The 8 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. Stop Making Payments to Your Credit Card Company
If you’re carrying around credit card debt, you know how hopeless it can feel. The interest rates alone can make it feel like you’ll never escape.
Meanwhile, your credit card company could care less. They’re getting rich off those sky-high rates, after all.
Luckily, The Rate Chopper could help you start to get rid of all that debt — as soon as a few days from now. Here’s how: The Rate Chopper could match you with a lender and a new loan at a lower interest rate you can use to pay off all your credit card balances. Now you’ll just have one bill to focus on, and with the lower rate, you’ll likely be able to pay off your debt that much faster.
If you have a credit score above 600 and you need to borrow up to $50,000, The Rate Chopper can help you find a loan with rates as low as 5.99% APR.* That’s way better than the 20% or more your credit card is charging you.
It only takes a few minutes to complete the form to get your personalized results — and checking won’t affect your credit score. Plus, The Rate Chopper keeps your information encrypted and secure.
And if you’re worried you won’t qualify, it’s free to check and see if you match with a lender. You’ll need to enter your Social Security number when you fill out their form, but The Rate Chopper uses data encryption to help keep your information safe.
It takes just a couple minutes, and it could save you thousands of dollars. Totally worth it.
2. Let This Account Give You $300 Just for Keeping Your Money There
Here’s the deal: If you’re not banking with a credit union called PSECU, you’re missing out on extra cash. And who doesn’t want extra cash right now?
Yep. PSECU will give you $300 after just a few months of keeping your money there.
They’ll pay you $100 when you sign up, another $100 when you set up direct deposit within 90 days of opening your account, and another $100 when you keep direct deposit active for three months.*
It’s free to open a checking account, and there’s no minimum deposit or fees. Plus they have more than 70,000 surcharge-free ATMs and rebates for non-network ATMs. You’ll also get no-fee overdraft protection if you have a backup source of funds.
Credit unions sometimes have waitlists, but PSECU doesn’t right now. Apply to join PSECU here and start earning your $300 in free cash.
*Offer valid until 12/31/23
3. Add $225 to Your Wallet While Watching the News
It’s been a historic year in the news, and we’re all constantly refreshing for the latest updates. You probably know more than one news-junkie who fancies themselves a constitutional scholar or a foreign policy expert.
That might not be the best news for your dinner conversations — but it’s great news for your wallet. You could add up to $225 a month to your pocket by signing up for a free account with InboxDollars. They’ll present you with short surveys to choose from every day, which you can fill out while you watch tonight’s broadcast.
You just have to answer honestly, and InboxDollars will continue to pay you every month. This might sound too good to be true, but it’s already paid its users more than $56 million.
It takes about one minute to sign up, and start getting paid while you watch the news.
4. You Can Grow Your Money 10x Faster With This Online Bank Account
If you bank at a traditional brick-and-mortar bank, your money probably isn’t growing much (c’mon, 0.4% is basically nothing).
Online banks can offer you much higher interest rates because they have lower overhead. Besides, who wants to stand in line when you can bank from your phone basically anywhere?
SoFi Checking and Savings has one of the highest annual percentage yields (APY) we’ve found for a checking account. With SoFi, you can earn a hefty 4.40% APY on savings balances (direct deposit required), and 0.50% APY on checking balances — that’s 10 times more than the national average.
With SoFi, your phone is your bank branch. You can deposit checks via your phone’s camera, transfer funds and get customer service via chat or call.
Another big plus: No account fees, no monthly fees and no overdraft fees. And yes, SoFi Checking and Savings is FDIC insured (up to $2M through the SoFi Insured Deposit Program).
Ready to grow your money faster? It’s quick and easy to open an account with SoFi Checking and Savings. Right now, you can even earn up to a $250 welcome bonus with qualifying direct deposits (terms apply).*
5. Get $150 When You Slash Your Home Internet Bill to as Little as $30/Month
There are some bills you just can’t avoid. For most of us, that includes our internet bill. You can’t exactly go without it these days, and your provider knows that — that’s why so many of us are overpaying.
But with T-Mobile, you can get high-speed, 5G home internet for as little as $30 a month. They’ll even guarantee to lock in your price.
You’re probably thinking there’s some catch, but they’ll let you try it out for 15 days to see if you like it. If not, you’ll get your money back. You don’t even have to worry about breaking up with your current provider — T-Mobile will pay up to $750 in termination fees.
Even better? When you switch now, you’ll get $150 back via prepaid MasterCard.
Just enter your address and phone number here to see if you qualify. You could be paying as low as $30 a month for high-speed internet.
6. Earn 110% Higher Interest On Your Savings (One of the Highest Available)
Interest rates at most banks these days are downright pitiful. You’ll be lucky if you earn a quarter at the end of the year.
But an online bank called Vio has one of the highest earning rates you’ll see — 3.62% APY* (Annual Percentage Yield) on your money market savings. That’s 110% higher than the average high-yield savings account.
Not only does it pay well, it also costs nothing to open an account. You just need to transfer at least $100 to keep it open.
Security is also top notch. You can depend on bank-level encryption, FDIC insurance up to $250,000, with the highest level security you can obtain.
There’s a reason why it’s been named the best high-yield savings account by websites like Fox Business, CNet and CNBC. And it has an A+ rating from the Better Business Bureau.
If you’re ready to save smarter and earn more, open a free Vio Cornerstone Money Market Savings Account. Get started here.
*See viobank.com for more details
7. This is One of the Best Ways to Protect and Diversify Your Retirement Funds
The stock market doesn’t care about the date you’re targeting for retirement. That’s why it’s important to make sure your savings are diversified and protected against market volatility.
A company called Goldco can help you convert some of your retirement savings into pure gold and silver, which have historically been a safe bet over time.
Goldco’s precious metals IRAs are similar to other individual retirement accounts, with the same distribution requirements, except they contain physical gold and silver instead of stocks and bonds.
If you have $50,000 or more in retirement savings you’re looking to protect, get a free kit or consult with Goldco today.
8. You Can Get a Free Financial Plan Save You up to $3,500/Year
Having a financial plan is one of the smartest decisions you can make for your future. It shows you what to do with your money, getting you on a path toward a richer life.
But only people making six figures can afford an advisor, right?
The Penny Hoarder can get you a customized financial plan for free. All you have to do is answer a few questions, and you’ll get your free custom financial plan.
The best part? This could save you up to $3,500 per year. And it’s completely free — and totally anonymous. You won’t be bombarded with ads or sales pitches.
There’s literally no catch. Just sound financial advice, customized for you — no matter your financial situation. Get your free financial plan here.
*Sofi: Direct Deposit Promotion begins on 01/01/2023 and will be available through 12/31/23. SoFi members with Direct Deposit of $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 4.50% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. Members without either Direct Deposit or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 8/9/2023. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
*Approval and loan terms vary based on applicant qualifications. Not all applicants will qualify for the full amount or lowest available rates.
NerdWallet Compare, Inc. (dba The Rate Chopper) NMLS ID# 1617539
CA Fin. Lender loans arranged per DFPI, Fin. Lenders Lic #60DBO-74812