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As you are building your financial portfolio, you need to consider many different things, including your loans, assets, investments, income, and savings, to name a few. All of these different factors can play a role in how you’re able to build wealth as an investor since if you have many monthly payments to different credit card companies, that will inevitably eat into your ability to invest more of your earnings. The same is true for your credit score since that can impact the interest rates you get as a borrower. While you definitely want high returns on the interest you earn on your investments, high-interest rates on your debts can really eat into your wealth.

When considering investments, it is also important to keep diversification in mind. Diversifying your investments means putting money into several different areas or investments as a form of protection. This means finding traditional investment vehicles like stocks and bonds and alternative forms of investments, which can take the form of a wide range of investment options. As you work on your portfolio as an investor, there’s a lot to balance. Here are just a few finance tips to keep in mind as an investor as you look to build wealth.

Find ways to cut the rates of any debts you’ve incurred.

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One way to increase your investment power is to lower the interest rates on other debts as you pay them off. This is because, with a lower interest rate, you’ll save thousands of dollars over the life of the loan. This can translate to thousands of dollars that you can start tapping into as an investor, ensuring that the monthly payments you “give yourself” by withdrawing in retirement allow you to lead the life you want to live.

If you’re a homeowner, your home loan likely has a higher interest rate than you could get today. If your current mortgage is really dragging you down, consider refinancing your loan to lower your monthly payment and increase your cash flow with a new loan at a lower rate. With mortgage rates at historic lows and some borrowers getting interest rates of 3 percent or less from lenders based on their credit score, there’s never been a better time to look for a refinance home loan.

Use a specialized platform to streamline your alternative investments.

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While freeing up your personal finances is one way to increase your investment power, when it comes to diversifying your portfolio with various financial products, there are some sorts of asset classes that are more difficult to invest in if you’re an everyday consumer. For example, if you’re looking into alternative investment strategies surrounding real estate, art, or even asset classes in the legal or consumer fields, a platform like Yieldstreet or the Yieldstreet prism fund can both be powerful investment opportunities. Without such platforms, it would be much more difficult to get into investing in these sorts of assets, so websites like Yieldstreet offer a simple way to diversify your portfolio beyond the stocks, mutual funds, and bonds offered by other brokerages and financial institutions.

Let it sit, and don’t panic!

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As you continue to build your investment portfolio, there are going to be market fluctuations. While it may be scary to think about riding out these sorts of ups and downs, the worst thing you can do is pull your money out of the market because of the power of compound interest. Remember that even the most unlucky investor can still make a fortune if they avoid knee-jerk reactions, and you’ll be set up for success.