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Small habits can lead to big results

In line with Warren Buffett’s recommendations for following simple investing strategies, one way that many people used to save their wealth was by emptying the spare change in their wallet a couple of times a week and putting it in a jar at home. Nobody would miss the small change, but the quarters, dimes, and nickels would add up quickly, allowing people to save for special vacations or experiences without feeling like they were pinching pennies.

This is the philosophy behind Acorns, an automated savings and investment app. Instead of physically emptying your wallet, when you make a purchase on your credit or debit card, Acorns automatically rounds up the price to the nearest dollar and deposits the difference into a smart investment portfolio for you, allowing you to grow your wealth without even thinking about it.

Right now, when you sign up for Acorns, you can get a $20 bonus investment to start growing your savings.

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Invest in real estate

Buffett has previously said that real estate investments generally stand up well against inflation: “...you buy once, and then you don’t have to keep making capital investments. So, you do not face the problem of continuous reinvestments involving greater and greater dollars because of inflation.”

While his advice is sound, investing in real estate can be difficult if you don’t have the capital to purchase a property or piece of land outright.

But with today’s technology, platforms such as First National Realty Partners allow accredited investors to grow their returns by investing in shares of industrial real estate, multifamily properties, and grocery-anchored commercial real estate while FNRP takes care of all the tenant negotiations and paperwork for you.

The result is that you can collect quarterly disbursements from funds that have the potential to start earning on day one.

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But what if you aren’t an accredited investor? Luckily, a new online platform – Arrived – allows you to start investing in real estate with as little as $100.

With Arrived, you browse a curated selection of homes, each vetted for its income potential. When you find a property you would like to invest in, you simply choose the number of shares you want to buy. It’s that simple.

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Invest in yourself

“Whatever abilities you have can't be taken away from you,” says Buffett, “The best investment by far is anything that develops yourself, and it's not taxed at all.”

While this isn’t a traditional investment tip, Buffett firmly believes that by regularly investing in knowledge and self-improvement, you yourself become an asset and can more easily access opportunities for growing your wealth.

For example, Masterclass is currently offering “Mastering the Markets” – a series of 4 online classes taught by financial investors who have managed over $150 billion in assets.

Learning directly from seasoned investors, Ray Dalio, Meredith Whitney, Joel Greenblatt, and Seth Klarman, you will learn how to make markets work for you, how to find hidden investment opportunities in any market, and how to manage long-term risk with your investments. Equipping yourself with the knowledge to make smart choices to grow your wealth.

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Don’t invest in gold

While Buffett is known for being uninterested in gold investing — describing it in a 2011 letter to shareholders as an asset “that will never produce anything” — while other money mavens consider it to be a solid hedge against inflation because its purchasing power has remained relatively stable over time.

If you’re keen on taking advantage of gold’s financial benefits, opening a Gold IRA with help from Rosland Capital might be the place to start.

By opening a Gold IRA, you’re looking out for your future self and cushioning your retirement. Opting for a Gold IRA gives you the opportunity to diversify your portfolio and stabilize your finances.

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Moneywise Moneywise Editorial Team

The Moneywise Editorial Team is a group of passionate financial experts, seasoned journalists, and content creators who are deeply committed to providing unbiased, relevant, and accurate financial information. With years of combined industry experience, our team is dedicated to maintaining the highest journalistic standards and delivering informative and engaging content. From personal finance and investing to retirement planning and business finance, we cover a broad range of topics to suit the financial needs of our diverse readership. You can trust the Moneywise Editorial Team to empower you with the knowledge and tools necessary to make wise financial decisions.

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