Curated Links

Save & Make that Money

Over the years we have had plenty of time to play around with various ways to save and make money. Below you can find some of the more interesting paths we've taken along with the approximate returns/gains to date:

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1 - Robinhood

Approximate Gains to Date: ~$5,000

Fees Paid: $0

Potential Returns Over Time: High

Potential Risk Over Time: High

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Robinhood provides one of the best beginner investment platforms out there. You can easily trade stocks, options, crypto, and more. In our opinion in 2021, you really should be investing some money somewhere as there are very few alternative options to get reasonable returns on your money. Sign up below and get 1 free stock.

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Sign up FREE for Robinhood.

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2 - Rakuten

Approximate Gains to Date: ~$323.19

Fees Paid: $0

Potential Returns Over Time: Low

Potential Risk Over Time: Very Low

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Rakuten offers cashback on a variety of online and in-store purchases. This one is great to use for purchases you would be making anyway. You accumulate cashback from your purchases and then get sent a check or Paypal deposit periodically with your savings. We recommend using the Rakuten Chrome browser extension to get alerts when you are about to buy something that has savings on Rakuten. Sign up below and spend $20 to get a $20 check/deposit.

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Sign up FREE for Rakuten.

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3 - Fundrise Investing

Approximate Gains to Date: ~$1,096.88

Fees Paid: $14.55

Potential Returns Over Time: Moderate

Potential Risk Over Time: Moderate

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Fundrise offers a unique investing platform in real estate. Specifically, the platform provides its own Real Estate Investment Trusts (REITs) based on properties the platform invests in. There are lots of opportunities for some solid gains while engaging in risk that may be less than trying to invest in other platforms such as Robinhood. Sign up below to have your first 90 days of advisory fees waived.

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Sign up FREE for Fundrise.

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4 - High Yield Savings

Approximate Gains to Date: ~$550

Fees Paid: $0

Potential Returns Over Time: Very Low

Potential Risk Over Time: Very Low

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The words "High Yield" are a bit misleading in our current economic climate but one of the best savings account returns you'll find exists with the American Express High Yield Savings Account. With a current monthly payment of 0.5%, don't expect to get rich off of this one BUT if you currently have spare change sitting in another checking our savings account that returns anything less than 0.5%, consider this a viable option to obtain some free income.

Sign up for a FREE for High Yield Savings Account​Acc

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5 - Credit Card Cash Back

Approximate Gains to Date: Over $1,500

Fees Paid: $95/year

Potential Returns Over Time: Moderate

Potential Risk Over Time: Low (If paying off the balance each month), Very High (If carrying a balance).

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There are lots of credit cards out there. There are also plenty that have zero fees if that is a major concern for you. That said, this specific card offers the best returns I've seen as compared to any other. The Blue Cash Preferred Card from American Express offers the following benefits:

• 6% cashback on groceries up to $6,000/year, then 1% back on everything over $6k. This means if you spend at least $500/month on groceries you will see a return of $360. Subtract out the $95 yearly fee and you have still netted a minimum of $265 for spending money you would have anyway.

• 6%  cashback on streaming services. The average American subscribes to 3.4 subscription services. For each one, they pay an average $8.53 per month. Average expected returns from this perk for the average person are 3.4 x $8.53 x 12 months ~$350 x 0.06 ~$20

• 3% cashback on gas. In the US, the average cost of gas is around $250/month. This estimates yearly returns at $250 x 0.03 x 12 months ~ $90.

• 1% cashback on ALL other purchases. The average American spends around $5,000/month or $60,000/year. If only half of these expenses are paid with your card, you are looking at a yearly return of ~$30,000 * 0.01 = $300.

• So average total returns from using this card for the above purchases for 1 year = $360 + $20 + $90 + $300 - $95 = $675/year including the yearly fee.

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In addition to the above returns, you also receive some unique planning tools and monthly discount offers from Amex. Additionally, when you sign up below, receive an additional $250 statement credit after spending $1,000.

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Sign Up for Blue Cash Preferred and Save.

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What do you think? Have these links helped you save money? Do you know of some other money saving options out there that we should feature? Let us know!

There are lots of credit cards out there. What

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