6 Moves To Deal With A Recession
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This economy just flat out sucks. Raging inflation and raging interest rates, but before we throw in the towel there are some things we can do to try our best to keep on track and feel more secure.
We’ve listed 6 of these ways below, and depending on your situation and how you use them, they might be able to benefit you in this economy.
1. Get A Top Financial Advisor To Help You Manage Your Money
Now might be one of the best times to get on top of your finances with the economy being on a wild ride.
A licensed financial advisor professional could potentially do wonders for your financial future. Even if you don’t need help picking investments, they can help you create a plan, maximize your Social Security, protect your assets and offer you peace of mind by ensuring you’re on the right track.
These days, there are no-cost online services that make it easier than ever to find trustworthy financial advisers in your area. For example, Wiser Advisor. You fill out a short questionnaire and are instantly matched with up to three local fiduciary financial advisers, all legally bound to work in your best interests.
The process only takes a few minutes, and in many cases you’ll be offered a free consultation.
Nothing to lose, lots to potentially gain: Take a minute and check it out right now.
2. Help Protect Your Your Family By Leaving Them Up To $8,000,000 By Doing This Below
We hate to think about it, but who would make the mortgage and bill 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. Turn Some Of Your Home Equity Into A Lot Of Cash
This shouldn’t be done by everyone, but some people might have a good reason for it, like paying off debt or needed a large sum of cash. If you have equity in your home, you could turn some of that equity into cash with a cash-Out refinance. You could use the cash for virtually anything you want.
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.
With New American Funding, you can check your mortgage Cash-Out refinance rates in just a few clicks!
New American Funding has funded $60 billions in home loans since 2010. You’ll need a credit score of 620 or higher to get approved with New American Funding.
Find out how much cash you might be able to get from New American Funding now right here!
New American Funding: NMLS#6606
4. Use This Real Estate Platform To Generate Passive Income If You’re An Accredited Investor
Are you an accredited investor? An accredited investor meets one of the following three requirements: 1) Has an annual income of at least $200,000, or $300,000 if combined with a spouse’s income; 2) Holds a valid Series 7, 65, or 82 license; 3) Has a net worth of $1 million or more, excluding the value of a primary residence.
If you’re an accredited investor, Trion Properties offers the potential to generate passive income from its high yielding multifamily investment fund.
Sign up in 2 easy steps:
- If you would like full access to the current investment offerings on the Trion Investment Platform, provide your name and email, and a member of the Trion team will reach out and answer any questions you may have.
- Registering enables accredited investors to invest, if and when they choose. There is no enrollment fee or obligation to invest, nor will any of your personal information be shared.
Trion Properties specialize in value-add projects by acquiring underutilized assets in improving areas and transform them into modern, attractive, and affordable places to live. Through extensive renovations and hands-on management, their team optimizes net operating income (NOI) and adds economic value to each investment. Trion purchases primarily in high-growth southeast and western states.
Trion Properties rigorous investment approach helps them meet their long-term objective of delivering outsized returns without taking outsized risks. Since its inception in 2005, Trion Properties has generated an average internal rate of return (IRR) in excess of 25%.
5. This Might Sound Silly (It Shouldn’t), Art Might Be A Hugely Helpful Asset
When you think about investing you probably think about stocks and real estate. You might think that investing in fine art by the likes of Banksy and Andy Warhol is only an option for the ultra-rich. But not anymore.
Masterworks is an investment platform designed specifically for investing in contemporary artwork.
Why? Because, like a fine wine, a piece of fine art can get better — and more valuable — with time.
And maybe because, between 1995 and 2020, contemporary art has outperformed the S&P 500 by 174% — that’s nearly three times the returns — according to the Citi Global Art Market chart.
Masterworks is one of the first art investment platforms, and it’s available by invite only. (Don’t worry; we got you an invitation! skip the waitlist and sign up with Masterworks today) It lets you bypass the hard parts of art collecting, so you can just enjoy the rewards.
Here’s how it works:
- The Masterworks research team watches the art markets to discover which types of works are going up in value.
- Then it sends out an acquisition team to snatch up a piece and offers shares to member investors.
- You select shares to buy (with no minimum investment), and Masterworks uses its proprietary data to help you tailor your portfolio based on your financial goals.
- You can earn money by selling your shares to other Masterworks users, or hold onto them and earn your share of the proceeds when Masterworks sells the piece.