5 Money Moves To Deal With The Pandemic & Inflation
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(We’ve updated this article to 5 of the top moves.)
The price of everything has gone up. We’ve seen home and food prices soar due to the pandemic and inflation. Now the Federal Reserve has started to raise interest rates to fight inflation, and interest rates are widely expected to continue to rise.
So how can we all get ahead? Keep reading to find out.
1. Diversify Your Investments with Art as an Investment Against Inflation
The stock market and real estate are places people tend to look to diversify their assets. With inflation it’s a good idea to try to find places to put money you think might increase a higher percentage than the rate of inflation. Art is an area which, according to Artprice, has outperformed the S&P by more than 250% from 2000 – 2018 — might be a good way to diversify your investments and safeguard your money in a fluctuating economy.
For years, blue-chip artwork was an area that only the super-rich could get involved in. But Masterworks has made it so that anyone can get started investing in top-tier pieces!
Here’s how it works. On the platform, you can invest in a portfolio of iconic works that have been carefully crafted by Masterworks’ team of research professionals. You can wait for Masterworks to sell the artwork at some point during the next 3-10 years, or you have the option to sell your shares to other investors on Masterworks’ secondary market.
You’ll only need to pay a small management fee, and in return, you’ll get all administrative costs covered, professional storage, insurance, regulatory filings, and annual appraisals.
To start investing, simply request an invite for membership today!
Read important disclaimer at masterworks.io/disclaimer
2. Get Up To $500k Cash For Your Home Without Having To Move (This is not a loan and has no monthly payments!)
Your home is extremely valuable but it’s hard to access that value unless you sell. But now, there is a new way to take advantage of a booming home market without needing to pack up and move somewhere new.
Unison might be the solution you’ve been looking for. Unison can invest in your home, giving you cash today, in exchange for a percentage share in your home’s future appreciation, allowing you to cash in on your home’s equity and take advantage of the home boom without needing to move. If you qualify, Unison will give you up to $500k or 17.5% of your home’s value. Unlike a loan, there’s no interest, no monthly payments, and no debt.
So what’s the catch? There’s no catch, really. In exchange for its investment, Unison will share in the profit or loss when you finally decide to sell your home and move out (up to 30 years later). If you decide you want to stay longer than 30 years, you can settle the agreement at the end of the term without moving out.
Get an estimate of how much cash you could get now in just a few minutes. Find out if you qualify right here. In most cases, you can use the money however you’d like. Home improvements, retirement funds, tuition, debt elimination, it’s up to you.
3. Your Homeowners or Renters Insurance Bill Is Probably Too High, Here’s How You Might Reduce It In Minutes
When was the last time you checked your homeowner or renters insurance rate? Insurance companies love when you’re lazy. You could be saving money! For many people, there are cheaper rates floating around but they just don’t know where to look.
With Lemonade, homeowners insurance starts from just $25 a month, and renters from just $5 a month. Getting insured is fast and easy – just answer a few questions about your home on Lemonade’s app or website. Already insured? They’ll help you switch, even canceling your old insurance for you.
Lemonade was ranked the most loved insurance in America by Forbes and others, and has a 4.9 Star rating in the App store.
Lemonade even offers discounts when you bundle your homeowners or renters insurance with auto or pet insurance. Get a quote now.
4. Help Protect Your Your Family By Leaving Them Up To $8,000,000
We hate to think about it, but who would make the mortgage payments if something were to happen to you? One of the smartest moves you can make is to help protect your family’s financial future. Many people underestimate how much money is needed to provide for their families after they die. This is why life insurance is very important.
The older you are, the more expensive life insurance becomes. And because today is the youngest you’ll ever be, there’s no better time than today to get a life insurance policy.
Plus, with Ladder, you can actually lock in your rate. As you age and your health declines, you’ll get to keep paying that same low premium.
Ladder offer’s term life insurance policies starting from as little as $4.95 a month, and you can complete the company’s application in 5 minutes. Ladder is 100% digital for coverage up to $3 million which means no medical exams or filling out paperwork! You’ll simply have to answer a few health questions as part of the online application.
Get your free quote from Ladder today and help ensure your family’s financial future is secure.
$4.95/month pricing is based on 20-year-old female, preferred plus rating with a 10 year term and $100,000 in coverage.
Ladder Insurance Services, LLC (CA license # OK22568; AR license # 3000140372) distributes term life insurance products issued by multiple insurers – for further details see ladderlife.com. All insurance products are governed by the terms set forth in the applicable insurance policy. Each insurer has financial responsibility for its own products.
5. A Cash-out Refinance Could Turn Some Of Your Home Equity Into Cash
If you have equity in your home, another option could be a Cash-out Refinance.
A Cash-out refinance replaces your current home loan with a new bigger mortgage, allowing you to take advantage of the equity you’ve built up in your home and access the difference between the two mortgages (your current one and the new one) in cash. The cash you get can go toward virtually anything you want, such as home improvements, paying off debt or other purposes you have.
But be careful not to replace your current mortgage with a higher interest mortgage, unless you might have good reason to do so.
With LoanDepot, you can check your mortgage Cash-out refinance rates in just a few clicks! (Loandepot is not available to New York homeowners)
LoanDepot is the official mortgage provider and proud partner of Major League Baseball.
LoanDepot has funded more than $100 billion in loans since 2010. Their licensed lending officers are held by a strict no steering policy and are not incentivized to sell one loan over another.
After you refinance with LoanDepot once, they’ll waive the lender fees and reimburse appraisal fees on any future refinance with LoanDepot.
Find out how much cash you might be able to get from LoanDepot now right here!
*Disclosure: Unison’s investment in your home must be satisfied at the earliest of (a) an ownership change; (b) the death of the last remaining signatory; (c) 30 years; or (d) material default. You can also buy us out without selling your home at any time after 5 years. Unison will not share in any decrease in value if you sell your home within five years of our investment or if you opt to buy us out without selling your home. In addition, if you do not properly maintain the condition of your home and it results in a significant decrease in your home’s market value, Unison reserves the right to offset the decrease in value with a commensurate upward adjustment for purposes of calculating our share of the change in value of your home.