5 Financial Moves to Boost Your Wealth in 2024

As the new year unfolds, it presents an opportune moment to organize your finances and establish a robust plan for building wealth. Implementing certain strategies now can set the stage for sound money habits in the years to come. Here are five essential money moves to consider for a financially prosperous 2024:

1. Initiate Your Investment Journey and Craft a Financial Plan

Unsure about how to embark on investing and create a long-term financial plan? Seek assistance from SmartAsset, a platform connecting individuals with reputable financial advisors. By sharing information about your financial situation, SmartAsset matches you with experienced FINRA/SEC registered advisors. Review their profiles, read client reviews, and schedule a free initial consultation to receive professional guidance on your financial goals.

2. Secure Your Loved Ones with Life Insurance

While contemplating life insurance may not be pleasant, securing a policy at a younger age comes with lower premiums. SBLI offers life insurance with a streamlined online claims process, professional advice, and no medical exams required for term insurance. With access to LegacyShield, a comprehensive dashboard, you can manage financial accounts, store documents, and share final wishes conveniently for both yourself and your dependents.

3. Invest in Real Estate Like a Pro with RealtyMogul

Participating in the commercial real estate market can be challenging and resource-intensive. RealtyMogul, a crowdfunding platform, makes investing in real estate more achievable. Gain access to tools and information for investing in institutional-quality real estate opportunities without purchasing a property outright. Additionally, explore RealtyMogul's REIT options, focusing on income and appreciation for steady returns.

4. Consolidate Credit Card Debt with Credible

Attain peace of mind and plan for the future by taking control of your credit card debt. Credible simplifies debt repayment with an online marketplace of vetted lenders offering personalized debt consolidation loan options. Streamline your debt repayment at a fixed rate without managing multiple bills by providing some basic information about yourself to receive tailored loan offers.

5. Ditch Banking Fees with Chime

Save money and enhance your financial decision-making by parting ways with monthly banking fees. Chime, a cost-free checking account, caters to those valuing convenience and financial control. With no minimum balance requirement or maintenance fees, Chime is compatible with popular mobile payment platforms. Enjoy overdraft coverage of up to $200 and access to over 60,000 fee-free ATMs nationwide. Chime's direct deposit feature enables you to receive your paycheck up to two days early, facilitating faster savings.

Implementing these financial moves can pave the way for a prosperous and secure financial future in 2024 and beyond.