7 Money Moves You Can Make While Drinking Your Coffee

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coffee bag with a coffee cup and beansFinancial planning can be intimidating. There are SO many different elements to manage, track, and account for each month.

But what if getting your finances on-track was actually easy?

Luckily, it is SUPER simple to start improving your financial health and get on track towards financial freedom.

Follow these 7 easy ways to get your finances on track by the time you’re fully caffeinated.

1. Check Your Credit Score

I’m with you on this one – checking your credit score can be stressful. BUT, it doesn’t have to be!

To truly improve your finances, you first need to know where you stand.

Understanding your credit score and the factors driving your credit up (or down) is critical for every person. Are late payments keep your credit under 700? Is your debt to credit ratio a bit high?

Having access to your credit report PUTS YOU IN CONTROL

If you want a simple, easy-to-understand tool to help understand and manage your credit score, get a free credit report from Credit Sesame. After getting your credit report, Credit Sesame will share tips and recommendations for fixing and improving your credit history.

2. Invest Your Money

You know how much I favor investing over the long-run and taking advantage of market growth and compounding interest. But for those who just landed that first big job, it can be tough to even know where to start.

Fortunately, it has never been easier to invest!

Ally Invest is a great platform that helps users start investing with minimal steps required.

Betterment asks you a series of questions about your age, income, risk tolerance, and financial goals. They help you minimize your tax burden and give you the option of consulting with a person any time you need a more personal touch.

Already have your traditional investments in-place? Consider getting into real estate.

With Fundrise, you can get started investing in real estate with a minimum investment of just $500. Then Fundrise takes care of all the work for you.

And there are no guessing games. You know EXACTLY what properties are included in your portfolio.

Learn more in my Fundrise review.

3. Max Out Your 401k

Your retirement account is a crucial part of your path towards financial freedom. So why not get to know it better?

With Blooom, you will be able to analyze and optimize your 401(k) so that it is 100% working for you.

Access an in-depth assessment of your 401(k) and understand your account better along the way. Blooom can identify any hidden fees associated with your account, and checks to see if you have the right balance of stocks and bonds.

Learn more in my Blooom review.

4. Consolidate Loans

Paying off high-interest debt can take forever….or at least feels like it.

The faster you can pay down one loan, the faster you can pay down the next….or start building wealth through savings and investing.

Whether it’s student loans or private loans holding you back, a debt consolidation loan at a lower rate can literally SAVE YOU THOUSANDS OF DOLLARs in the years to come.

Credible makes refinancing easy and affordable. Some qualified borrowers can reduce their interest rate down to 4.99%.

For qualified borrowers, refinancing student loan debt helps provide more financial flexibility, and potentially pay less in interest.

5. Get Control of Your Finances

Using Personal Capital is the easiest way to track your net worth, monitor spending, analyze your investment portfolio, track your savings and even plan for retirement. I use it every day!

Much like your credit history, knowing exactly where your finances stand will help you make the BEST decisions for the future.

It’s simple:

  1. Link your accounts with Personal Capital
  2. Use the 50+ features and next-level dashboard to track and analyze your finances
  3. Be on your way to more effective savings and planning

It’s my favorite app. EVER. Did I mention it’s FREE?

Get to know your money, today!

6. Build a Legit Business

Investing in yourself by building an online business can be one of the most rewarding steps to take financially. And it’s not that expensive to start a legit side hustle – that’s how I got started!

Sure, it takes planning and time for new online businesses to take off. But it has never been easier to build a blog and make money online.

If you have an awesome idea for a blog or online business and enjoy the hustle, you can set up your new website in less than 10 minutes with BlueHost for as little as $2.95 a month.

PRO TIP: Sign up for my Free 7 Day “How To Build A Profitable Blog Quickly” Email Course, We’ll walk through the key steps to launch your own blog and set it up to start making money. All in 7 days.

7. Get a Travel Credit Card (and See The World)

chase sapphire preferred credit card
  • earn 60,000 bonus points after spending $4,000 in the first 3 months
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Do you travel a lot or want to travel for free? Then you need to check out some of the amazing signup bonus for the Best Travel Credit Cards. Some cards give you up to 100,000 bonus miles or points for signing up!

Depending on your airline, you can easily snag a coach (or even first class!) ticket on a round trip international flight.

If you have decent credit and use a credit card for regular expenses, then check out the Best Travel Credit Cards to see if you can get a better credit card with better bonuses.

I like to get new travel credit cards every year to maximize my miles earning potential. The better the bonuses and miles, the more I like it!

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  • Comment Author image blank Forever Donor says:

    Every morning I open MINT to get a 30,000 ft look at all my finances then if I have any money in my Robinhood Brokerage app (from bi-weekly deposits and dividends) I will purchase a single share of stock. All great while having cereal. =)
    -Andrew

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