The 9 Biggest Money Secrets Most Rich People Won’t Tell You
You know what they say about secrets. They’re no fun.
And when it comes to the super rich, trust us — they’ve got plenty of secrets. And why would they reveal the keys to their success with you, anyway? The more for them, the better, right?
Well, the cat’s out of the bag. These are the biggest money secrets the elite don’t want you to know:
1. Let This Company Help You Find and Compare Top CD Bank Rates
When it comes to finding the best interest rates, most financial institutions hope you’ll take them at their word. Except, the words they use are often intentionally a little vague.
They can’t all have market-leading rates, right?
CD Valet® is a free service that lets you compare thousands of certificate of deposit (CD) rates from over 4,000 community banks, credit unions, and big banks, too.
With CD Valet, the process is simple. You can shop and compare top CD rates from different banks and credit unions through one site. Browse their Featured CD section for great offerings and filter CDs by rate, term, or deposit restriction.
Access calculators to help determine your estimated earnings at maturity. When you create a free account, use the CD Portfolio tool to view all of your CD accounts in one place. You can even set up rate and maturity alerts.
CD Valet was developed by bankers and their platform ensures your security with bank-grade compliance.
Ready to separate fact from fiction? See the best CD rates for yourself with a free CD Valet account.
2. Cancel Your Car Insurance
You might not even realize it, but your car insurance company is probably overcharging you. In fact, they’re kind of counting on you not noticing. Luckily, this problem is easy to fix.
Don’t waste your time browsing insurance sites for a better deal. A company called Insurify shows you all your options at once — people who do this save up to $996 per year.
If you tell them a bit about yourself and your vehicle, they’ll send you personalized quotes so you can compare them and find the best one for you.
Tired of overpaying for car insurance? It takes just five minutes to compare your options with Insurify and see how much you could save on car insurance.
3. Get Paid up to $360/Year With This Free Debit Card
Wouldn’t it be nice if you got special treatment wherever you went? You can actually get rewards wherever you shop, using this free debit card from Discover.
You’ll earn 1% cash back on every single purchase you make using your Discover® Cashback Debit account, on up to $3,000 monthly.* There’s no impact on your credit score for signing up and no minimum balance requirements ever.
Need groceries? Tap your card for cash back. You can also get paid sooner with Early Pay direct deposit, protect against overdrafts and access to over 60,000 ATMs without fees. You can handle all of your banking needs through the app and connect a virtual wallet like Apple Pay to amplify your rewards. And on top of all that, checking-account deposits are FDIC-insured up to the maximum amount allowed by law.
Does your bank do all that? If not, open a free Discover checking account to get special treatment from a bank that will actually put money back into your account.
*See website for details.
4. This App Can Help you Build Wealth – Even if You’re Broke
You already have a job, so investing your money shouldn’t feel like working overtime. And why’s there so much jargon? And hidden fees? And minimum deposits?
It’s almost like they don’t want non-rich people to invest with them.
A company called Moby can help you build wealth through the stock market without requiring a $10k investment or using industry jargon to discourage people who work for a living.
Here’s the rundown: You can potentially earn 12% on whatever you invest with Moby. And a subscription to their plain-language insights and recommendations only costs about $8 a month.
Whether you want to learn the market or just grow your money, a Moby subscription arms you with as much or as little information as you want:
- Morning newsletter and end-of-day report
- The Flagship podcast and audio/video reports
- Market reports
- Online courses to learn more about trading
- Hedge fund tracker
- And much more
This could be the money-making opportunity you’ve been looking for. So, jumpstart your investing journey with a Moby account and start growing your money for $8 and change per month.
5. This App-Debit Card Combo Earns 5.00% APY on Savings, 3% Cashback at Walmart
This sounds an awful lot like a credit card, right? It’s not, but this account rewards you like it is, minus all the ticky-tacky fees.
The One Cash debit card and app* will pay you up to 5.00% APY on savings1, and it comes with plenty of cashback offers to help you grow your money even more.
You can get 3% cashback on purchases at Walmart (up to $50 annually) with eligible deposits2 and up to 5% cashback on select brands.3
One Cash’s focus is on giving you more than you expect. One Cash won’t charge you monthly fees or impose minimum balance requirements.
There are even more perks for getting a One Cash account:
- Get paid up to two days early with direct deposit.4
- You can get 10% cash back at Walmart on your first purchase up to $20 (limited-time offer).5
- You can get free Bill Pay to settle monthly bills with eligible deposits.6
And if you have a family or friend you want to share funds with and they have One Cash, too, you can quickly and easily send them money with the “One to One” feature.
Ready for a debit card that spoils you like a credit card? It’s easy to sign up for a One Cash account today. Just enter your phone number to get started.
6. Protect Your Household from System & Appliance Breakdowns — and Save BIG!
It’s possible your fridge or HVAC system could turn on you at any moment, and there’s nothing your homeowner’s insurance would do to protect you.
Besides, would you really want to wait on insurance to get around to begrudgingly sending out help?
Choice Home Warranty’s plans deliver rapid response times for household repairs. Service is available 24 hours a day via their app, website, or phone.
A small monthly fee protects your washer, dryer, HVAC system, stove, fridge, and more—things your insurance company won’t.
And not to keep bashing your awesome homeowner’s insurance, but these home warranty plans cost way less and could save you much more money than insurance.
Choice Home Warranty has protected more than 2 million homes from having to cancel plans or lean on credit cards. With a network of over 25,000 insured technicians, help is never far away.
Learn how you can get a Free Quote. Just take this 30-second quiz to learn how much coverage you need to protect your finances from appliance repairs.
7. Slash Your Credit Card Debt — Unlock Up to 18 Months of No Interest Payments
Struggling with credit card debt? You’re likely also dealing with high-interest charges that can significantly impact your financial situation — it’s a tough problem to sort out.
But where to even start?
If you have good to excellent credit, switching to one of these top-tier 0% intro APR cards from The Ascent’s carefully curated list could help you consolidate payments and cut your interest for up to 18 months. You could not only fast-track your debt repayment but also save thousands in interest.
The Ascent is picky, meaning they’ll only highlight cards that really stretch your dollar and cut down on costs. Plus, they break down everything you need to know: from intro-rate deals and welcome bonuses to rewards and fees — no surprises, just clear info.
So if you’re looking for a financial lifeline without the drag of accumulating interest, check out The Ascent’s list of best cards with 0% Intro APR offers, and wave goodbye to interest for up to 18 months.
8. Make Up for Lost Time and Leave Your Family $250K+
We never seem to have enough savings or investments. But there’s one particular way to make up for that shortfall: life insurance.
None of us like to think about what happens to your family if you pass, but this is a smart way to free them from a burden – and give you peace of mind.
With NerdWallet, you can get multiple life insurance quotes all in one place and find a plan that’s probably far more affordable than you think.
You can choose whole life plans if you want to do it once, forget about it and have coverage for the rest of your life. Or you can pick from term life plans to get even lower rates with coverage that can last a few decades.*
Is it finally time to get covered? It’s easy to get life insurance quotes from NerdWallet to see just how affordable a good policy could be for you.
9. Earn With Women+ Connect— New Drivers (of Any Gender) Can Earn a $400 Bonus
Ridesharing is often a social experience. And sometimes, you’re in the mood to socialize with someone who gets what you’re going through.
Women+ Connect is Lyft’s new feature that lets women and nonbinary drivers choose to prioritize matches with women and nonbinary riders, offering more choice and peace of mind. You can toggle this new feature on or off in the app.
With Women+ Connect and Lyft’s other driver tools, you have more control over the rides you give. You can view potential earnings, travel times, and distances more upfront, giving you greater control over your rides.
Now, not only do you get to work according to your schedule, but you also have more control over the ride requests you receive.
Plus, any new driver (regardless of gender) can earn a $400 bonus! Give 40 rides within your first 7 days, and the bonus is yours. Terms apply. It’s a great way to kickstart your journey with Lyft and make the most of your time on the road.
It’s easy to sign up and begin driving with Lyft and use Women+ Connect. You’ll just need to enter your vehicle details and consent to a background check.
*If you already have a Lyft driver account, you can opt into Women+ Connect based on your driver preferences within the app. If you need a car, you can rent one through Lyft’s Express Drive Program.
*One is a financial technology company, not a bank. Banking services provided by Coastal Community Bank, Member FDIC.
15.00% annual percentage yield (APY) applies to the total Savings balance of customers who either (i) received $500 or more of eligible direct deposits in the previous month or (ii) have a total daily account balance of $5,000 or more. Customers can also earn 5.00% APY on Pay Autosave balances without these deposit or balance requirements. In all instances, 5.00% APY is limited to a total Savings balance of up to $250,000. All other Savings balances will earn 1.00% APY. APYs are as of 4/17/2024 but may change at any time before or after account opening.
2To receive 3% cash back, eligible customers (at the time their purchase settles) must (i) have received $500 or more of eligible direct deposits in the previous month or (ii) have a total account balance of $5,000 or more. 3% cash back is limited to up to $50 per year and applies only to purchases made at U.S. Walmart locations and on Walmart.com. This promotion may not be combined with other One promotions that offer cash back on purchases at Walmart. Terms Apply.
3Cash back can be earned through the Debit Rewards Program. Individual offer details can be found in the One app. Terms apply.
4Direct deposit may be available up to 2 days in advance but depends on when your employer sends paycheck data.
5Only available to consumers who initiate their account application through certain channels from 8/8/24 – 10/31/24. See terms for details.
6Bill pay transactions are fee-free for accounts with eligible direct deposits totaling at least $500 in the previous month. Otherwise, a $3 Bill Pay Fee applies for each bill paid.
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Our partners compensate us. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services.
