7 Moves To Help Deal With A Potential Looming Recession
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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 7 ways that might help you do just that.
1. Don’t let your bank overcharge you anymore
Please don’t say you’re still paying bank fees. It’s 2022 don’t let the bankers steal from you anymore.
With a free Aspiration bank account and debit card you could earn up to 3% interest, earn cashback, and get paid up to 2 days early when you send your direct deposit to your Aspiration account.
You’ll have access to 55,000 free in-networks ATMs, and you can open up an Aspiration bank account and fund it with just $10 to get started.
Just enter your email address and link your bank account to see how much extra cash you can get with your free Aspiration account. And your money is also FDIC insured.
Don’t wait, open your Aspiration bank account now.
2. Invest in Artwork: Your eyes might be rolling, but artwork has historically outperformed the stock market and this company lets everyone get in on the action
You might think, what’s art got to do with a recession? You might roll your eyes until you find out that contemporary art market performance has historically outperformed the S&P 500 (which is a stock market index tracking the performance of 500 large companies listed on stock exchanges in the United States). Art might be a good way to diversify your investments and safeguard your money in a fluctuating economy.
And 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 Masterworks 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
3. 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.
4. Get your business all the cash it needs before interest rates may rise (Up to $5,000,000)
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 fill out a single application form, Fundera will show you a list of your potential lending options in one place. 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.
If your company has over $50,000 in yearly revenue, then you’ve got a good chance of getting funding.
5. When looking for ways to reduce your existing bills, start with your car insurance. This company offers car insurance starting as low as $30 a month.
Car insurance companies probably don’t love it when you shop around, that’s because you might find a cheaper rate elsewhere.
Lemonade car insurance starts at just $30 a month. It starts with fair prices because the policies are actually priced based on how you drive. Get a discount for driving with the Lemonade app, and earn a lower premium as you drive better. They also include crash detection and emergency assistance. You can get free roadside assistance that covers everything from tows, to jump starts, and tire changes! Lemonade also plants trees to help shrink your carbon footprint from driving.
Low mileage drivers can qualify for a discount to pay less as well. Want to bundle your car and home insurance? You’ll get an additional discount when you bundle with home, pet, or life insurance from Lemonade.
The Lemonade app has a 4.9 out of 5 stars rating in the App store.
6. 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.