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. See If you Can Get Car Insurance For as Low as $19/Month* 

When was the last time you compared car insurance rates? Chances are you’re seriously overpaying with your current policy.

If it’s been more than six months since your last car insurance quote, you should look again.

And if you look through a website called CheapRatesOnline, you could save yourself up to $500 a year*.

It takes just two minutes to answer some questions, and CheapRatesOnline’s smart matching technology will show you the insurance providers that are the best fit for you. And don’t worry — CheapRatesOnline uses advanced data security and encryption technology, so all your details are safe.

The website is free to use and can even save you up to an additional 20% if you add another vehicle to your policy. You could be paying as little as $19 a month* for car insurance.

CheapRatesOnline has already helped millions of people find affordable car insurance. See how much money you could save with a new policy.

*average expenditure $88/mo.

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. Let This App Spot You a Few Bucks When You Need It

It’s happened to all of us at some point — the dreaded overdraft. It’s not only embarrassing if your card gets declined at the grocery store over a few bucks, but the fees that come with it only put you further into a hole. Double yikes.

But a banking app called Chime wants to protect you from both of those problems with its SpotMe® feature1. It’s a fee-free overdraft protection that lets you overdraft up to $200 (for eligible members) without penalty.

Yep. Just sign up for a free Chime checking account and set up a qualifying $200 monthly direct deposit to take advantage of this face-saving tool. You’ll also get access to other sweet features, like getting paid up to two days2 earlier with direct deposit, help automatically growing your savings and access to more than 60,000 fee-free3 ATMs.

Signing up takes just a few minutes. You’ll need your Social Security number handy — but don’t worry, your information is protected by bank-level security, FDIC insurance and two-factor authentication.

5. Let This Nonprofit Help You Get Out of Debt — And Stay There 

If you have debt, you know it all too well: Companies come out of the woodwork with emails, phone calls and mailers promising to magically make it all go away. Yep. There are a lot of bad actors out there looking to turn a profit from your misfortune.

Too many people are unaware of non-profit credit counseling organizations like the National Foundation for Credit Counseling. They’ve been offering low to no-cost solutions for getting out of debt since the ’50s.

Getting started is simple: An NFCC-certified counselor will ask a few questions to find out how much and what kind of debt you have, then work with you to build a customized action plan. There are no loans or hidden fees, and they can help just about anyone.

Plus, at the end of the process, you’ll be in a much better position with your credit than you would be with those aggressive, for-profit debt-reduction offers.

It takes just a few minutes to connect with an NFCC-certified counselor and get started on your customized plan.

6. 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. 

7. 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

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?

Wrong.

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.

*The Rate Chopper: 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

http://www.nmlsconsumeraccess.org/

CA Fin. Lender loans arranged per DFPI, Fin. Lenders Lic #60DBO-74812

*Chime:

1 Eligibility requirements apply. Overdraft only applies to debit card purchases and cash withdrawals. Limits start at $20 and may be increased up to $200 by Chime. See chime.com/spotme.

2 Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.

3 Out-of-network ATM withdrawal fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.

*Sofi Active 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

SoFi Invest refers to the three investment and trading platforms operated by Social Finance, Inc. and its affiliates (described below). Individual customer accounts may be subject to the terms applicable to one or more of the platforms below.

1) Automated Investing and advisory services are provided by SoFi Wealth LLC, an SEC-registered investment adviser (“Sofi Wealth“). Brokerage services are provided to SoFi Wealth LLC by SoFi Securities LLC.

2) Active Investing and brokerage services are provided by SoFi Securities LLC, Member FINRA(www.finra.org)/SIPC(www.sipc.org), (“Sofi Securities”). Clearing and custody of all securities are provided by APEX Clearing Corporation.

3) SoFi Crypto is offered by SoFi Digital Assets, LLC, a FinCEN registered Money Service Business.

For additional disclosures related to the SoFi Invest platforms described above, including state licensure of SoFi Digital Assets, LLC, please visit SoFi.com/legal.

Neither the Investment Advisor Representatives of SoFi Wealth, nor the Registered Representatives of SoFi Securities are compensated for the sale of any product or service sold through any SoFi Invest platform. Information related to lending products contained herein should not be construed as an offer or pre-qualification for any loan product offered by SoFi Bank, N.A.