The 8 Biggest Money Secrets Most Rich People Won’t Tell You (2024)

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. Earn 4.35% Interest on Your Savings and Still Access Your Money Any Time

You’ve been with the same bank for years, and how do they repay your loyalty? With a measly 65 cents in earned interest every year.

And you’re not alone. The national average interest rate for savings accounts is just 0.46%.

But there’s actually a way to grow your money 17 times faster — completely risk-free.

When you sign up for a Capital One 360 Performance Savings Account, you’ll earn 4.35% APY on your account balance. Just to be clear, that’s almost 10 times the national average on a regular savings account.

There’s no minimum deposit to open and keep your account. And you’ll never pay any monthly or maintenance fees, either.

You also don’t need to worry about accessing your savings—you can withdraw your money at any time with no penalties. Plus, all your money is FDIC-insured, which basically just means it’s super safe.

Signing up for your Capital One savings account only takes a few minutes. After that, you can sit back and watch your savings grow with 10 times the average interest.

2.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.

3. Grow Your Money 9x Faster — Without Risking Any of It

You’ve been with the same bank for years, and how do they repay your loyalty? With a measly 65 cents in earned interest every year.

And you’re not alone. The national average interest rate for savings accounts is just 0.46%.

But there’s actually a way to grow your money 17 times faster — completely risk free.

When you sign up for a Capital One 360 Performance Savings Account, you’ll earn 4.35% APY on your account balance. Just to be clear, that’s almost 10 times the national average on a regular savings account.

There’s no minimum deposit to open and keep your account. And, you’ll never pay any monthly or maintenance fees, either.

And there’s no need to worry about accessing your savings — you can take your money out at any time with no penalties. Plus, all your money is FDIC insured, which basically just means it’s super safe.

It only takes a few minutes to sign up for your Capital One savings account. All you really need to do after that is sit back and watch your savings grow with 10 times the average interest.

4.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.

5. Earn Up to $750/Year And Maximize Your Credit Card Rewards with This Free Browser Extension

We all love earning credit card rewards, but most of us don’t have the time or energy to compare and keep track of which card will provide the maximum rewards for every purchase.

That’s where Kudos steps in. It’s a free browser extension that boosts your credit card rewards by always using the best card for every online purchase. The best part? The average user can earn over $750 per year.

Here’s how it works: When you’re ready to make an online purchase, Kudos automatically calculates all your credit card rewards and benefits, then picks and autofills the best card, so you earn the most rewards from the purchases you were going to make anyway.

Kudos supports over 3,000 cards and works with over 2 million online merchants. And if that wasn’t enough, Kudos will double your rewards when you shop at over 15,000 “Boost” merchants that partner with Kudos. In fact, right now for a limited time, you can earn a 2000 Boost after your first eligible purchase.

And if you’re worried about your privacy, Kudos will never sell or share your data with any third parties. Plus, your personal and credit card info is kept safe and secure with enterprise-grade compliance and bank-level encryption.

Don’t just shop online — earn more rewards with every transaction. Download the Kudos browser extension todayafter your first eligible purchase.

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.

*NerdWallet: believes everyone should be able to make financial decisions with confidence. And, while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and teh tools we create are objective, independent, straightforward – and free.

Our partners compensate us. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services.