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. 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).*
2. 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.
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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 $50 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.
3. 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.
4. 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
5. 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.
6. See if This Tool Can Raise Your Credit — in Just Months
Bad credit? Thin credit? That pesky little score can be a huge roadblock standing in the way of a lot of your goals in life.
Luckily, we came across a company called CreditStrong that wants to help you improve your score — even if you don’t have good credit or you have a “thin” credit file.
CreditStrong gives you the opportunity to demonstrate that you’re credit-worthy. Their credit account works like a savings account, but it gets reported as a credit account.
Every time you save money, they report it as an on-time payment. Make enough on-time payments and you’ll start to qualify for traditional, unsecured credit. And in no time, those credit card companies will start begging you to sign up.
You have to start somewhere, and we can’t think of a better place to do it than CreditStrong. To get started, just create an account and link a bank account to it.
7. 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.
*See full terms and disclosures at sofi.com/banking. Direct Deposit Promotion begins on 01/01/2023 and will be available through 12/31/23. SoFi members with direct deposit can earn up to 4.40% 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 4.40% APY for savings. Members without direct deposit will earn up to 1.20% annual percentage yield (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 7/11/2023. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
*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.
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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.