Handle Your Own Investments
Even the cheapest discount brokers can charge between $5 and $10 a trade. But with a little research, you can invest for free with services like Robinhood.
“This single practice can save the average person tens of thousands or hundreds of thousands of dollars over the course of their investing time frame,” said Trey Henninger, investing blogger at DIY Investing. “Instead of hiring a financial advisor to select what index and mutual funds you should invest in, you can do it yourself with only a little bit of learning on the topics. This simple act can cut your investing expenses by a large margin.”
