One way or another, we all sabotage ourselves.
Its the human condition.
We put obstacles in our own way.
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We make excuses to ourselves.
We are our own worst enemies.
Its the same with money.
We undermine our own chances of financial success.
Were stealing from ourselves.
Here are 10 ways people sabotage their own finances, and what you’re able to do instead.
What do they have in common?
Many invest in large private real estate deals.
And heres the thing: Theres no reason you cant, too for as little as $10.
You dont have to be the landlord.
Fundrise does all the heavy lifting.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Want to invest more?
Fundrise offers a variety of account levels and features to fit every bang out of investors needs.
Since 2014, Fundrise investors have earned roughly $100 million in dividends alone.
*Past performance is not indicative of future results.
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2.
How will they pay the bills?
Send the kids through school?
Nows a good time to start planning for the future by looking into a term life insurance policy.
Rates start at around $20 a month.
- The peace of mind of knowing your family is taken care of is priceless.
Thats why a lot of people use the appStash.
**
The best part?
When these companies profit, so can you.
Some companies even send you a check every quarter for your share of the profits, called dividends.
Youll even be able to spot any errors holding you back (one in five reports have one).
Getting your free credit scoretakes less than 90 seconds.
Youll want to start by tracking a month of expenses.
How much do you (or dont you) have remaining?
Then, consider your financial goals.
Do you want to save money?
Work backward to cut your expenses until it’s possible for you to achieve that goal.
It might take some patience, but itll pay off.
This is a smart, proactive way to check that that youre not hamstringing yourself by spending haphazardly.
Not Canceling Your Car Insurance
When was the last time you compared car insurance rates?
Chances are youre seriously overpaying with your current policy.
If its been more than six months since your last car insurance quote, you should look again.
Yep in just one minute you could save yourself $715 this year.
Thats some major cash back in your pocket.
One of the best ways to get your money in order?
These could be the millionaires themselves, personal finance experts or real-life people whove had success.
Search the internet for blogs and websites, listen to podcasts and read books.
Here are a few of our favorite resources (ahem, besides ourselves):
8.
Its too good to be true, right?
Unlike other sites, InboxDollars pays you in cash no points or gift cards.
Its already paid its users more than $56 million.
Signing up takes about one minute, and youll immediately receivea $5 bonusto get you started.
Take your cell phone bill, for example.
How long have you been with your current company?
Probably a while, right?
Which means youre probably paying way too much.
But we founda discount wireless company called TelloMobile that offers plans starting at just $5 a month.
How much are you paying now?
Imagine cutting that to just $5.
More than 7,000 customers have given it an excellent rating on Trustpilot.
Plus, Tello is super flexible.
It lets you choose the plan that makes sense for you.
Plans are priced based on how much data and how many minutes you want.
Free hotspot and unlimited texts are included in every plan.
Its easy to get started and see how much you could save.
Tello makes it simple to switch and even keep your phone number.
See how much you could save.
Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder.
He tries not to sabotage himself too much.
*For Securities priced over $1,000, purchase of fractional shares starts at $0.05.
The Penny Hoarder is a Paid Affiliate/partner of Stash.
Investment advisory services offered by Stash Investments LLC, an SEC-registered investment adviser.
Bestow Life Insurance products may not be available in all states.
Policy limitations or restrictions may apply.
Not available in New York.
Our software asks lifestyle and health questions to determine eligibility so that avoid requiring a medical exam.
Rates will vary based on underwriting review.
It sounds appealing right?
Check it out here!
