Start Building Wealth Even If You Have Bad Credit
Christina Rodgers
The key to growing wealth isn’t always to just make more money. Sometimes, it’s about using what you have to your advantage — and right now, we need to take every advantage we can.
Most importantly, experts say one of the most critical elements to building wealth is having a plan and giving it time. Here are the best ways to start building wealth today, even with bad credit:
1. Do What She Did & Stop Living With Bad Credit
There are some bills we always pay on time, and we should get credit for it! Experian Boost offers a program that everyone should take advantage of today! If your credit is on the cutoff of “Bad” to “Fair” or “Fair” to “Good,” this FREE tool could brighten your day in a few seconds.
All you have to do is sign up and verify that you have been paying your bills on time (cell phone bill, cable bill, other utilities.), and you could get an INSTANT credit score boost. Plus, it’s FREE! Nora V. got an increase of 47 points instantly! There’s no more natural way to improve your credit. Results will vary, see Experian’s website for full details.
2. Start Buying Ford Stock For Just $1.00
We all love Ford trucks, as do most Americans. So, why don’t you own a piece of the company? Stash is an app that allows you to start investing* with just $1. By purchasing fractional shares in companies like Amazon, Tesla, Ford, Apple, or Google, anyone can afford to build real wealth at a price they can afford.
You can build a diversified portfolio with very little money. A Stash Invest account allows you to invest with as low as $0.05 cents. When you open a Stash Invest account and deposit at least $5, Stash will give you a bonus of $5 to invest.
3. Cancel Your Car Insurance Now
What if someone offered you $825.00, would you take it? We would! Gabi, an insurance shopping comparison engine, is an essential app that allows average users to save $820.00 a year.
Gabi can help you find and switch to a cheaper insurance rate within minutes - for free! Just download the app and follow the instructions. Once you’re registered, you will need to allow Gabi to scan your current online insurance account (Gabi is 100% safe and secure).
Gabi will do the rest. Gabi can compare your current rate with other insurance companies like Progressive, Travelers, Nationwide, Kemper, Safeco, and many more.
4. This Company Can Consolidate Your Debt, Even With Bad Credit
Founded in 1999, AmOne has grown to become one of the nation’s largest financial assistance companies for people with fair to bad credit. AmOne advisors will help you understand your current financial situation and tailor a solution that best fits you, not line the pockets of “fat cat” lenders. AmOne advisors can also assist you in applying for a loan, up to $50,000, to get you back on track.
If you have been turned down for loans before, don’t worry. AmOne advisors have seen it all. They can assist you in getting the right solution tailored to your needs even if your FICO Score is in the 495-595 range. APR’s will vary based on your individual needs, but they can start at as low as 3.99% APR.
5. Use This Trick To Transfer Wealth & Protect Your Family From Creditors
If you own your home, chances are you have a mortgage. You may also have credit card debt. What would happen if you or your spouse died? Who would pay all the bills? A trick many people do is get an inexpensive life insurance policy to cover the mortgage and credit card debt in case they die.
A term life policy from Ladder Life Insurance is easy and affordable. If your relatively healthy and between the ages of 21-60 you can qualify. There are usually NO medical exams.
Unless you plan on hitting the lottery, you should think about getting an affordable life insurance policy. Please don’t leave your family with a pile of bills that don’t have Ben Franklin’s picture on it.
6. Never Worry About Missing A Paycheck If You Get Sick
Now is not the time to run the risk of not getting paid. What would happen to you or your family if you missed 1,2, or even three months of work? Breeze is an online disability insurance company that makes getting disability insurance easy and affordable. Disability insurance is income insurance. If you can’t work, you still need to get paid.
A Breeze disability insurance policy isn’t just for slips and falls. It can cover a cancer diagnosis, grueling treatments that follow, prolonged complications from the flu or a virus, pregnancy difficulties, recovery from a heart attack or stroke, mental wellness issues, and more. Breeze is backed by Assurity, one of the highest-rated disability insurance companies in the U.S.
There are no medical exams required. A free no-obligation quote takes about 90 seconds. You must earn at least $14,000/yr and work at least 30 hours a week. Long term disability plans start at just $9 per month.
7 Stop Paying Overdraft Fees Now
Checking accounts have an average yearly cost of $97.80 in fees, according to the federal government. Why would you give the bank an extra $100 if they won’t even give you a loan?
That’s were Aspiration Bank comes in. Aspiration is an online-only bank offering most of the services your big bank does, without all the fees.
The Aspiration Summit Checking Account has NO monthly fees. There are zero minimum balance fees, overdraft fees, and ATM fees when you use your Aspiration Bank Debit MasterCard. Your debit card also gets you 0.5% cashback on all purchases - making it a cash-back-card!
The Aspiration Bank Summit Account is an interest-bearing checking account that you can open with as little as $10. According to the bank’s website, the account earns an APY of 1%, which is up to 100 times better than the interest rate offered at big banks.
8 Stop Wasting $1,000’s On Local TV
According to Consumer Reports, most American’s pay over $2,000 a year for cable TV. That’s just ridiculous! Almost 50% of those fees go to watching local TV channels! As we face a recession economy, you need to make sure you are not wasting money.
Sling TV is a month to month service that allows you to stream up to 50 channels for just $30.00/month. SlingTV is a month/month service. So, there’s no equipment to rent, installation needed, or expensive deposits. Sling TV offers select local programming as well as CNN, AMC, ESPN, BET, E, TNT, NBC, TBS, Fox, and more. That’s one of the reason’s why Sling TV is popular and so cheap. If you can live without 1 or 2 local channels, you can save thousands of dollars by quitting cable.
PS. Our readers a get a free no-risk trial!
*Paid non-client endorsement. See Apple App Store and Google Play reviews. View important disclosures. Investment advisory services offered by Stash Investments LLC, an SEC-registered investment adviser. This material has been distributed for informational and educational purposes only and is not intended as investment, legal, accounting, or tax advice. Investing involves risk. This material is not intended as investment advice and is not meant to suggest that any securities are suitable investments for any particular investor. Investment advice is only provided to Stash customers. The offer is subject to Promotion Terms & Conditions.