The 6 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. 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.

2. Invest in Real Estate Without the Volatility — You Only Need $500

You’re not the only one who daydreams about making money in your sleep. Investing in real estate is one of the best ways to earn passive income. The only problem? You need to have lots of money.

Well, you used to…

With a company called Connect Invest, you can get your foot in the door for just $500, investing in what are called short notes. And, if you make your first investment within 40 days of signing up, you can earn a $50 bonus.

Basically, you’re buying the debt that wealthy developers take on to fund their real estate projects — and they have to pay you back, with up to 9% (annualized rate) in interest… while you sleep.

With Connect Invest, you’ll invest for terms of 6, 12, or 24 months, during which you’ll receive monthly fixed-interest payments between 7.5% and 9% (annualized rate). You could earn a legit passive income with those rates — and it’s way higher than what you’d earn with your savings account!

Connect Invest carefully vets each real estate project and borrower. And don’t worry, all loans are backed by real estate collateral. In the rare event of a default, Connect Invest’s sister company will foreclose on the property with the investors’ approval and sell it to recover your investment.

It’s super easy to set up your free account and start investing. To earn your $50 bonus, select “Penny Hoarder” as a referral source and apply promo code “PH50.”

3. Earn 4.00% Interest on Your Savings and Still Access Your Money Any Time

You’ve been with the same bank for years, and how do they repay your loyalty? With a measly 65 cents in earned interest every year.

And you’re not alone. The national average interest rate for savings accounts is just 0.46%.

But there’s a way to grow your money 9 times faster than the national average—completely risk-free.

When you sign up for a Capital One 360 Performance Savings Account, you’ll earn 4.00% APY on your account balance. Just to be clear, that’s almost 10 times the national average for a regular savings account.

There is no minimum deposit to open and maintain your account, and you’ll never pay monthly or maintenance fees.

You also don’t need to worry about accessing your savings—you can withdraw your money at any time with no penalties. Plus, all your money is FDIC-insured, which basically just means it’s super safe.

Signing up for your Capital One 360 Performance Savings Account only takes a few minutes. After that, you can sit back and watch your savings grow.

4. 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.

5. Score $200 Cash Back When You Spend $500

Sick of credit cards that make you jump through 800 hoops to access the cash rewards they promise? You deserve better.

This card makes it simple to score big right from the start. Earn a $200 cash rewards bonus after spending just $500 — that’s an incredible 40% back! You can also rack up unlimited rewards all year long, so every purchase keeps adding to your total. And with an amazing low intro APR on balance transfers and new purchases, you’ll get extra breathing room to manage your finances without added interest.

Here’s the breakdown:

• $200 cash bonus after your first $500 in purchases
• Unlimited cash rewards on purchases
• Low intro APR on qualifying balance transfers and purchases

This card is designed to put more cash in your wallet with every tap or swipe.

Make your spending work for you. Start earning better cash rewards today.

6. Get up to $100,000 From This Company

Every month, you make payments toward your credit card debt. But you never seem to make a dent. It’s because of those sky-high interest rates — as much as 24% interest. It can feel impossible to get ahead.

But MoneyLion could help you find offers to cut your interest rate by 70% as soon as tomorrow.

Here’s how it works: MoneyLion can match you with new loan offers at a lower interest rate — as low as 5.20% APR*. That’s 70%* lower than the average credit card interest rate. And it’s the key to finally getting ahead.

You can use this new loan to pay off all your existing credit card debt, then you’ll be left with one (cheaper) monthly payment that will help you get out of debt faster.

If you have a credit score of at least 620, you could get up to $100,000. With no collateral. And terms go up to 144 months.

Worried you won’t qualify? Take two minutes to check online and see if you could cut your credit card interest rate by 70%.

*Based on creditworthiness. Average credit card interest rate is 24.72% as of 8/14/24, according to Forbes Advisor’s weekly credit card rates report.

*NerdWallet: believes everyone should be able to make financial decisions with confidence. And, while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and teh tools we create are objective, independent, straightforward – and free.