Building wealth starts from financial decisions you make. Creating a new savings and checking account that pays you to open it just makes logical financial sense. This is especially true when the financial institution offers elite bonuses and perks that are hard for the average account holder to access.
A recent program that I promoted provided a way for anyone to create a $10,000 emergency fund just by accessing promotional advertising from a well-renowned and solid bank. One prospect asks the question. Why do I need another checking account? The answer to that question is twofold:
- You must open the checking/savings account to benefit from the bonus income.
- Opening a second interest-bearing savings account is the first step to achieving a financial windfall.
Generate Your $10,000 Dollar WindFall
When you first start your real financial journey using the tools in my ebook (From $50 to $10K Fast), you generate your 10K.
You take care of your immediate needs, whether that is car repair, securing housing, or paying off bills. But remember, you need to keep at least $1,000 of that income to start a savings/investment account so you can take your income to the next level.
When you have the $1,000 sitting there, it’s time to make a smarter move. From high-yield savings to smarter budgeting tools. What is suggested in this article is the path that financially savvy people take to grow their money without taking big risks.
Do not view your new checking account as the keeper of your money. Use the surplus of you $10,000, to start making your money work for you.
We will outline strategic ways to enhance your financial health and future. In other ways we hope that you can transform the money you received from following our programs in the ebook and create a powerhouse of income-producing assets.
Think of your surplus as a buffer and the capital you can use for future financial growth. You can secure and multiply your financial resources by redirecting this money into more productive avenues.
Your first goal is to secure enough money to start building an emergency fund for you and your family. You do not want any risky investments at this point. We are in the building phase of our financial journey.
Financial experts recommend keeping at least three to six months of living expenses so that you can cover any unforeseen issues i.e., medical emergencies or losing a job).
The intent of this fund is to build a financial cushion so that you are prepared for unexpected issue without derailing your financial plans.
Investment Opportunities
One of the most innovative methods for starting an investment strategy came from a YouTuber. We wrote an article Titled Unlock Hidden Wealth Using Cash Back Stacking Strategy & Nexus Rewards 6% Shopping Boss
Use CashBack Rewards to Buy High Value Stocks
This section of his video blew my hair back because, as a fervent Nexus Rewards representative and user, I don’t have to decide how many credit cards I carry to get maximum cash back because I have access to Nexus Rewards’ Shopping Boss App that gives me 6% cash back on top of the credit card cashback.
In the article, Rob seems to have a problem finding credit cards that pay 5% cashback but that is not the most impactful information.
But think about this. For those of us who struggle to build that crazy 6-month emergency fund.
Consider the bonus cash that anyone can get from Rakuten. Rakuten will pay you $30.00 per referral. With your 100 referrals, you can pocket $3,000. This strategy is for those individuals who are starting at zero but want to find financial freedom using our ViralCashz system.
We can open a brokerage account with our cashback rewards. Think about investing with Robinhood or Charles Schwab with their low entry amounts, free trades of stocks and ETFs, and fractional shares. (This is not intended as financial advice.)
Financial Literacy For Everyone
Financial literacy is an essential tool in your financial toolkit. The more you understand personal finance, from reading books to following finance blogs or taking courses, the better you’ll be able to make informed decisions that positively impact your financial future. Stay updated on economic changes and financial news that could affect your finances. This ongoing education will help you adapt to changes and make better financial choices, ensuring that you’re growing your wealth and protecting it.
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