3 Easy and Different Ways to Invest Your Money Now

different ways to invest your money

Looking for a smart way to spend your lottery winnings or structured settlement agreement? Make your money work for you by investing it.

When we think of “investments,” we tend to think only about playing the stock market, which can be a risky business if you don’t know what you’re doing. But making an investment simply means that you’re going to put your effort or money into something now with the expectation that it will grow and provide you with even more money than you started with some time in the future.

There are different ways to invest your money besides stock markets or savings accounts. Here’re just three big ones to think about:

  1. Business Investments:Maybe you’ve always dreamed of starting your own company, bakeshop, or service, but have never had the funds to set it up. Starting your own business is expensive — on average, $30,000 expensive, according to the Kauffmann Foundation. But if you have the right idea and the right tools, it can provide a wealth of future fulfillment.

    If you’re not the self-starting type, though, you can still have a hand in future businesses by becoming a financial partner in a start-up or offering peer-to-peer lending services for other dreamers. Does your mom really make the world’s best meatballs? Prove it by helping her launch a new restaurant!
  2. Educational Investments:You’ve heard it before: An education is the best ticket to a good future. Higher education these days, however, is going to cost you a pretty penny. Private college tuition is up to an average $31,000 per year while in-state tuition at public universities costs around $9,000. When considering different ways to invest your money, this may be the most important for you or your child. A college education helps to ensure not only that you’ll secure a good job, but that you’ll find the best ways to put your skills and talents to use in the world.
  3. Pay Off Debt:Paying off your student or credit card debt might sound like more of a chore than an investment, but it truly is a way to save yourself money down the line. If you’re paying interest on outstanding debt — and the average household has about $129,579 worth of it, over $15,000 of which comes from credit cards alone — then you’ll be much better off paying as much as possible now to avoid continuously increasing interest rates that never seem to go away. Think of all the extra money you’ll have once all that debt is put to rest!

You don’t have to be a Wall Street wizard to make a smart investment. Personal betterment might be the best of all the different ways to invest your money. With it, you’ll secure yourself a bright and happy future — along with all the financial benefits!

General Structured Settlement Process Overview

People can change, and so can their financial circumstances. If you are the current recipient of a structured settlement or are buying into an insurance annuity and you find yourself in sudden need of an upfront cash advancement, it’s important to understand your options. You can sell all or part of your annuity to receive a large lump sum payment, but there is a general process that you will have to go through before you can do so. Here’s what you should know about the structured settlement process in order to get the most out of your annuity payments.

Over the past forty years, premiums on structured settlement annuities have totaled nearly $140 billion dollars. In 2013 alone, those premiums amounted to over $5.13 billion. While that money can be distributed over a long period of time with your structured settlement installments, you also have the option to sell your annuity to a financial underwriting institution in order to receive a bulk payment all at once. While this option may not be right for everyone, studies show that 92% of recipients who do opt for a lump sum payment through the sale of an annuity end up happy with their decision.

Total individual claims for a structured settlement average $324,000, which is a significant amount of money that can be put to use for immediate or emergency expenses. When selling your annuity with financial specialists, you can expect to receive your lump sum payment in as few as 45 days.

The length of time you choose to take in receiving your claim, however, will be a determinant factor in your discount rate, or the amount of money you will receive from your lump sum payment after accounting for the projection of earned interest on the settlement. These rates may range anywhere from 8 to 18% of the grand total. The longer you wait to receive your settlement in full, in general, the higher the discount rate.

Perhaps you require a lump sum payment from your structured settlement because of pressing financial difficulties. This is often the case for many families, who average $950 in interest payments every year. In this situation, you will need to stand before a court judge to demonstrate that your request is justifiable and that your family will not be at significant financial risk because of your sale of annuity.

It’s rare for judges to disapprove of annuity sales by the time they reach the court, since most individuals opt for lump sum payments in order to amend financial hardships. The average U.S. citizen has $3,761 in credit card debt, and often an advance on structured settlements can help mitigate the amount of stress debt can have on individuals and their families. A clean slate of debt-free finances might be just the ticket to a sound and fruitful financial future.

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4 Simple Steps for Reducing Debt

ways to reduce debt

Are you looking for ways to reduce debt? Do you feel like you are being buried alive in credit card bills and student loan payments? If financial challenges are bringing you down, you probably feel like you are only sinking deeper and deeper. However, with the right attitude, some sacrifice, and a little bit of patience, getting out of debt is entirely possible.

Approximately 35% of the U.S. population reported that they had difficulty paying bills in 2014. In total, consumers in the United States owe $11.91 trillion in debt. Not surprisingly, much of this is student loan debt. In fact, outstanding student loan debt climbed to $1.3 trillion in 2015.

There are a number of ways to reduce debt, some of which are easier than others. However, no matter how you do it, paying off your debt always requires dedication and careful planning. Below you will find a few simple steps to reduce your debt and find financial stability.

How to Reduce Debt Step-by-Step

  1. Step 1: Evaluate
    Gather together all of your financial documents and take a look at your current credit report. The first step is the hardest, and you might be a little nervous to see what your debt looks like as a whole, but skipping this step will do you no good. In order to move forward and craft a solution, you need to know what you are working with. Make sure you write down all balances, interest rates, and the amount due each month.
  2. Step 2: Budget
    If you have not already created a personal budget, do it now. Keeping track of your spending is more important than ever when you are trying to reduce debt. Write down your monthly income after taxes and subtract your monthly expenses. Next, calculate how much you have left over to put towards paying off your debt. If you don’t have enough left over, re-do your budget and find ways to cut spending. For instance, consider canceling your cable subscription or limit trips to the coffee shop.
  3. Step 3: Plan
    Plan to use the remainder of your budget to pay off debt with the highest interest rate and highest balance first. If you can, try to increase the amount you pay towards the biggest debt every month. Tracking your progress in a chart can help you see the whole picture and will prevent you from slacking.
  4. Step 4: Negotiate
    Contact your creditors and lenders. Find out if you can change the terms on your debt. For instance, you may be able to lower your interest rates or reduce a settlement. Try consolidating debts into a personal loan or home equity loan if possible.

 
When you are looking for ways to reduce debt, talk to friends and family; find out what they are doing to stabilize their financial situation. Different methods work for different people. Try a few things to find out which is best for you.

Lavish Items to Buy With Your Lottery Winnings

lottery winnings

So you have bought a lottery ticket and are playing the most widely known form of gambling in the United States. And the heavens are shining upon you because you won! Now that you have millions in lottery winnings, what are you going to do with all that money? Sell your structured settlement today and you will get a lump sum to do whatever you want! Here are some ideas of things you can buy with your lottery winnings.

Getting out of debt
In total, Americans owe almost $12 trillion dollars in debt and the average American household has about $130,000 in debt. Selling your lottery payments is a great way to receive a lump sum that will help you pay off your debt fast. Whether it is medical debt, student loan bills, your mortgage, or credit card debt, you will soon be debt and worry free!

Buy a new house
Tired of throwing your money down the drain every month by renting your apartment or house? Now that you have your lottery winnings in your wallet, go ahead and buy your dream home! The world is your oyster, so go crazy and design what you want!

Buy a private jet
Think traveling privately is only for the rich and high class? Well, now you are one of them! Say goodbye to stuffy, crowded airplanes, and hello to leather seats, spacious amenities, and your own wait staff! Want to go to Paris for dinner or Berlin for a concert? Not a problem!

A private chef
Hate cooking? Hate coming home from a long day at work and having to put a meal on the table? Well, worry no more — your new private chef will do all the dirty work, and the dishes, for you! Your wish is their command, so prepare your taste buds for culinary masterpieces!

All the fancy cars
Stuck riding the bus and using public transport? Sell your lump sum and you can buy the cars of your dreams! A Mercedez Benz, a Lamborghini, a Ferrari, anything you want! You will be making your friends and family jealous, and will never have to deal with slow public transit again!

Have lottery winnings you want to cash in? Contact 123 Lump Sum today!

Sell Your Annuity and Pay Off Debt Now

selling your annuityGetting out of debt can feel like an uphill battle. If financial challenges are bringing you down, you are not alone. Nearly one in five Americans considers herself as being in “debt hardship” at any given time, and a quarter of adults say that they struggle to pay their monthly bills on time. In fact, American consumers owe a total of $11.91 trillion in debt, and the average adult in the U.S. owes around $3,761 in revolving credit.

You might be one of the many Americans hoping to sell annuity payments in order to redistribute your money. By selling your annuity, you can gain access to a lump sum of cash, thereby reducing your debt so you can begin to build up better credit immediately.

An annuity is a beautiful thing. For the most part, receiving a steady income is highly advantageous. It is good to know that you can rely on future payments. However, life can change in an instant and you may need access to your money at a moment’s notice. You can’t always wait. Luckily, there are institutions through which you can collect your money as one lump sum. These businesses will buy your annuity payments in their entirety or just a portion of them. Some individuals choose to sell just a piece of their annuity in order to obtain a small lump sum while still ensuring financial security with the promise of future payments.

Before selling your annuity payments, make sure you understand the process thoroughly. You will not occur any court fees from selling annuity, but there will be other fees such as legal fees, program fees, and any other fees imposed by your insurance company. For more information, discuss your options with a specialty finance company.

Finance companies that provide annuity-buying services function to assist you in making positive life changes. Professionals are equipped with the legal expertise and institutional financing skills necessary to help you make your financial dreams come to fruition.

Don’t wait around for your annuity payments to finally add up over time. Get your lump sum of cash now in order to reduce debt and establish financial stability.