Things You Must Do When Your Savings Reach $50,000

By Adam McFadden

August 1, 2023

Investing Strategies The Wealthy Use That You Should Consider Right Now

Well done! You’ve worked hard and pinched pennies to finally get to the point where your savings account is looking solid. Now it’s time for the emphasis to shift from saving to making your money work more actively.

These moves just might be what you need to keep your money growing. Best of all? It only takes a few minutes to check them out and see which ones are best for you.

Diversify Your Portfolio With Precious Metals

If the past few years have shown us anything, it’s that you can never tell what’s coming. Disruptions to the market can come out of nowhere. Between the pandemic, supply-chain issues and bear markets, a lot of people’s retirement savings felt the impact.

That’s why it can be a smart idea to look for ways to protect your retirement savings from the unpredictable. For a lot of people, investing in precious metals is a way to diversify and protect their investments. One way to do this is with a precious metals IRA through a company like Advantage Gold.

Precious metals often outperform other investments in a volatile market, and their value tends to rise with inflation, making them an effective hedge during uncertain economic times. For example, if you had invested $100,000 in gold in 2000, you’d have more than $600,000 today.

Opening a gold or silver IRA is easy, and you can roll over funds from existing retirement accounts, or transfer cash into your IRA to purchase precious metals.

And if your plans ever change, Advantage Gold offers buyback services if you decide to liquidate your investment. Plus, Advantage Gold has a 4.9 star Trustpilot rating, and their experts will guide you through all available investment options that align with your risk tolerance and goals.

Want to diversify and safeguard your investments by adding gold and silver to your portfolio? It’s easy to get started here and get your free guide to learn more.

Find the Right Expert for Your Unique Situation

You wouldn’t be reading this if you didn’t know how to save.

But there comes a time when it makes sense to get an expert opinion to make sure you’re not leaving money on the table.

Working with an experienced professional who can advise you on what to do to better diversify your portfolio is always a good idea. But who has time to sift through thousands of advisor profiles?

Unbiased does all that work for you. It matches you to the best financial advisor for your specific situation so you get an expert in the areas you need.

There’s not much to lose with no cost to use their service and no obligation to hire the advisor. Unbiased screens advisors to make sure you’re only getting matched with the best experts.

Get matched with the best expert for free.

Collect Rent Checks Without Being a Landlord

Owning rental property has always been one of the most well-known ways to earn passive income. There’s a reason so many rich people do it. There’s just one problem — we can’t all afford to just go out and buy an investment property. And we’re not exactly dying to be landlords, either.

Luckily, a company called Arrived lets you invest in rental homes and vacation properties with a minimum investment of just $1,000. The best part? You don’t even have to be a landlord. Arrived handles all the nitty gritty work.

The process is simple. Just sign up, then browse the available properties, like a single-family rental home in Charlotte, or a vacation rental in the Catskill Mountains. You decide how much you want to invest, then watch for property appreciation and quarterly rental income payments.

More than 540,000 people have already invested with Arrived, and it’s already paid out $3.5 million in dividends to its investors. Depending on the property and terms of the investment, investing in single-family and vacation-rental properties has historically yielded between 6% and 15% returns.

Want to start earning passive rental income? Click here to get started and see how much you can earn. 

Bottom Line:

It’s just as important to make your money work for you as it is to save. Some key strategies include hedging your savings against inflation with an investment like gold or silver and building passive income through real estate investments. The right financial advisor can give you the best advice for your unique situation.

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