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The 7 Biggest Money Secrets Ultra-Rich People Keep From The Rest of Us.

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I’m a massive savings/investing nerd, and as such, I spend a lot of my time talking to people about their money habits.

And, spoiler alert: the ultra-wealthy tend to do things way differently than the rest of us.

When you have access to lots of capital, you also tend to get access to the best financial advice: including secret techniques that very few Americans know about.

In my experience, here are the 7 secrets ultra-rich families use to grow their wealth (and cut down on expenses).

(Note: this page contains affiliate links)

Secret #1. They use savings accounts that pay up to 10x more interest than average.

If you’re like the average American, your savings account pays you virtually zero interest (typically under 0.3% a year, in my experience).

Believe it or not, plenty of banks are willing to offer 10x that rate. PNC, for example, has an account that pays a whopping 4%/year right now (with no minimums).

(E.g. if you store $100k in a 4% interest savings account today, in a year you’ll have netted $4,000 from interest alone)

PNC doesn’t have minimum deposits or monthly service charges, so they’re a good option to consider (link is below):

Secret #2. They pay way less when shopping online.

You might be surprised how often you’re overpaying on Amazon and elsewhere.

Big stores like Amazon know that no one has time to price shop through dozens of sites, so there’s often no incentive for them to offer bargain prices.

I typically hate browser extensions with a fiery passion, but if you don’t have Capital One Shopping installed yet, do yourself a favor and grab it.

When you shop online (on Amazon or elsewhere) it will:

  1. Auto-apply coupon codes for you to save you money
  2. Compare prices from other sellers to make sure you’re not missing out on a better deal

It’s saved me a ton of money more than once. Here’s a quick example:

Savings will vary, this is just an example, of course.

That same exact blender was $26 cheaper at another store (with 2 day shipping) when I shopped.

Here’s a link to install Capital One Shopping, if you’re interested.

Secret #3: They save $410+/year on car insurance.

The average American family still overspends by up to $417/year1 on car insurance.

Check out a site like to compare the best car insurance options available.

Answer a few questions and get matched with a customized offer today.

See how much you could save.

Secret #4: They get paid for their screentime.

Very few people know about it, but Nielsen (the company that measures TV ratings) will actually pay you for the time you spend on your phone or PC.

You basically are part of a mini-research study: you just install an app on your device that will give Nielsen anonymous data on how much you use your phone, etc.

Not everybody qualifies for it, but if you do, it’s a sweet gig.

Secret #5. They make money by giving their opinions

There are companies that pay for you to give feedback. Really.

Sites like Branded Surveys are super simple. Sign up, set-up your profile with basic information about yourself, then you can start completing surveys.

In exchange for the time you spend responding to service, you’ll be rewarded with gift cards.

And probably the biggest secret of all: they get a financial advisor to do the work for them.

Doesn’t sound like much, right? 99% of people don’t have one, and it’s typically a huge mistake.

Sure, you can manage things on your own if you want to, but most people don’t have the time to actually do things right. There are huge benefits to having somebody pay attention to your money all the time.

  • People with financial advisors tend to beat the market by ~3%/year (according to a 2019 Vanguard Study). That can make a huge difference over time.
  • But more important: a good advisor will handle ALL of the annoying retirement stuff & bizarro tax implications you would have never thought of

If you don’t know a financial advisor personally, use a comparison site (like WiserAdvisor) and find somebody near you that has good reviews.

Or if you want something easier, here’s a quiz you can fill out that will find an advisor/planner based on your reqs.

That’s all (for now).

Thanks for reading! We’ll update this post monthly as new options become available.

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