Ever wonder how rich people keep getting richer? It’s not just about having money—it’s about knowing how to use it wisely. The good news? You don’t need millions to take advantage of these strategies.
Here are 10 money hacks the wealthy use that actually work for anyone.
1. Get the Best Price on Everything You Buy
Rich people don’t just accept the first price they see—why should you? Instead of wasting hours hunting for deals, let a free browser extension do it for you. Tools like Capital One Shopping automatically compare prices and apply coupon codes when you shop online, saving you money effortlessly.
2. Use Your Home’s Equity Instead of High-Interest Loans
Need cash? Don’t fall for high-interest payday loans. Wealthy homeowners use HELOCs (Home Equity Lines of Credit) to borrow against their home at lower interest rates. If you don’t want a loan, services like Hometap let you cash out home equity without taking on debt.
3. Change Auto Insurance Every 6-12 Months
Loyalty does not pay when it comes to car insurance. Rich people know to shop around every six months for better rates. Comparison sites like Coverage.com make it easy to switch and can save you hundreds per year—just for five minutes of effort.
4. Get a Financial Advisor (Even If You’re Not a Millionaire)
Most people assume financial advisors are only for the ultra-rich. Not true. If you have $100k+ in net worth, an advisor can boost your annual returns by 3% on average. Platforms like Datalign can connect you with vetted advisors in your area.
5. Don’t Pay Off Debt Alone—Get Help
If you have $10,000+ in debt, you don’t have to tackle it solo. Debt relief companies negotiate with creditors on your behalf, often reducing what you owe by an average of 23%. Just make sure to research reputable companies before signing up.
6. Save Big on Home Insurance
Wealthy homeowners don’t just accept renewal rates—they shop around. Many people save $1,000+ a year just by switching providers. If it’s been a while since you compared rates, now’s the time to check.
7. Leverage Credit Cards Like a Pro
Rich people don’t just swipe and pay—they maximize credit card rewards. Travel points, cash back, and purchase protection can add thousands of dollars in value each year. The key? Use cards that fit your spending habits and pay them off in full every month.
8. Invest Like the Wealthy—Without the High Costs
High-net-worth individuals invest in diverse portfolios, and you can too—without a financial advisor. Low-cost index funds (like those from Vanguard) let you invest like the rich, with way lower fees. It’s a simple, hands-off way to grow your money.
9. Get a “House Hack” to Cover Your Mortgage
Want to lower (or eliminate) your biggest expense? Many wealthy people house hack by renting out part of their home. Whether it’s an Airbnb, a basement unit, or a roommate, this strategy can cover a big chunk of your mortgage.
Read More: Clever Life Hacks to Save Money
10. Pay Less for Travel Like a VIP
The rich don’t always pay full price for flights and hotels, and neither should you. Google Flights, Skyscanner, and Scott’s Cheap Flights help you find crazy deals. Pair them with credit card rewards for even more savings.
Read More: 10 Reasons You Need a Financial Advisor
Start Thinking Like the Wealthy
You don’t need millions to use smart money moves. With the right strategies, you can save more, spend smarter, and build real wealth over time. Try a few of these hacks and watch your money go further!
Read More: 20 Signs You’ll Be a Millionaire One Day