The 8 Biggest Money Secrets Most Rich People Won’t Tell You

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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. 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. And 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 before August 31, you can earn a $20 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% in interest… while you sleep.

With Connect Invest, you’ll invest for terms of six, 12 or 24 months, during which you’ll receive monthly fixed-interest payments between 7.5% and 9%. 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 $20 bonus, make sure to select “Penny Hoarder” as a referral source, and apply promo code “PH23.”

2. This Savings Account Pays 5.50% APY — Good Luck Finding a Better Rate

Ever wonder what your money does when you’re not looking? Well, the answer is not much if you’re saving money in a traditional bank account. It could be earning you so much more interest.

And you’re probably not going to find a higher interest rate than this. We checked.

We just found the Betterment Cash Reserve account. It’s a high-yield savings account that pays a whopping 5.50% APY (annual percentage yield) for new customers.

And no, they don’t try to take money back from you with fees. You keep everything your money earns you. There are no maintenance fees, minimum balance requirements, or limits on withdrawals.

While people worry over the highs and lows of the stock market, money in your Cash Reserve account will keep growing. And it’s federally protected, FDIC insured up to $2 million ($4 million for joint accounts).

If you’re ready to put your money to work for you, open a free Cash Reserve account from Betterment account today.

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 Free App Will Give You up to $1K in Free Stock Just for Signing Up and Funding Your Account

Inflation is doing a great job of making it really difficult to buy, well… anything. And that includes stocks.

Luckily, when you open a free SoFi Invest account and fund it with at least $10, they’ll give you free stocks in return — worth up to $1,000.

With SoFi, You can buy full or fractional shares of popular stocks, plus you can invest in exchange-traded funds — or collections of stocks.

If you’re new to investing, SoFi has automated investing tools to help simplify things. Plus, they won’t charge you any SoFi management fees.

It only takes a minute to open a free account and get started. Then, once you fund it with at least $10, SoFi will reward you with your free stock — which could be worth up to $1,000.

*See terms

5. Stop Accidentally Overspending — Get This Budgeting App While It’s Only $2/Month

Most of us can rely on that voice in the back of our heads to tell us right from wrong. But when it comes to money, it’s so easy for numbers and enticing marketing to drown it out.

An app called Quicken Simplifi makes it easier to visualize your money, so you can put more of it in the right places and avoid accidentally overspending.

No, this app won’t tell you to save every dollar and avoid spending money on fun things (unless you want it to). But with Quicken Simplifi, you can set your budget exactly how you want.

The app can also alert you when you’re nearing your spending limits, warn you when there’s a bill coming up and report unusual activity. You can also generate custom reports of your spending, savings, earnings and over a given date range.

Right now, you can get 50% off a Simplifi subscription for 12 months — that’s as little as $2 a month, and it’s so worth it for anyone who’s finally ready to start crushing their financial goals.

Tired of going over your budget? Just download the Quicken Simplifi app and take the first step towards better financial health this year.

6. Have 10K+ In Investments? This Free Financial Plan Could Save You Up to $3,500/Year

You feel like you’ve always been on top of your investments, and you’re proud of how far you’ve come. But you may still be wondering if you’re actually doing enough to fully secure that rich retirement you know you deserve.

That’s why having a financial plan in place is one of the smartest decisions you could make.

With The Penny Hoarder, you can get a customized financial plan for free. Anyone is eligible for a free financial plan, but if you have $10,000 or more in investments (or $200,000 if you are retired), you could qualify to connect with a personal financial advisor to get an in-depth review of your finances and plan your next money moves together with confidence.

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. Get your free financial plan here.

7. 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.

8. Stop Paying for Your Past — You Could Save $150/mo on Your Car

If you’ve been paying your car loan on time for months, you’ve probably noticed lenders looking at you differently. All that attention means your hard work is paying off, and you’re in a position to give yourself a big break.

Just because you can afford to pay your original loan doesn’t mean you should keep overpaying. Most people qualify for significant savings in just three to six months.

A company called ReFiJet can help you update your car loan to reflect the new you. ReFiJet saves people an average of$150 a month when they refinance their auto loan through them.

There’s no impact on your credit score to see how much you can save. And ReFiJet’s service fees are about half the of what competitors charge — it’s all rolled into your refinanced loan, so you pay nothing out of pocket.

All you have to do is enter some basic information on ReFiJet to get a quote. If you like your offer, a top-rated customer service agent will walk you through the end of this short process. They’ve got an A+ rating with the Better Business Bureau, so you can refinance with confidence.

*See terms

*SoFi Invest: Customer must fund their Active Invest account with at least $10 within 30 days of opening the account. Probability of customer receiving $1,000 is 0.028%.

Terms for ‘Claw’ Promotion: https://www.sofi.com/invest/clawpromotion/rules

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