Save Thousands Annually With This Simple Trick.

Save Thousands Annually With This Simple Trick.
 
Most people are trying to earn more to make ends meet. If you get really desperate, you might fall for a Bitcoin or gold scam to try and get ahead of the 8-ball. However, there is a much easier way to save thousands annually. There is a lot of gold in your budget that most people are completely clueless on.
 
The average person is making everybody else rich at their own expense. However, it is not the café lattes or the avocado toast that is wrecking your budget. Most of us are not extravagant shopaholics. It is your big ticket items that are really costing you an arm and a leg. There are many ways to stop making the tax man, the debt collector, the landlord, the insurance salesman, the gas station and the utility company rich at your own expense. (I teach these tips at my Investor Educational Retreats.) Today you will learn how to stop making the health insurance company rich. When you do, you can live a richer life today, provide far better for tomorrow and even have more dough for bucket list vacations.
 
According to the New York Federal Reserve, the majority of collections actions every year (and bankruptcies) are due to medical and utility bills. Health is your best health insurance plan, so be sure to exercise and eat right. In addition to staying as healthy as you can physically, there is also a better way to get healthy fiscally. Most people are spending thousands annually on medical insurance – even healthy people who never go to the doctor. There is a simple, effective cost saving strategy that will save you thousands on your health insurance, while setting you up far better to deal with any medical emergency in the future.
 
Health Savings Accounts Reward You When You Stay Healthy.
That is the value proposition of Health Savings Accounts. (Get the details requirements and annual contributions at IRS.gov.) If you are healthy, you can purchase catastrophic health insurance, which reduces your monthly insurance premiums dramatically, and you can deposit those savings into a Health Savings Account. There the HSA money can be invested as you wish (after you have built up your deductible amount in cash, in case you need it). You receive a tax credit. The health insurance savings go to building up your own assets (reducing the interest rates on all of your borrowing, including your home mortgage). And the more you save in your HSA, the more you have when you retire for medical costs – which are often the biggest and most devastating bill when you hit your fixed income phase of life. Any capital gains you make on investments in your HSA may be tax exempt. This plan works great if you are healthy and rarely visit the doctor.
 
Health Savings Accounts incentivize you to stay healthy by rewarding you financially for doing so. When you don’t go to the doctor, that money goes into your wallet. If you do have to go to the doctor, you have money to cover the deductible and co-pays. What a win-win! Many people prefer alternative treatments, diet and exercise these days (many of which are not even covered by insurance). If Americans knew about this solution, they would definitely embrace it! HSAs have been around for quite awhile now and are well established.
 
Healthcare costs alone make up 18% of the United States budget, totaling $3.2 trillion in 2017. So, staying healthy can go a long way to improving the bottom line of our nation. More than 1/3 of adult Americans are obese, which costs a lot to those individuals personally, and to the U.S. collectively. Sadly, 17% of children are obese, as well.
 
Remember to shop around before you set up your health savings account. Some brokerages offer you stocks, bonds and funds to invest in, with low trading fees, while banks and insurance companies may offer a very limited choices of investments that might be far are more expensive, to boot! You do not have to purchase your HSA from the insurance company that sells you your high deductible medical care plan.
 
 
About Natalie Pace:
Natalie Wynne Pace is the co-creator of the Earth Gratitude project and the author of the Amazon bestsellers The Gratitude Game, The ABCs of Money and Put Your Money Where Your Heart Is (aka You Vs. Wall Street). She has been ranked as a No. 1 stock picker, above over 835 A-list pundits, by an independent tracking agency (TipsTraders). The ABCs of Money remained at or near the #1 Investing Basics e-book on Amazon for over 3 years (in its vertical).

Natalie Pace is a top-ranked blogger for Thrive Global (Arianna Huffington's newest platform) and Medium, a repeat guest on national TV and radio shows such as CNBC, Good Morning America, Fox, ABC-TV, Forbes.com, NPR and more and a popular, engaging speaker at major conferences. As a strong believer in giving back, she has been instrumental in raising millions for public schools, financial literacy, the arts and underserved women and girls worldwide. Her sustainability tips have helped companies, organizations and individuals to save tens of thousands every year in their annual budget with smarter energy, budgeting and investing choices.

Important Disclaimers
Please note: Natalie Pace does not act or operate like a broker. She reports on financial news, and is one of the most trusted sources of financial literacy, education and forensic analysis in the world. Natalie Pace educates and informs individual investors to give investors a competitive edge in their personal decision-making. Any publicly traded companies or funds mentioned by Natalie Pace are not intended to be buy or sell recommendations.

ALWAYS do your research and consult an experienced, reputable financial professional before buying or selling any security, and consider your long-term goals and strategies. Investors should NOT be all in on any asset class or individual stocks. Your retirement plan should reflect a diversified strategy, which has been designed with the assistance of a financial professional who is familiar with your goals, risk tolerance, tax needs and more. The "trading" portion of your portfolio should be a very small part of your investment strategy, and the amount of money you invest into individual companies should never be greater than your experience, wisdom, knowledge and patience.  

Information has been obtained from sources believed to be reliable however NataliePace.com does not warrant its completeness or accuracy. Opinions constitute our judgment as of the date of this publication and are subject to change without notice. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors.