7 Moves To Deal With A Potential Looming Recession
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(We’ve updated this article to 5 of the top ways)
We just went through two years of soaring stock prices, soaring home prices, soaring car prices, and the government pumping huge amounts of money into the economy. A lot of people made a lot of money. But things have been changing and if you think the good times can’t end, you might be mistaken. Lots of finance professionals are sounding the alarm on the high risk of an economic recession.
So what can you do to prepare for the potential of not so good times ahead? Keep reading about 5 things that could help.
1. Find Out How Much You Might Get To Sell Your Home In Just 3 Minutes
You probably have at least considered putting your home on the market. But did you know there’s a way you might receive a cash offer within 24 hours without any broker, or any showings?
Offerpad will carefully evaluate your home with local market expertise, and could give you a competitive cash offer within 24 hours. All you need to do is fill out a short 3-minute questionnaire.
If you choose to accept your offer, Offerpad will also provide you with free local moving to your next place. You can also pick your closing day, which could be in as little as 24 hours, or choose to extend your stay to live in your current home a little longer.
Find out what your home’s cash offer is in 3 minutes right now.
2. 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.
3. Get Up To $500k Cash For Your Home Without Having To Move (This is not a loan and has no monthly payments!)
You’ve probably at least considered selling your home to take advantage of this current market and cash out. But of course, you might have trouble finding a new home for a reasonable price, or you might just love your current home too much to leave it.
A company called Unlock might be the solution you’ve been looking for. Unlock 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, Unlock will give you up to $500k or 43.5% of your home’s value in cash. Unlike a loan, there’s no interest, no monthly payments, and no debt.
Get your no obligation cash offer estimate in 3 steps taking less than 60 seconds:
- Enter your address.
- Enter some basic property information.
- Instantly get your no obligation cash offer estimate.
So what’s the catch? There’s no catch, really. In exchange for its investment, Unlock will share in the profit or loss when you finally decide to sell your home and move out (up to 10 years later). If you decide you want to stay longer than 10 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. See if you qualify for a Unlock investment in less than 60 seconds. Just enter your address and some basic information. You can use the money however you’d like: make home improvements, fund a child’s education or your retirement, eliminate debt … it’s up to you.
4. Your Homeowners, Renters, & Auto Insurance Bills Are Probably Too High, Here’s How You Might Reduce It In Minutes
When was the last time you checked your homeowners or renters or auto 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. You may be able to save up to $947 a year.
With Liberty Mutual, you could customize your car and home or renters insurance to save $947 a year. It takes just a couple of minutes to check your rate.
You could only save further with an online purchase discount and get rewarded for things like good driving behavior. There’s also a possible paperless policy discount and a pay-in-full discount.
Whether you’re looking for a better rate on home or auto insurance (or both), get a quote right now
5. Get your business all the cash it needs before interest rates rise
Think you got enough cash for your business? That’s great. Think you might need more? It might make a lot of sense to get the funding you need before interest rates potentially go higher.
Fundera could help your business get to the next level or stay alive during a recession. Fundera will show you a list of multiple funding options for your business in 2 minutes, so you can choose what’s best for you.
After you enter how much money you’re looking for and some basic info, Fundera will show you a list of your funding options. They will even provide you with one of their very own lending specialists who can help you go over your options and determine which loan is best for you.