Building wealth is a mystery to many. While people know that putting money into a 401K for retirement can create wealth over time, many don’t go any further than that when it comes to investing.
Fortunately, the internet and smartphones have made it easier to access financial information than ever before. Mobile apps can help an eager learner develop great financial habits and build wealth all from the convenience of a phone.
Manage Personal Finances
With banks like ONE, you can manage all of your money related tasks from one place. Build your budget, track your expenses against it, and even create sub-accounts for saving up for things like a down payment on a house.
With ONE, you can manage it all from a simple dashboard on your phone.
Cryptocurrency Trading and Staking
Cryptocurrency is relatively new when it comes to investing. The first Bitcoin was sold in 2009, and popularity has grown over time. Now, average people can buy, sell, and trade cryptocurrencies from easy-to-use apps.
In addition to buying and selling cryptocurrency, you can even stake it. This means that you leave it in an account without touching it for a long time, and in the meantime, you earn rewards for leaving the funds alone. This helps create stability on cryptocurrency exchanges that help to keep the assets strong.
Forex trading hasn’t been around long, but the great news is that you can dip your feet into the waters of Forex trading easily using a mobile app. A decade ago you might have needed to work directly with a broker. Now, you can control the trades you make from the palm of your hand.
Invest in the Stock Market
Most people have never been on the stock market to watch a day of trading in real-time. But now, with the power of technology, you can participate in stock market investments from anywhere. Even if you don’t have enough to buy an entire Apple or Twitter stock, there are apps that allow you to invest in a portion of a stock instead.
Robinhood, Fidelity, and TradeStation are among some of the best options for investing in the stock market. Average people can choose companies they love and want to support instead of relying on brokers to invest.