The 7 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. Earn 10-12% in Passive Income from Real Estate
Internet forums are filled with horror stories from everyday people who’ve lost boatloads of money investing in “hot” stocks. But we’d rather focus on happier stories, like how you can safely earn passive income from real estate.
Ignite Funding makes it feasible for any investor to earn 10% to 12% annually on their real estate loans, known as trust deeds. You don’t need to make a large investment to get started earning passive income.
Trust deeds are simple. You invest in commercial real estate loans and profit when real estate developers repay those loans each month. You have a clear picture of how much money you’ll earn upfront, plus you don’t have to make a big initial investment to test the waters.
Don’t put all of your nest eggs into one property — diversify.
Invest with Ignite Funding without any fees and earn a predictable fixed income each month.
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 4.00% APY and a $30 Bonus With This High-Yield Cash Account
It’s hard not to cringe when you see a bank statement full of fees. And let’s be real: When every dollar matters, why are we paying to keep money in our accounts in the first place?
It’s time for something better.
With Wealthfront, you can forget those annoying bank fees and earn a whopping 4.00% APY through partner banks on your cash — about 10x the national average savings rate. Enjoy unlimited transfers, same-day withdrawals, zero account fees, and no minimum balance requirements to earn 4.00% APY¹. You can use Wealthfront with your favorite payment apps like Apple Pay, Venmo, and Google Pay.
They’ll also give you access to a customizable investment portal so you can start building wealth while focusing on your short- and long-term goals.
Wealthfront isn’t quite a bank, but it works with several FDIC-insured partner banks to give you the convenience and flexibility you expect, minus the sneaky fees and account requirements. The best part? You can get started with Wealthfront with only a $1 opening deposit or snag a $30 bonus² when you deposit $500 or more (terms and conditions apply).³
Join Wealthfront today and make your money work for you— not your bank.
4. 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.
5. Skip the Interest on Balance Transfers Until 2026 With This Card
Stop letting your credit card rewards fall flat. If you’re not earning cash back on the purchases you make every day, it’s time for an upgrade.
This card could be the game-changer you’ve been looking for. You’ll earn up to 5% cash back in top categories like groceries, gas, and dining — plus unlimited cash back on everything else. And here’s the kicker: you’ll get an unlimited rewards match your first year. That means every reward you earn gets doubled.
Need some breathing room? This card also comes with a 0% intro APR for 15 months (until 2026), giving you time to manage your finances without getting hit by interest.
Earn more on what you’re already spending and save while you do it. It’s a simple way to take back control of your wallet.
Get rid of your high-interest payments. Learn more about this card today.
6. 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.
7. Earn a $250 Welcome Bonus and Unlimited Cash Back With This Card
Tired of credit cards that overpromise and underdeliver? Companies are quick to tell you you’re getting a great deal only for you to find out your rewards will barely make a dent in your spending. It’s time for a better card that delivers on those promises.
This cash back card gives you exactly what you’re looking for. Welcome bonus? Check. Usable cash back? Check. And that’s not all.
Here are all the perks you’ll get with this card:
- A $250 welcome bonus (based on minimum spend requirement)
- Cash back on every day purchases, including 6% cash back at U.S supermarkets (up to $6,000 per year)
- No annual fee for the first year
This card is as straightforward as it gets… and that’s why we like it. Learn more about how to earn your $250 sign-up bonus.
1. Based on the national average interest rate for savings accounts as posted on FDIC.gov, as of September 15, 2024). FDIC coverage will remain at up to $8 million for individual Cash Accounts ($16M for joint accounts) through partner banks.
2. Client must maintain $500 by the 30 day mark. See website for details.
3. Checking features for the Cash Account are subject to identity verification by Green Dot Bank, Member FDIC. Cash account is offered by Wealthfront Brokerage LLC (“Wealthfront Brokerage”;), a Member of FINRA/SIPC. Wealthfront Brokerage is not a bank. We convey funds to partner banks who accept and maintain deposits, provide the interest rate, and provide FDIC insurance. The APY rate listed is as of 09/19/2024 and is subject to change at any time. Fees and Eligibility requirements may apply to certain checking features, please see the Deposit Account Agreement for details. Limits, fees, and exclusions apply. All investing involves risk, including the possible loss of money you invest.
Apple, the Apple logo, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Google, Android and Google Play are trademarks of Google Inc., registered in the U.S. and other countries.
Please note, Real-Time Payments (RTP) transfers may be limited by destination institutions,daily transaction caps, and by participating entities such as Wells Fargo and the RTP® Network. New Cash Account deposits are subject to a 2-4 day holding period before becoming available for transfer. Wealthfront doesn’t charge for transfers, but receiving institutions may impose an RTP fee.
The Penny Hoarder receives compensation when a reader clicks on the referral link that redirects them to Wealthfront, which creates a conflict of interest. Penny Hoarder’s opinions in this article are their own and are not tied directly to such compensation. The Penny Hoarder and Wealthfront Brokerage, LLC are not associated with one another and have no formal relationship outside of this arrangement.
*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.
