Here are the top financial products that I highly recommend to help you achieve financial freedom. After conducting hundreds of hours of research and meeting with senior management from most of these companies, I’ve narrowed down the list to only the best.
In our current unpredictable economy, it’s critical to save money, cut expenses, manage your finances effectively, and invest wisely. These top financial products are designed to help you build wealth.
Let’s explore some promising financial products and investment opportunities for 2024 that can speed up your journey to financial independence. Please note, I use or invest in all the products mentioned, and they are affiliate partners of Financial Samurai.
Top Investment for 2024:
I’m personally investing $500,000 in AI through various private funds. I believe so strongly in AI that I’m building a significant position to ensure I don’t regret missing out in the future. These funds are mainly composed of AI companies, with one fund being particularly accessible, requiring just a $10 minimum investment.
Real Estate Investment Opportunities:
Fundrise has been my go-to platform for private real estate investment since 2012. It allows you to invest small amounts in a diverse portfolio of properties across the U.S., offering potentially higher returns without the risk of putting all your eggs in one basket. Real estate remains my favorite asset in inflationary times due to its tangibility, stability, and income-generating potential. After selling my rental home at a significant profit, I reinvested in real estate crowdfunding, which has provided a steady passive income stream.
Best Life Insurance Marketplace:
Policygenius revolutionizes how you shop for life insurance. It allows you to compare multiple quotes at once, simplifying the decision-making process. I found it incredibly useful, especially during uncertain times like the recent pandemic and global conflicts. It’s essential to secure your family’s future, and Policygenius makes it more accessible and affordable.
Best Financial Management Tools:
Empower offers sophisticated financial tools that help you manage your investments, track your net worth, and plan for retirement. It’s like having a high-powered version of Mint or an interactive Excel spreadsheet at your fingertips. I’ve been using their free tools since 2012, and they offer a free portfolio analysis for portfolios over $100,000.
Best for Future Retirement Planning:
NewRetirement is excellent for a comprehensive view of your finances, including real estate and other investments. It also allows for modeling different future scenarios to plan more effectively for retirement.
For Accredited Real Estate Investors:
CrowdStreet provides a direct-to-sponsor investment model that enhances efficiency and communication between investors and real estate sponsors. It’s focused on secondary markets, which often offer higher yields and potential for appreciation due to demographic shifts.
Best Online Savings Options:
CIT Bank is my preferred online bank, offering competitive interest rates due to its lower overhead as an online-only bank. This can be crucial for maintaining liquidity during economic downturns.
Best Personal Loan Provider:
Credible allows you to compare personal loan rates quickly, offering a transparent and competitive process to help manage or consolidate high-interest debts.
Essential Reading for Career and Financial Advancement:
My book, “Buy This, Not That,” guides readers through major financial decisions with a simple decision-making framework. It’s a tool for building wealth and gaining the freedom to live life on your terms.
Using these top financial products can significantly enhance your financial well-being, giving you the confidence to manage your finances and focus on what truly matters—your family, friends, and personal goals.
