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7 Steps Every 38-Year-Old Should Make If They Want To Retire Early

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners.

If you want to retire before 66 but your income doesn’t allow you to invest thousands of dollars a month, we’ve got seven simple steps 38-year-olds can use as a starting point to set your retirement planning up for greater success and earlier achievement.

1. Give Your Family $1,000,000

Have you thought about how your family would manage without your income after you’re gone? Chances are your retirement savings and checking account balance won’t last forever.

But you could still leave them up to $1 million in life insurance.

A company called Bestow can help you leave your family up to $1 million in term life insurance, and it can cost less than your monthly Netflix subscription.

We get it — it’s one more bill, and who has time to sign up? But we hear people are paying as little as $16 a month. 

It takes just minutes to sign up and see how much life insurance you can leave them — even if you don’t have seven figures in your bank account.

2. Buy a Piece of a Corporation (Even If You’re Not Rich)

Imagine if you had bought one share of Amazon for $18 when the stock first went public. Today, it would be worth more than $20,000 — despite all the ups and downs in the stock market.

But if you work for a living and don’t happen to have millions of dollars lying around, that can sound totally out of reach.

That’s why a lot of people use the app StashThey make it easy, plus they’ll give you $5 of stock in Amazon or Google (or another company of your choice) just for opening an account. 

The best part? When these companies you invest in profit, so can you. Some companies even send you a check every quarter for your share of the profits, called dividends. 

Enter your email address to quickly sign up (you only need to deposit $5 into your investment account to get the $5 bonus).

3. See If You Can Get Free Money From This Company

Here’s the deal: If you’re not using Aspiration’s debit card, you’re missing out on extra cash. And who doesn’t want extra cash?

Yep. A debit card called Aspiration gives you up to a 10% back every time you swipe.

Need to buy groceries? Extra cash.

Need to fill up the tank? Bam. Even more extra cash.

You were going to buy these things anyway — why not get this extra money for your retirement account in the process?

Enter your email address here and link your bank account to see how much extra cash you can get with a free Aspiration account. Don’t worry. Your money is FDIC insured and under a military-grade encryption. That’s just nerd talk for “this is totally safe.”

4. Cancel Your Car Insurance 

When was the last time you compared car insurance rates? Chances are you’re seriously overpaying with your current policy. 

If it’s been more than six months since your last car insurance quote, you should look again. 

And if you look through a digital marketplace called SmartFinancial, you could be getting rates as low as $22 a month — and saving yourself more than $700 a year. 

It takes one minute to get quotes from multiple insurers, so you can see all the best rates side-by-side. Yep — in just one minute you could save yourself $715 this year. That’s some major cash back in your pocket.So if you haven’t checked car insurance rates in a while, see how much you can save with a new policy.

5. Get up to $200 in Free Stocks

Imagine if you had bought one share of Amazon for $18 when the stock first went public. Today, it would be worth more than $20,000 — despite all the ups and downs in the stock market.

Here’s the thing about millionaires: They know the sooner you start investing, the better. And we found a company that will give you free stock to get started.  

An investing app called Robinhood will give you up to $200 worth of free stock in companies like Visa, Microsoft and GE, just for downloading its app and opening a free account. 

Robinhood is free and easy to navigate, which is why more than 10 million people use it — including both news junkies looking to outsmart the market and people who want to carefully put a few bucks away in a long-term investment.

It takes just a couple of minutes to sign up and get your free stock — you may even just get a share of the “next Amazon.”

6. Get a Free $2,700 to Put in Your Retirement Account

It’s been a historic year in news, and we’re all constantly refreshing for the latest updates. You probably know more than one news-junkie who fancies themselves an expert in respiratory illness or a political mastermind.

And research companies want to pay you to keep watching the news. You could add up to $2,700/year to your retirement account by signing up for a free account with InboxDollars

It’ll present you with short news clips to choose from every day, then ask you a few questions about them. You just have to answer honestly, and InboxDollars will continue to pay you every month. 

This might sound too good to be true, but it’s already paid people more than $59 million.

Enter your email address here and you’ll immediately get a $5 bonus to get you started.

7. Add up to 300 Points to Your Credit Score

When it comes to your retirement, one of the most important components is your credit score. After all, it’ll play an essential role in any big purchase you want to make — whether that’s a home or a car.

So if you’re looking to get your credit score back on track — or even if it is on track and you want to bump it up — try using a free website called Credit Sesame.

Within two minutes, you’ll get access to your credit score, any debt-carrying accounts and a handful of personalized tips to improve your score. You’ll even be able to spot any errors holding you back (one in five reports have one).

James Cooper, of Atlanta, used Credit Sesame to raise his credit score nearly 300 points in six months.*** “They showed me the ins and outs — how to dot the I’s and cross the T’s,” he said.

Want to check for yourself? It’s free and only takes about 90 seconds to sign up.

The Penny Hoarder is a Paid Affiliate/partner of Stash.

* This material is not intended as investment advice and is not meant to suggest that any securities are suitable investments for any particular investor. Investment advice is only provided to Stash customers.

 ** 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.

Categories
Save Money

7 Steps Every 37-Year-Old Should Make If They Want To Retire Early

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners.

If you want to retire before 66 but your income doesn’t allow you to invest thousands of dollars a month, we’ve got seven simple steps 37-year-olds can use as a starting point to set your retirement planning up for greater success and earlier achievement.

1. Give Your Family $1,000,000

Have you thought about how your family would manage without your income after you’re gone? Chances are your retirement savings and checking account balance won’t last forever.

But you could still leave them up to $1 million in life insurance.

A company called Bestow can help you leave your family up to $1 million in term life insurance, and it can cost less than your monthly Netflix subscription.

We get it — it’s one more bill, and who has time to sign up? But we hear people are paying as little as $16 a month. 

It takes just minutes to sign up and see how much life insurance you can leave them — even if you don’t have seven figures in your bank account.

2. Buy a Piece of a Corporation (Even If You’re Not Rich)

Imagine if you had bought one share of Amazon for $18 when the stock first went public. Today, it would be worth more than $20,000 — despite all the ups and downs in the stock market.

But if you work for a living and don’t happen to have millions of dollars lying around, that can sound totally out of reach.

That’s why a lot of people use the app StashThey make it easy, plus they’ll give you $5 of stock in Amazon or Google (or another company of your choice) just for opening an account. 

The best part? When these companies you invest in profit, so can you. Some companies even send you a check every quarter for your share of the profits, called dividends. 

Enter your email address to quickly sign up (you only need to deposit $5 into your investment account to get the $5 bonus).

3. See If You Can Get Free Money From This Company

Here’s the deal: If you’re not using Aspiration’s debit card, you’re missing out on extra cash. And who doesn’t want extra cash?

Yep. A debit card called Aspiration gives you up to a 10% back every time you swipe.

Need to buy groceries? Extra cash.

Need to fill up the tank? Bam. Even more extra cash.

You were going to buy these things anyway — why not get this extra money for your retirement account in the process?

Enter your email address here and link your bank account to see how much extra cash you can get with a free Aspiration account. Don’t worry. Your money is FDIC insured and under a military-grade encryption. That’s just nerd talk for “this is totally safe.”

4. Cancel Your Car Insurance 

When was the last time you compared car insurance rates? Chances are you’re seriously overpaying with your current policy. 

If it’s been more than six months since your last car insurance quote, you should look again. 

And if you look through a digital marketplace called SmartFinancial, you could be getting rates as low as $22 a month — and saving yourself more than $700 a year. 

It takes one minute to get quotes from multiple insurers, so you can see all the best rates side-by-side. Yep — in just one minute you could save yourself $715 this year. That’s some major cash back in your pocket.So if you haven’t checked car insurance rates in a while, see how much you can save with a new policy.

5. Get up to $200 in Free Stocks

Imagine if you had bought one share of Amazon for $18 when the stock first went public. Today, it would be worth more than $20,000 — despite all the ups and downs in the stock market.

Here’s the thing about millionaires: They know the sooner you start investing, the better. And we found a company that will give you free stock to get started.  

An investing app called Robinhood will give you up to $200 worth of free stock in companies like Visa, Microsoft and GE, just for downloading its app and opening a free account. 

Robinhood is free and easy to navigate, which is why more than 10 million people use it — including both news junkies looking to outsmart the market and people who want to carefully put a few bucks away in a long-term investment.

It takes just a couple of minutes to sign up and get your free stock — you may even just get a share of the “next Amazon.”

6. Get a Free $2,700 to Put in Your Retirement Account

It’s been a historic year in news, and we’re all constantly refreshing for the latest updates. You probably know more than one news-junkie who fancies themselves an expert in respiratory illness or a political mastermind.

And research companies want to pay you to keep watching the news. You could add up to $2,700/year to your retirement account by signing up for a free account with InboxDollars

It’ll present you with short news clips to choose from every day, then ask you a few questions about them. You just have to answer honestly, and InboxDollars will continue to pay you every month. 

This might sound too good to be true, but it’s already paid people more than $59 million.

Enter your email address here and you’ll immediately get a $5 bonus to get you started.

7. Add up to 300 Points to Your Credit Score

When it comes to your retirement, one of the most important components is your credit score. After all, it’ll play an essential role in any big purchase you want to make — whether that’s a home or a car.

So if you’re looking to get your credit score back on track — or even if it is on track and you want to bump it up — try using a free website called Credit Sesame.

Within two minutes, you’ll get access to your credit score, any debt-carrying accounts and a handful of personalized tips to improve your score. You’ll even be able to spot any errors holding you back (one in five reports have one).

James Cooper, of Atlanta, used Credit Sesame to raise his credit score nearly 300 points in six months.*** “They showed me the ins and outs — how to dot the I’s and cross the T’s,” he said.

Want to check for yourself? It’s free and only takes about 90 seconds to sign up.

The Penny Hoarder is a Paid Affiliate/partner of Stash.

* This material is not intended as investment advice and is not meant to suggest that any securities are suitable investments for any particular investor. Investment advice is only provided to Stash customers.

 ** 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.

Categories
Save Money

7 Steps Every 36-Year-Old Should Make If They Want To Retire Early

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners.

If you want to retire before 66 but your income doesn’t allow you to invest thousands of dollars a month, we’ve got seven simple steps 36-year-olds can use as a starting point to set your retirement planning up for greater success and earlier achievement.

1. Give Your Family $1,000,000

Have you thought about how your family would manage without your income after you’re gone? Chances are your retirement savings and checking account balance won’t last forever.

But you could still leave them up to $1 million in life insurance.

A company called Bestow can help you leave your family up to $1 million in term life insurance, and it can cost less than your monthly Netflix subscription.

We get it — it’s one more bill, and who has time to sign up? But we hear people are paying as little as $16 a month. 

It takes just minutes to sign up and see how much life insurance you can leave them — even if you don’t have seven figures in your bank account.

2. Buy a Piece of a Corporation (Even If You’re Not Rich)

Imagine if you had bought one share of Amazon for $18 when the stock first went public. Today, it would be worth more than $20,000 — despite all the ups and downs in the stock market.

But if you work for a living and don’t happen to have millions of dollars lying around, that can sound totally out of reach.

That’s why a lot of people use the app StashThey make it easy, plus they’ll give you $5 of stock in Amazon or Google (or another company of your choice) just for opening an account. 

The best part? When these companies you invest in profit, so can you. Some companies even send you a check every quarter for your share of the profits, called dividends. 

Enter your email address to quickly sign up (you only need to deposit $5 into your investment account to get the $5 bonus).

3. See If You Can Get Free Money From This Company

Here’s the deal: If you’re not using Aspiration’s debit card, you’re missing out on extra cash. And who doesn’t want extra cash?

Yep. A debit card called Aspiration gives you up to a 10% back every time you swipe.

Need to buy groceries? Extra cash.

Need to fill up the tank? Bam. Even more extra cash.

You were going to buy these things anyway — why not get this extra money for your retirement account in the process?

Enter your email address here and link your bank account to see how much extra cash you can get with a free Aspiration account. Don’t worry. Your money is FDIC insured and under a military-grade encryption. That’s just nerd talk for “this is totally safe.”

4. Cancel Your Car Insurance 

When was the last time you compared car insurance rates? Chances are you’re seriously overpaying with your current policy. 

If it’s been more than six months since your last car insurance quote, you should look again. 

And if you look through a digital marketplace called SmartFinancial, you could be getting rates as low as $22 a month — and saving yourself more than $700 a year. 

It takes one minute to get quotes from multiple insurers, so you can see all the best rates side-by-side. Yep — in just one minute you could save yourself $715 this year. That’s some major cash back in your pocket.So if you haven’t checked car insurance rates in a while, see how much you can save with a new policy.

5. Get up to $200 in Free Stocks

Imagine if you had bought one share of Amazon for $18 when the stock first went public. Today, it would be worth more than $20,000 — despite all the ups and downs in the stock market.

Here’s the thing about millionaires: They know the sooner you start investing, the better. And we found a company that will give you free stock to get started.  

An investing app called Robinhood will give you up to $200 worth of free stock in companies like Visa, Microsoft and GE, just for downloading its app and opening a free account. 

Robinhood is free and easy to navigate, which is why more than 10 million people use it — including both news junkies looking to outsmart the market and people who want to carefully put a few bucks away in a long-term investment.

It takes just a couple of minutes to sign up and get your free stock — you may even just get a share of the “next Amazon.”

6. Get a Free $2,700 to Put in Your Retirement Account

It’s been a historic year in news, and we’re all constantly refreshing for the latest updates. You probably know more than one news-junkie who fancies themselves an expert in respiratory illness or a political mastermind.

And research companies want to pay you to keep watching the news. You could add up to $2,700/year to your retirement account by signing up for a free account with InboxDollars

It’ll present you with short news clips to choose from every day, then ask you a few questions about them. You just have to answer honestly, and InboxDollars will continue to pay you every month. 

This might sound too good to be true, but it’s already paid people more than $59 million.

Enter your email address here and you’ll immediately get a $5 bonus to get you started.

7. Add up to 300 Points to Your Credit Score

When it comes to your retirement, one of the most important components is your credit score. After all, it’ll play an essential role in any big purchase you want to make — whether that’s a home or a car.

So if you’re looking to get your credit score back on track — or even if it is on track and you want to bump it up — try using a free website called Credit Sesame.

Within two minutes, you’ll get access to your credit score, any debt-carrying accounts and a handful of personalized tips to improve your score. You’ll even be able to spot any errors holding you back (one in five reports have one).

James Cooper, of Atlanta, used Credit Sesame to raise his credit score nearly 300 points in six months.*** “They showed me the ins and outs — how to dot the I’s and cross the T’s,” he said.

Want to check for yourself? It’s free and only takes about 90 seconds to sign up.

The Penny Hoarder is a Paid Affiliate/partner of Stash.

* This material is not intended as investment advice and is not meant to suggest that any securities are suitable investments for any particular investor. Investment advice is only provided to Stash customers.

 ** 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.

Categories
Save Money

Here’s How to Add Up to 200 Points to a Credit Score Without Paying Anyone For Help

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners.

Everyone who’s saddled with bad credit has a unique story.

A man burdened with $6,000 in unpaid bills. A mom of nine held back by an error on her report. A couple recovering from job loss and foreclosure. A single mom with a terminally ill child. A young woman with so much debt she couldn’t even get a credit card.

What do all these people have in common? They used a free online service called Credit Sesame to improve their credit scores — one man got his score up 277 points in six months.*

If you need some motivation, read through these real-life stories. Chances are, you’ll find you have something in common with at least one of them.

Then, take a look at your own score and get some personalized recommendations from Credit Sesame. It takes less than two minutes to sign up, and who knows? Your story just might end up in this article six months from now.

He Had $6,000 in Unpaid Bills — Then Raised His Score 277 Points

Matt Odom for The Penny Hoarder

Before discovering Credit Sesame, 50-year-old Atlanta resident James Cooper, had $6,000 in unpaid bills. He’d never had a credit card, and his credit score was 524.

He tried using a credit repair service — one that promised to improve his score… for a fee. Needless to say, he got burned.

Since Credit Sesame is free, he figured he’d give it a try. Within a few minutes, Cooper had access to his credit score, his total debt owed and even personalized recommendations to help him improve his score.

“They showed me the ins and outs — how to dot the I’s and cross the T’s,” Cooper said. “I applied for my first credit card ever.”

After opening a credit card, which improved his score, Credit Sesame recommended he request a credit limit increase. That too bumped his score up (re: credit utilization).

In a span of just six months, Cooper watched his score increase 277 points. Now Cooper uses the lessons he’s learned from Credit Sesame to teach high school students the importance of good credit through his nonprofit, Fedup-4U.

This Mom of 9 Didn’t Know She Had an Error on Her Credit Report

After Salome Buitureria got laid off, she struggled to find work and was forced to use credit cards. The bills stacked up, and her credit score dropped — to 524, which is considered “very poor.”

Once she got back on stable ground, she started focusing on improving her credit. Her dream has always been to buy a home, and she knew the important role her credit score would play.

She got on Credit Sesame and assessed her debt, and that’s when she found a major error — a supposed unpaid medical bill from when her daughter had been sick that’s definitely been covered by Medicaid.

But here’s an unfortunate fact: One in five credit reports have errors, according to the Federal Trade Commission. Yup — you can do everything right, but an error could be holding you back.

Credit Sesame showed Buitureria how to fix the mistake, then she took additional steps to raise her credit score from 524 to nearly 700.

Now? She’s focused on buying a home. “We want a place where the kids can come home,” she says, “where they don’t have to worry, a year or two down the road, ‘Oh, Mom’s got a new house.’”

This Guy Fell on Hard Times and Couldn’t Stomach Checking at His Score

Carmen Mandato/The Penny Hoarder

In 2008, the housing bubble burst, and Jerry and Vivienne Morgan’s home fell into foreclosure. Not long after, Vivienne lost her job.

“No one plans on being in that situation,” Jerry said. “Frankly, with the experiences we have gone through, I was embarrassed to even check my score.”

Nearly 10 years later, the Morgans were gainfully employed and got approved for a mortgage remodification. Things were looking up, so Jerry decided to finally check his credit score… It hovered around 500.

He came across Credit Sesame and decided to give it a try. He liked how the site clearly explained what affected his credit score — and how he could improve it.

He opened another credit card (increasing his account mix and decreasing his credit utilization rate) and also took out an auto loan when he bought a new car (also boosting his account mix). Making on-time payments toward that loan helped as well.

Within six months of signing up, Jerry saw his score increase 120 points. When we last talked to him, Jerry was continuing to take steps to improve his score and felt hopeful of his financial future.

This Single Mom Overcame Credit Card Debt and a Bad Credit Score

Photo courtesy Melinda Smieja

In 2005, Melinda Smieja’s 13-year-old daughter was diagnosed with a terminal brain tumor.

“So here I am, a single mom, and my daughter gets sick,” she said. “And I’m like, ‘What am I gonna do?’”

She used credit cards for dinners and a place to stay. Soon, she’d maxed them all out — 11 cards, to be exact. She had somewhere between $20,000 and $30,000 in debt. Her credit score was down to 480.

Then she stumbled upon Credit Sesame. It quickly made her overwhelming situation way more manageable.

“I could look and I could say, ‘OK, this is what’s all going on here. This is my debt. This is what’s happening. This is what’s making my credit [interest] high,’” she said.

And she could finally tackle her debts, one at a time. The work wasn’t quick. It was slow and steady — but it paid off. In 2016, for the first time, Smieja’s credit score hit 680, crossing the line of what lenders consider “good credit.” By late 2017, it was up to 764.

This 30-Year-Old Was Stuck in Debt and Didn’t Know Where to Go

Carmen Mandato/The Penny Hoarder

At 30, Dana Sitar’s history with credit cards, student loans and medical bills was tough to face.

Student loan interest was piling up. Hospital bills were out to collection agencies. No one would give her a credit card. She landed a loan for a new car by the skin of her teeth. Her security deposits for car rentals and apartments were through the roof.

She wanted to fix it but didn’t even know where to start.

Then Sitar, a personal finance editor, found Credit Sesame in 2016, and today, she’s breathing a little easier.

Credit Sesame is “answering all the questions swirling in my head, keeping me awake at night and threatening a panic attack every time I authorize a credit check,” Sitar wrote in an article for The Penny Hoarder.

Since she started tracking her credit score with the app, she’s watched it rise — slowly but surely — by 68 points, thanks to Credit Sesame’s recommendations.

“It offers real recommendations you can use — one step at a time — to get out of a very confusing hole,” she says.

Heck, it even let her know she could refinance her car loan and save a ton of money on interest over time. She’s also been able to find a credit card she could actually qualify for.

Since signing up, Sitar has caught up with her student loan payments and is even ahead on her car payments now. Her goal is to improve her score a little more so she can qualify for a personal loan to consolidate her debt.

Inspired? If you want to see how you can improve your credit score, signing up for Credit Sesame is totally free — and it only takes about 90 seconds to get started.

*60% of Credit Sesame members see an increase in their credit score; 50% see at least a 10-point increase, and 20% see at least a 50-point increase after 180 days.

Credit Sesame does not guarantee any of these results, and some may even see a decrease in their credit score. Any score improvement is the result of many factors, including paying bills on time, keeping credit balances low, avoiding unnecessary inquiries, appropriate financial planning and developing better credit habits.

Categories
Save Money

7 Steps Every 35-Year-Old Should Make If They Want To Retire Early

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners.

If you want to retire before 66 but your income doesn’t allow you to invest thousands of dollars a month, we’ve got seven simple steps 35-year-olds can use as a starting point to set your retirement planning up for greater success and earlier achievement.

1. Give Your Family $1,000,000

Have you thought about how your family would manage without your income after you’re gone? Chances are your retirement savings and checking account balance won’t last forever.

But you could still leave them up to $1 million in life insurance.

A company called Bestow can help you leave your family up to $1 million in term life insurance, and it can cost less than your monthly Netflix subscription.

We get it — it’s one more bill, and who has time to sign up? But we hear people are paying as little as $16 a month. 

It takes just minutes to sign up and see how much life insurance you can leave them — even if you don’t have seven figures in your bank account.

2. Buy a Piece of a Corporation (Even If You’re Not Rich)

Imagine if you had bought one share of Amazon for $18 when the stock first went public. Today, it would be worth more than $20,000 — despite all the ups and downs in the stock market.

But if you work for a living and don’t happen to have millions of dollars lying around, that can sound totally out of reach.

That’s why a lot of people use the app StashThey make it easy, plus they’ll give you $5 of stock in Amazon or Google (or another company of your choice) just for opening an account. 

The best part? When these companies you invest in profit, so can you. Some companies even send you a check every quarter for your share of the profits, called dividends. 

Enter your email address to quickly sign up (you only need to deposit $5 into your investment account to get the $5 bonus).

3. See If You Can Get Free Money From This Company

Here’s the deal: If you’re not using Aspiration’s debit card, you’re missing out on extra cash. And who doesn’t want extra cash?

Yep. A debit card called Aspiration gives you up to a 10% back every time you swipe.

Need to buy groceries? Extra cash.

Need to fill up the tank? Bam. Even more extra cash.

You were going to buy these things anyway — why not get this extra money for your retirement account in the process?

Enter your email address here and link your bank account to see how much extra cash you can get with a free Aspiration account. Don’t worry. Your money is FDIC insured and under a military-grade encryption. That’s just nerd talk for “this is totally safe.”

4. Cancel Your Car Insurance 

When was the last time you compared car insurance rates? Chances are you’re seriously overpaying with your current policy. 

If it’s been more than six months since your last car insurance quote, you should look again. 

And if you look through a digital marketplace called SmartFinancial, you could be getting rates as low as $22 a month — and saving yourself more than $700 a year. 

It takes one minute to get quotes from multiple insurers, so you can see all the best rates side-by-side. Yep — in just one minute you could save yourself $715 this year. That’s some major cash back in your pocket.So if you haven’t checked car insurance rates in a while, see how much you can save with a new policy.

5. Get up to $200 in Free Stocks

Imagine if you had bought one share of Amazon for $18 when the stock first went public. Today, it would be worth more than $20,000 — despite all the ups and downs in the stock market.

Here’s the thing about millionaires: They know the sooner you start investing, the better. And we found a company that will give you free stock to get started.  

An investing app called Robinhood will give you up to $200 worth of free stock in companies like Visa, Microsoft and GE, just for downloading its app and opening a free account. 

Robinhood is free and easy to navigate, which is why more than 10 million people use it — including both news junkies looking to outsmart the market and people who want to carefully put a few bucks away in a long-term investment.

It takes just a couple of minutes to sign up and get your free stock — you may even just get a share of the “next Amazon.”

6. Get a Free $2,700 to Put in Your Retirement Account

It’s been a historic year in news, and we’re all constantly refreshing for the latest updates. You probably know more than one news-junkie who fancies themselves an expert in respiratory illness or a political mastermind.

And research companies want to pay you to keep watching the news. You could add up to $2,700/year to your retirement account by signing up for a free account with InboxDollars

It’ll present you with short news clips to choose from every day, then ask you a few questions about them. You just have to answer honestly, and InboxDollars will continue to pay you every month. 

This might sound too good to be true, but it’s already paid people more than $59 million.

Enter your email address here and you’ll immediately get a $5 bonus to get you started.

7. Add up to 300 Points to Your Credit Score

When it comes to your retirement, one of the most important components is your credit score. After all, it’ll play an essential role in any big purchase you want to make — whether that’s a home or a car.

So if you’re looking to get your credit score back on track — or even if it is on track and you want to bump it up — try using a free website called Credit Sesame.

Within two minutes, you’ll get access to your credit score, any debt-carrying accounts and a handful of personalized tips to improve your score. You’ll even be able to spot any errors holding you back (one in five reports have one).

James Cooper, of Atlanta, used Credit Sesame to raise his credit score nearly 300 points in six months.*** “They showed me the ins and outs — how to dot the I’s and cross the T’s,” he said.

Want to check for yourself? It’s free and only takes about 90 seconds to sign up.

The Penny Hoarder is a Paid Affiliate/partner of Stash.

* This material is not intended as investment advice and is not meant to suggest that any securities are suitable investments for any particular investor. Investment advice is only provided to Stash customers.

 ** 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.

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If You’re in Your 40s, Here’s How to Get a Huge Life Insurance Policy for $16

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If you’re relatively young and healthy, you’re probably not thinking about life insurance. In fact, it might be the furthest thing from your mind.

I’ll worry about that later, you’re thinking. Maybe 10 or 15 years from now.

Here’s the problem with that: You’ll never get a better deal on life insurance than you will right now, while you still have your health. You’ll never get any younger than you are right now. And the younger you are, the lower your premiums will be.

Putting it off means you’ll pay more. By getting in early, you’ll be protecting your loved ones at the best price possible.

Also, keep in mind that term life insurance is probably cheaper than you think. For example, rates start at just $16 a month at a company called Bestow.

If you’re under the age of 54, you can get a free quote without a medical exam — or even getting up from the couch.

With Life Insurance, It’s Smarter to Act Sooner Than Later

Maybe you don’t want to think about life insurance right now. But think about leaving your family $1 million, and the security of knowing they’ll be taken care of.

“Life insurance is a difficult topic for many to think about, and so it is often avoided or forgotten until it’s either too late or too expensive,” said Kerri Moriarty, a financial business strategist based in Boston.

“Premiums only increase as you get older, and you are likely the healthiest you’ll ever be now. Term insurance is an affordable way to get started with a death benefit that can cover you through the most important upcoming years — a new mortgage, young children, etc.”

So 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. To get the best deal, get a policy while you’re young and healthy.

Getting a quote from Bestow takes minutes.

Farrah Daniel is an editorial assistant at The Penny Hoarder.