By
GOBankingRates Staff
It can feel like the super wealthy have access to some secret money playbook the rest of us never got. And in a way, that’s true. They have connections and access that most of us simply will never have.
But there’s good news: A lot of things the ultra wealthy do with their money are perfectly accessible to us — we just have to be smart enough to take advantage.
These are some of the most subtly genius things all rich people do with their money. The best part? You can do them, too.
1. They Know You Can Grow Your Money More Than 11x Faster
Wealthy people know that your money should be working for you. If you’re keeping your savings in a traditional savings account, it’s probably not doing much for you. In fact, the latest numbers from the FDIC show that the average savings account only pays 0.46% APY.*
If you want to grow your money faster — 11.8 times faster* — one option you might consider is the Gainbridge® FastBreak™ annuity. You’ll earn APY** on this annuity, which comes with a self-managed platform and the ability to withdraw your money without a tax penalty before age 59 1/2.
An annuity is a contract between you and an insurance company that promises you a future payout in regular installments, usually monthly and often for life. The Gainbridge® FastBreak™ annuity comes in three to 10 year terms, in premiums of $1,000 to $1 million, and you’re able to withdraw up to 10% of the account value each year.**
The FastBreak™ annuity is self-directed, easy to set up and comes with 30 days to cancel your contract if you change your mind.
Want to start growing your money 11.8 times faster* than if you kept it in a savings account? Get started here to start earning APY.**
2. They Protect Their Portfolio With Precious Metals
If the past few years have shown us anything, it’s that disruptions to the market can come out of nowhere. Between the pandemic, supply-chain issues and bear markets, a lot of people’s retirement savings felt the impact.
That’s why it can be a smart idea to look for ways to protect your retirement savings from the unpredictable. For a lot of people, investing in precious metals is a way to diversify and protect their investments.
One way to do this is with a precious metals IRA through a company like GoldCo. Precious metals often outperform other investments in a volatile market, and their value tends to rise with inflation, making them an effective hedge during uncertain economic times.
Opening a gold or silver IRA is easy, and you can roll over funds from existing retirement accounts. Or you can buy gold and silver directly from GoldCo’s extensive collection.
Worried you may need to sell your precious metals in the future? Goldco offers a buy back program and will purchase your assets back from you at the highest price. Plus, GoldCo has an A+ rating with the Better Business Bureau.
Want to diversify and safeguard your investments by adding gold and silver to your portfolio? It’s easy to get started here and get your free kit.
3. They Use a Financial Advisor. You Can Get Matched With One for Free
The super wealthy didn’t get that way by mistake. They’re smart: They know how valuable it is to get an expert’s help with their money. The professionals simply know things we don’t.
But for the rest of us, getting a financial advisor sounds expensive and tedious. That’s why we like a company called Unbiased. They’ll match you with a financial advisor in your area — for free.
No two people have the same financial situation, which is why Unbiased matches you with the best financial advisor for your specific situation, so you get an expert in the areas you need.
There’s no obligation to hire the advisor, and Unbiased screens every advisor to make sure you’re only getting matched with the best experts.
Want to get a customized financial plan? Just start here to get matched with a financial advisor for free.
4. They Know You Can Get $340/Year in Cash Back on Gas and Other Things You Already Buy
The super wealthy know the devil is in the details — that’s why so many of them keep a close eye on every dollar they spend. It’s something any of us can do by using a free cash-back app like Upside.
Upside pays you cash back when you fill up at the pump and buy other things you already need, like groceries and even meals at restaurants — frequent users earn an average of $340 per year.
Once you download and install the free app, just browse its more than 50,000 participating grocery stores, restaurants and best of all, gas stations, to find a cash-back offer near you. These are always changing, but we’ve seen up to 24 cents back per gallon.
Claim the offer you want and buy your items with your usual debit or credit card. After, check in with Upside to verify your purchase. Upside will verify your purchase and then add the cash back to your Upside account (this can take up three business days). Then you can cash out directly to your bank account, or via PayPal or gift card.
Upside pays its users $1 million each week, and the app has a 4.7 star rating from more than 250,000 reviews.Just download the free app to see how much cash back you can earn on gas, food and other things you already have to buy.
5. They Earn Passive Real-Estate Income — You Can Start With Just $100
Investing in real estate has always been a way the wealthy earn passive income. There’s just one problem. We’re not all wealthy. We can’t all afford to just go out and buy a rental property.
Luckily, a company called Arrived lets you invest in rental homes and vacation properties with a minimum investment of just $100. The best part? You don’t even have to be a landlord. Arrived handles all the nitty gritty work.
The process is simple. Just sign up, then browse the available properties, like a single-family rental home in Charlotte, or a vacation rental in the Catskill Mountains. You decide how much you want to invest, then watch for property appreciation and quarterly rental income payments.
More than 540,000 people have already invested with Arrived, and it’s already paid out $3.5 million in dividends to its investors. Depending on the property and terms of the investment, investing in single-family and vacation-rental properties has historically yielded between 6% and 15% returns.
Want to start earning passive rental income? Click here to get started for as little as $100.
6. They Negotiate Everything — Even Debt
Sure, there are some strategic ways to leverage debt, but by and large, debt is the enemy of wealth. And the ultra-rich know this all too well. That’s why they rarely allow high interest debt to accumulate.
If you have debt of your own, you know firsthand how much it can hold you back. So take a page out of the elite’s playbook — have an expert negotiate it.
A company called Debt Relief Advocates has experts who know exactly how to negotiate with your lenders. It might sound surprising, but many creditors often settle debt for less than the amount owed — it’s in their own interest to settle the debt for less, rather than risk getting no money at all.
Here’s how it works: Debt Relief Advocates’ team of experts will take a look at your situation and show you all your options, so you can pick the tailored program that’s best for you. Then they’ll get to work negotiating your debt to get you the most savings possible in the shortest amount of time.
The best part? You don’t pay anything until you finish the program and see results. If Debt Relief Advocates doesn’t settle your debt, you don’t pay.
Debt Relief Advocates has already helped more than 500,000 people resolve their debt. If you have at least $10,000 in unsecured debt, such as credit card debt or medical debt, this could be the right solution for you.
It’s easy to get started. Just answer a few quick questions about your debt to get your free quote and see how much you could save on your debt.
*Source: FDIC, national average of savings, week of 01/16/24. Rates subject to change.
**Gainbridge®: Annuity rates are subject to change at any time, and the rate mentioned may no longer be current. Please visit Gainbridge.io for current rates, full product disclosures and disclaimer. Withdrawals above the 10% free withdrawal amount are subject to a withdrawal charge and market-value adjustment. FastBreak™ is issued by Gainbridge Life Insurance Company in Zionsville, Indiana. FastBreak™ is not a tax-deferred annuity; instead, it is taxed annually.
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