Life would be a whole lot easier if someone would just Venmo us $1 million, but unfortunately the chance of that happening is, well, probably zero. (Venmo doesn’t allow transactions that large anyway.)
But even though our chances of becoming a millionaire are slim, we can still manage our money like one. No, we’re not going to tell you how to buy hundreds of shares of Apple stock. Or how to pick out the perfect yacht.
These are simple money moves any normal, non-millionaire person can make today. Each secret can get you closer to achieving your big goals.
Take a look:
1. Use This Secret Banking Account
Here’s the deal: If you’re not using Aspiration’s debit card, you’re missing out on extra cash.
Yep. A debit card called Aspiration gives you up to a 10% back every time you swipe, plus they give you up to 100x the normal interest rate on your balance.
Need to buy groceries? Get extra cash.
Need to fill up the tank? Bam. Even more extra cash.
This card used to have a huge waiting list, but you’re now eligible to sign up for free.
Enter your email address here , and link your bank account to see how much extra cash you can get with your free Aspiration account. And don’t worry. Your money is FDIC insured and under a military-grade encryption. That’s nerd talk for “this is totally safe.”
2. You Can Buy an Apartment Building (Even If You’re Not Rich)
This year has been a rollercoaster. Historically, though, real-estate investing offers the best long-term returns. (Does the name Rockefeller ring a bell?)
That’s why we like investing with pros like DiversyFund . They’ll help you make long-term investments in apartments and office buildings all over the country — and you don’t have to be a millionaire. You can get started with only $500.
You can see exactly which properties are included in your portfolios — like a 200-unit apartment complex in Killeen, Texas or a 59-unit building in San Diego. And you don’t have to be the landlord — DiversyFund does all the heavy lifting.
Because they know how to ride out the market’s ups and downs, they’ve historically seen annual returns of 17% to 18%, though they can’t make any promises.
As a partial owner, you make money on rent payments and when property values go up. It takes just a few minutes to sign up and own your first apartment building.
3. You Should Cancel Your Car Insurance
When was the last time you shopped around for car insurance? Was it more than six months ago?
If so, you’re probably overpaying — by hundreds of dollars. Yep. Experts say you should compare rates twice a year to get the best deal.
Twice a year? Yeah, we don’t want to do that either.
A website called EverQuote makes it super easy to compare car insurance prices. All you have to do is answer a few questions about yourself and your driving record, and it’ll show you your options.
Doing this could save you up to $610 per year on your insurance. Seriously.
It takes just a few minutes to look at your options and see how much you could save. And the best part? Because we’re driving less, some insurers are slashing prices this month.
4. Spend $1 to Own a Piece of Amazon, Google or Other Companies
Investing is a smart way to make you richer. While the stock market does go up and down over days, weeks and months, over time, the returns tend to rise.
If you haven’t started investing and have some money to spare, you can start small, then build your way up. In fact, you can get started with as little as $100 with an app called M1 Finance .
We like M1 Finance because it lets you choose from hundreds of stocks and funds to build your own investment portfolio. But it makes it simple by breaking them down into categories based on your personal goals. Want to invest conservatively right now? Totally get it! Want to dip in with moderate or aggressive risk? Do what you feel.
Plus, with M1 Finance, you’re able to invest in fractions of shares, which means you can invest in funds you wouldn’t normally be able to afford.
It takes two minutes to sign up , and it’s totally secure.
Plus, when you use the link above, M1 Finance will give you a $30 sign-up bonus once you deposit $1,000 into your account.
5. You Can Give Your Family up to $1M
Have you thought about how your family would manage without your income after you’re gone? How they’ll pay the bills? Send the kids through school? Now’s a good time to start planning for the future by looking into a term life insurance policy.
You’re probably thinking: I don’t have the time or money for that. But your application can take minutes — and you could leave your family up to $1 million with a company called Bestow .
Rates start at just $16 a month. The peace of mind knowing your family is taken care of is priceless.
If you’re under the age of 54 and want to get a fast life insurance quote without a medical exam or even getting up from the couch, get a free quote from Bestow .
6. You Can Quickly Add up to 300 Points to Your Credit Score
You might not think your credit score is that important. In fact, you might not think much about it at all. But what happens when you want to buy a car? Or a house? Unfortunately, those three little numbers play a huge role in whether you’ll be able to do that.
And if you have an error on your credit report (one out of five reports do), that could stand in your way.
Thankfully, a website called Credit Sesame will help you detect any errors — for free. It shows you why you have the score you do and gives you personalized tips to steer you in the right direction.
Salome Buitureria, a working mom in Louisiana, found a major error on her report this way. Using Credit Sesame, she was able to fix the mistake and take additional steps to raise her credit score from 524 to nearly 700.
Now she and her husband feel like they’re in a better position for their biggest goal — purchasing a house. It only takes about 90 seconds to sign up .
*For Securities priced over $1,000, purchase of fractional shares starts at $0.05.
**You’ll also bear the standard fees and expenses reflected in the pricing of the ETFs in your account, plus fees for various ancillary services charged by Stash and the custodian.
The Penny Hoarder is a Paid Affiliate/partner of Stash. 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.
Disclosure: Some of the links in this post are from our sponsors.