This report from Bank of America sets out what to expect in the world of finance over the next few years. They focus on six areas that will have a major impact for investors and career-minded people looking for advancement opportunities, including technology advancements, changes in market dynamics, economic conditions around the globe, geopolitical concerns and new progressions within business models.
It’s a perfect opportunity to review your money and make a financial strategy for the next year. We also believe that 2022 will be packed with money-making chances.
If you want to start making huge financial changes right now, we’ve put up a list of six strategies to improve your finances and increase your wealth in 2022.
Invest in art that has outperformed the S&P by over 180%
History has shown art to be one of the top investments of all time. In fact, in the last two decades art has outperformed the S&P by over 180% between 2000-2018.
However, as the ultra-rich reap tremendous riches, ordinary people are left out in the cold. Masterworks is a unique platform that allows investors of all sorts to quickly and easily add art to their portfolios.
They let you to purchase individual shares of well-known works by artists such as Warhol, Banksy, and Basquiat, much like stock in a corporation. Get paid when the painting sells, or sell your shares on the secondary market to other members.
While Masterworks demands a $5,000 account minimum to get started, with the guidance of their art experts, you may construct a well-rounded portfolio of masterpieces.
Skip the waitlist: Use our link to get exclusive access to bypass the 25,000 person waitlist!
To get started, go here.
Investing in real estate might provide you with passive income.
Imagine receiving a payment every few months for just keeping a little amount of money in an account. Isn’t it fantastic?
With Fundrise, an investment of as little as $10 can start earning you passive income through quarterly distributions. You’ll get to invest in some of the hottest real estate deals without the headaches that come with being a landlord.
It takes less than 1 minute to create an account with your email and password, and you don’t have to invest a dime until you know it’s right for you. Be sure to confirm your account by clicking the link in the email they send you.
There is a risk associated with the investments. Since at least Q2 2016, Fundrise has paid dividends every quarter, however your payment is never guaranteed.
You’ll pay a 0.85% yearly asset management charge and a 0.15 percent annual investment advising fee for the service.
Here is where you may sign up for Fundrise.
Invest in gold to hedge against market volatility.
Volatility in the stock market may be financially harmful to individuals, particularly as they approach retirement. You may put your money in a savings account, but have you looked at the interest rates recently? Diversify using gold is another option to explore.
The stock market and the dollar have an inverse relationship with gold prices. When one falls, the other typically rises. Having diverse assets may help you weather market volatility and secure your retirement money.
Gold Alliance is a well-known precious metals merchant with a focus on precious metals IRAs. They make it straightforward to move cash from your existing retirement account (such as a 401(k) or IRA) to a precious metal IRA without incurring any taxes or penalties.
The Gold Alliance provides a free investor’s guide to assist you understand more about why gold and silver may be a good diversifier for your portfolio and how the process works.
Obtain your free guide right now.
Get rid of your mortgage lender.
That’s right, we said it. You should get rid of your present mortgage right now if you want to save a lot of money next month – $100, $200, or $500.
Our new tool will assist you in comparing mortgage offers and rates, as well as simplifying the process of refinancing your mortgage. As a result, you may be able to cut your interest rate, lower your monthly mortgage payments, and potentially create equity in your house more quickly… All of this is done to help you save money and free up space in your budget.
You may even benefit from a cash-out refinancing to save a lot of money. The money you get may be able to help you eliminate your high-interest debt for good. You may also take advantage of that potentially profitable investment opportunity for which you now have the funds. The options are numerous, but you’d be stupid not to explore how much money you may save just by refinancing.
Check out how low your interest rate and payment may be.
BONUS: You can get rid of your auto insurance.
We’ve got bad news. You could be wasting $500 every year on overpriced, second-rate car insurance. And you should probably cancel your existing insurance right now, because there’s something much better.
In only a few clicks, FinanceBuzz’s new tool will tell you whether you’re overpaying for vehicle insurance. On average, we discover $500 in savings for drivers each year. And after you’ve tried it, you’ll never need to hunt for inexpensive insurance again since we’ll find you the lowest prices that no one else can match.
Oh, and it’s also completely free. You can’t tell us you don’t want to save up to $500, can you? Simply input your zip code here, complete a few questions, and find out whether you’re overpaying by up to $500 or more every year. It just takes a few of minutes.
Check to see whether you’re paying too much.
Frequently Asked Questions
How can I make money in 2022?
A: In 2022, the best opportunity for making money is through investing in cryptocurrency.
How can I increase my wealth quickly?
A: The best way to increase your wealth quickly is by starting a business. Being self-employed, you can work for yourself and make as much money as possible without the restrictions of being employed.
How do you build wealth?
A: You need to find a way that is enjoyable for you. Its best not to rely on others and start doing something yourself. And, it would be wise of you if your skills matched up with the desired outcome of wealth so that hard work will pay off quicker than just sitting around hoping one day everything will be better