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. Let This 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.
2. You Can Cancel Your Car Insurance
The rich know this. But did you?
You can save some serious money just by canceling your car insurance and switching companies.
Rates are at historic lows, and you could be paying way less for the same coverage. All you need to do is look for it.
But don’t waste your time hopping around to different insurance companies. Use a website called EverQuote to see all your options at once.
EverQuote is the largest online marketplace for insurance in the US, so you’ll get the top options from more than 175 different carriers handed right to you.
Take a couple of minutes to answer some questions about yourself and your driving record. With this information, EverQuote will be able to give you the top recommendations for car insurance. In just a few minutes, you could save up to $610 a year.
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 Make Sure You Can Replace Everything You Own — For as Little as $5/Month
Your home does a pretty good job of protecting the things that matter to you — until it doesn’t.
A burglar could steal your valuables. A kitchen fire could torch it all, leaving you with no home at all. And where would you be then?
You could be out of luck — unless you have renters insurance. And here’s the thing: With a company like Lemonade, you could get a policy that covers only what you need for as little as $5 a month (or, $60 a year) — that’s less than half the average rate.
Even better? The whole process is fast and easy to understand. In less than two minutes, you can get a quote. It’s just as easy to make changes to your policy and file a claim through the Lemonade app.
Renters insurance could be a lifesaver in the event of an emergency.
5. Invest in Famous Art (Even if You’re Not a Millionaire)
Here’s the deal: If you’re not investing in contemporary art, you might be missing out on an asset whose prices have outpaced the S&P by 164% from 1995 to 2020. (FYI, the S&P tracks 500 of the largest companies in the stock market)
You’re probably thinking you need at least a few more zeros in your checking account before you can even start thinking about investing in Warhols and Monets, right?
But a company called Masterworks lets normal people like us invest in multimillion-dollar works of art — something typically only available to the super rich.
You don’t need hundreds of thousands of dollars to buy a masterpiece outright; with Masterworks, you can invest in multimillion dollar paintings with only $1,000.
It takes less than a minute to sign up for a free account.
Investing in contemporary art is a long-term strategy, so patience pays off here — literally. But once your piece of art sells, you get your share of the potential profits.
6. You Can Stop Paying Your Credit Card Company
If you have credit card debt, you know. The anxiety, the interest rates, the fear you’re never going to escape…
And the truth is, your credit card company doesn’t really care. It’s just getting rich by ripping you off with high interest rates — some up to 36%. But a website called Fiona could help you pay off that bill as soon as tomorrow.
Here’s how it works: Fiona can match you with a low-interest loan you can use to pay off every credit card balance you have. The benefit? You’re left with just one bill to pay every month, and because the interest rate is so much lower, you can get out of debt so much faster. Plus, no credit card payment this month.
If your credit score is at least 620, Fiona can help you borrow up to $250,000 (no collateral needed) with fixed rates starting at 5.99% and terms from 6 to 144 months.
Fiona won’t make you stand in line or call a bank. And if you’re worried you won’t qualify, it’s free to check online. It takes just two minutes, and it could save you thousands of dollars. Totally worth it.
All that credit card debt — and the anxiety that comes with it — could be gone by tomorrow.
7. See If This Free App Can Help You Raise Your Credit Score
It doesn’t matter how great of a person you are — your credit score is all some companies see. If you have bad credit, that means you could have a seriously hard time finding a place to live, getting hired or getting approved for a credit card or loan.
That’s why it’s so important to stay on top of your credit score. And with a free credit-monitoring app like CreditWise from Capital One, it actually takes very little effort to keep tabs on your credit — signing up won’t impact your credit score, either.
Not only does CreditWise monitor and provide up-to-date credit reports from TransUnion at your fingertips. CreditWise will also immediately alert you if it detects your personal information on the dark web. And from there, it can guide you through a few simple steps to either prevent or minimize the damage. Phew.
You can also check to see how hypothetical financial decisions could impact your credit.
CreditWise is a Capital One product, but you don’t need to be a Capital One customer to use it*.
Once you download the app and set up your free account, you’ll get instant access to your credit report, dark web alerts, and the CreditWise Simulator. To get started, sign up for CreditWise for free.
*To enroll in CreditWise, you’ll need to be a U.S. resident over 18 with a Social Security number that can be linked to a credit profile from the TransUnion credit bureau.
*Cash tournaments are not enabled in the following states: DE, LA, MD, MT, TN, IN, ME, TX. If you don’t live in a real prize-enabled region, you can still play for fun with our virtual currency.