: all products are affiliate partners of WealthUpdate. With every sign up, WealthUpdate may be paid a referral fee.
I do not refer people to personal loans, credit counseling, and payday loans because these are extremely high fee and interest rate products. I want people to save money and earn more money, not pay more money.
Wealthfront is a leading robo-advisor that offers low-cost, automated investment management. The service also allows you to connect (or open) a 529 savings plan to view those funds in your Wealthfront dashboard.
Motley Fool’s Stock Advisor service provides narratives and compelling rationales as a stock picking service for investing in some of the best stocks in the market. Outperforming the S&P 500 by a substantial margin during the service’s history, Motley Fool’s Stock Advisor stock research service delivers market-beating stock recommendations directly to your inbox weekly. Get started now and pay a discounted first-year member price.
Webull provides technology which empowers traders to be more profitable helping to grow users’ financial freedom. Webull’s technology also enables them to provide transparent and straightforward prices with $0 commission trades and no deposit minimums.
→ Open your Webull account today and receive one of the many free stocks Webull gives for opening an account and making a qualifying deposit.
High-yield savings accounts are federally-insured depository accounts which pay higher interest rates than the national average. Depending on where you look, high-yield accounts can earn around 1.00% APY or more (economic conditions permitting). Consider placing your money in one of the most competitive high-yield savings accounts available on the market through CIT Bank’s Savings Builder product, which offers up to 15x the national average.
If you want the best tax software with style and substance and without compromise or fear of making a mistake, TurboTax is a great choice for you to consider. The product offers superior service, has a highly intuitive design and interface, utilizes a simple question and answer format for inputting information into your return, and provides robust customer support options for those willing to pay.
Never feel lost preparing the books for your business again: bookkeeping made simple. Rely on the powerful Quickbooks Pro software package to track expenses, invoices, depreciation schedules, and more. For QuickBooks Online, the service offers a 30-day free trial and then 50% off on a monthly subscription while QuickBooks Pro has a $200 discount for a 1-year subscription.
EquityMultiple is a leading accredited investors-only commercial real estate investing platform. With competitive returns and the ability to invest both in individual and property portfolios, the service focuses on long-term investing opportunities meant to diversify your returns away from just the stock market. While the ~$5,000 minimum investment might be on the higher side, the service is well worth exploring if you’re an accredited investor seeking non-market correlated exposure for your portfolio.
Fine art has often been seen as a great investment because only one original of the artwork exists: inherently creating a supply / demand imbalance. For those patient enough to invest in fine art, they can see significant capital appreciation over the years. However, vetting, storing and handling the investment process takes a lot of work and is probably best left to professionals like those at Masterworks. Consider signing up for an account to learn more and if “blue chip” art investing is right for you.
Wine has a low correlation to stock markets and also suffers from less long-term volatility. Over time, this alternative investment option has performed well and acted a useful diversification and buffer against stock market volatility. With Vinovest, you can begin investing in fine wine with only $1,000.
Fundrise, founded in 2012, acts as one of the best platforms for investors wishing to diversify their real estate exposure. Instead of concentrating your risk and money in one property, Fundrise, which is free to sign up, allows you to invest surgically with smaller amounts of money (as little as $10) in several properties with potentially higher returns (8% – 15%) across the entire country. Learn more about this passive income investment idea.
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