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UNCATEGORIZED <
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10 Lessons to Take From

Millionaires Who Are Really Good
With Money
By The Penny Hoarder Staff <
https://partners.thepennyhoarder.com/author/the-
penny-hoarder/>
July 21, 2020 < https://partners.thepennyhoarder.com/10-

lessons-to-take-from-millionaires-who-are-really-good-
with-money-2/>
Some of the links in this post are from our sponsors. We’re
letting you know because it’s what Honest Abe would do. After
all, he is on our favorite coin.
Life would be a whole lot easier if someone

would just Venmo us $1 million, but
unfortunately the chance of that happening is,
well, probably zero. (Venmo doesn’t allow
transactions that large anyway.)
But even though our chances of becoming a
millionaire are slim, we can still manage our
money like one. No, we’re not going to tell you
how to buy hundreds of shares of Apple stock.
Or how to pick out the perfect yacht.
These are simple money moves any normal,

non-millionaire person can make today. Each tip
can get you closer to achieving your big goals.
Take a look:
1. Take Money Out of Your Checking Account

Here’s the deal: If you’re not using Aspiration’s
debit card, you’re missing out on extra cash.
And who doesn’t want extra cash?
Yep. A debit card called Aspiration <

http://t.thepennyhoarder.com/aff_c?
offer_id=6427&aff_id=114&aff_sub3=lessons_f
rom_millionaires&source=10_lessons_to_take
_from_millionaires_who_are_really_good_wit
h_money_2> gives you up to a 10% back every
time you swipe. How much does your current
bank offer you?
Need to buy groceries? Extra cash.

Need to fill up the tank? Bam. Even more extra
cash.
You were going to buy these things anyway —

why not get this extra money in the process? Do
yourself a favor and deposit $100 into an
Aspiration account today so you can start
taking advantage.
To get started, enter your email address here <

h_money_2> , and link your bank account to see
how much extra cash you can get with your
free Aspiration account. And don’t worry. Your
money is FDIC insured and under a military-
grade encryption. That’s nerd talk for “this is
totally safe.”
2. Leave Your Family up to $1M

Oh, to be a millionaire. Look, not all of us have
the money to set up trust funds for our loved
ones. But you could still leave them up to a $1
million in life insurance — and you don’t even
need to have the money in the bank.
You’re probably thinking: I don’t have the time
or money for that. But this take minutes — and
you could leave your family up to $1 million
with a company called Bestow <
https://t.thepennyhoarder.com/aff_c?
rom_millionaires&url_id=218&source=10_less
ons_to_take_from_millionaires_who_are_real
ly_good_with_money_2> .
We hear people are paying as little as $8 a

month. (But every year you wait, this gets more
expensive.)
It takes just minutes to get a free quote <

rom_millionaires&url_id=218&source=10_less
ons_to_take_from_millionaires_who_are_real
ly_good_with_money_2> and see how much
life insurance you can leave your loved ones —
even if you don’t have seven figures in your
bank account.
3. They Don’t Waste Hundreds on Homeowner’s

Insurance
Getty Images
You’re probably wasting money right now. And
it’s probably on something you’d never expect
— your homeowners insurance policy.
This isn’t something you actively think about —

you just know you’re required to have it.
The problem is, you’re paying too much. Luckily,

an insurance company called PolicyGenius <
h_money_2> makes it easy to find out how
much you’re overpaying.
Policygenius’ policies start at just $25/month.

And just because you’re saving money doesn’t
mean you’re skimping on coverage.
Policygenius will make sure you have what you
need.
Just answer a few questions <

h_money_2> about your home to get started.
4. They Cancel Their Car Insurance

How often are you even using your car right
now? Regardless, there’s one thing we’re nearly
certain of — you’re overpaying on car
insurance.
That being said, shopping for car insurance is a

pain which is why we like using a free service
like Gabi. <
h_money_2> In just a few minutes you can see
if any other companies are offering a cheaper
rate with the same coverage and deductibles
you already have.
Take Lourdes Robles-Velazquez, for example.

The single mom lives on a tight budget. She was
paying $205 a month to insure two Toyota
Priuses — hers and her daughter’s. By
comparing prices, she knocked $80 off her
monthly car insurance bill. That’s nearly $1,000
in savings per year.
Wondering how much you could save? Head

over to Gabi <
h_money_2> , and start browsing your options.
It takes all of two minutes.
5. Use up Your Entire Paycheck

No, we’re not talking about going to Whole
Foods and buying out its fancy cheese supply
(though that’s the first thing we’d do if we had
$1 million). Instead, we’re talking about creating
a zero-based budget, a budget that finds a place
for your every dollar.
You’ll want to start by tracking a month of

expenses. How much do you (or don’t you) have
remaining? Then, consider your financial goals.
Do you want to save money? Invest money? Pay
off debt?
Work backward to cut your expenses until you

can achieve that goal. It might take some
patience, but it’ll pay off.
6. Spend $5 to Own a Piece of Amazon, Google

or Other Companies
Take a look at the Forbes Richest People list, and
you’ll notice almost all the billionaires have one
thing in common — they own another company.
But if you work for a living and don’t happen to

have millions of dollars lying around, that can
sound totally out of reach.
That’s why a lot of people use the app S <

http://t.thepennyhoarder.com/aff_ad?
campaign_id=122&aff_id=4&aff_sub3=lessons
_from_millionaires> t <
campaign_id=122&aff_id=4&aff_sub3=lessons
_from_millionaires&source=lessons_from_mi
llionaires> ash <
campaign_id=122&aff_id=114&aff_sub3=lesso
ns_from_millionaires&source=10_lessons_to_
take_from_millionaires_who_are_really_good
_with_money_2> . It lets you be a part of
something that’s normally exclusive to the
richest of the rich — buying pieces of other
companies for as little as $1.
That’s right — you can invest in pieces of well-

known companies, such as Amazon, Google or
Apple, for as little as $1.
The best part? When these companies profit, so

can you. Some companies even send you a check
every quarter for your share of the profits,
called dividends. It takes two minutes to sign up
< http://t.thepennyhoarder.com/aff_ad?
campaign_id=122&aff_id=114&aff_sub3=lesso
ns_from_millionaires&source=10_lessons_to_
take_from_millionaires_who_are_really_good
_with_money_2> , plus Stash will give you a $5
sign-up bonus once you deposit $5 into your
investment account.
7. Get Rid of up to $100K in Credit Card Debt

If you have credit card debt, you know. The
anxiety, the interest rates, the fear you’re never
going to escape…
Your credit card is getting rich by ripping you

off with insane rates, but a website called Fiona
< https://t.thepennyhoarder.com/aff_c?
h_money_2> could help you pay them off
tomorrow (up to $100K).
Here’s how it works: Fiona will match you with

a low-interest loan you can use to pay off every
credit card balance you have. The benefit?
You’re left with just one bill to pay every month,
and because the interest rate is so much lower,
you can get out of debt so much faster. Plus, no
credit card payment this month.
Fiona won’t make you stand in line or call a

bank. And if you’re worried you won’t qualify,
it’s free to check online <
h_money_2> .
It takes just two minutes, and it could save you

thousands of dollars. Totally worth it.
8. Add $225 to Your Bank Account Every Month

Here’s the thing about millionaires: they never
pass up an extra paycheck.
What if we told you a research company would

pay you to watch videos on your phone?
It’s too good to be true, right?
But we’re serious. InboxDollars <

h_money_2> will pay you to watch short video
clips online. One minute you might watch
someone bake brownies and the next you might
get the latest updates on Kardashian drama.
All you have to do is choose which videos you

want to watch and answer a few quick
questions about them afterward.
InboxDollars won’t make you rich, but it’s

possible to earn up to $225 per month watching
these videos. That’s money you can store in your
savings account or start investing.
It’s already paid its users more than $56

million.It takes about one minute to sign up, and
you’ll immediately get a $5 bonus <
h_money_2> to get you started.
9. Invest in Real Estate (Even if You’re Not a

Millionaire)
The stock market can be a scary place. Stock
prices shoot up and down like a roller coaster
ride, and who knows when the whole thing
might crash?
It would be nice to diversify and invest some of
your money in real estate, but don’t you have to
be wealthy to do that?
Now you can invest like the 1% does, and all you
need to get started is $500. A company called
DiversyFund <
h_money_2> will invest your money in
commercial real estate — specifically, in
apartment complexes that it owns — and you
only need $500.
Real estate can potentially earn you more

money than the stock market. Over the long
term, investing in the stock market will earn you
an average annual return of 7%, adjusted for
inflation, according to a number of studies.
DiversyFund can’t guarantee how its
investments will perform in the future — no one
can — but historically, it has earned an annual
return of 17% to 18%.So you don’t need a
fortune to invest in real estate. All you need to
get started <
h_money_2> is $500.
10. Grow Your Wealth By Learning From Others
One of the best ways to get your money in

order? Learning from others! These could be the
millionaires themselves, personal finance
experts or real-life people who’ve had success.
Search the internet for blogs and websites, listen
to podcasts and read books.
Here are a few of our favorite resources (ahem,
besides ourselves):
“How to Money” podcast
“The Total Money Makeover” by Dave Ramsey
“The Side Hustle Show” podcast
“Rich Dad, Poor Dad” by Robert Kiyosaki
“The Money Nerds” podcast
“The Richest Man in Babylon” by George Samuel

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Here's How to Add 284

Points to Your Credit
Score -- For Free
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6 Things to Do With Your

Money Once Your Salary
Reaches $70,000
<
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yhoarder.com/save-
money/get-past-
overdrafting/?
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From Millionaires https://partners.thepennyhoa
Who Are Really rder.com/9-lessons-to-take-
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→ 7 Money Secrets <
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UNCATEGORIZED <

10 Lessons to Take From

July 21, 2020 < https://partners.thepennyhoarder.com/10-

Life would be a whole lot easier if someone

These are simple money moves any normal,

1. Take Money Out of Your Checking Account

Yep. A debit card called Aspiration <

Need to buy groceries? Extra cash.

You were going to buy these things anyway —

To get started, enter your email address here <

2. Leave Your Family up to $1M

We hear people are paying as little as $8 a

It takes just minutes to get a free quote <

3. They Don’t Waste Hundreds on Homeowner’s

This isn’t something you actively think about —

The problem is, you’re paying too much. Luckily,

Policygenius’ policies start at just $25/month.

Just answer a few questions <

4. They Cancel Their Car Insurance

That being said, shopping for car insurance is a

Take Lourdes Robles-Velazquez, for example.

Wondering how much you could save? Head

5. Use up Your Entire Paycheck

You’ll want to start by tracking a month of

Work backward to cut your expenses until you

6. Spend $5 to Own a Piece of Amazon, Google

But if you work for a living and don’t happen to

That’s why a lot of people use the app S <

That’s right — you can invest in pieces of well-

The best part? When these companies proﬁt, so

7. Get Rid of up to $100K in Credit Card Debt

Your credit card is getting rich by ripping you

Here’s how it works: Fiona will match you with

Fiona won’t make you stand in line or call a

It takes just two minutes, and it could save you

8. Add $225 to Your Bank Account Every Month

What if we told you a research company would

It’s too good to be true, right?

But we’re serious. InboxDollars <

All you have to do is choose which videos you

InboxDollars won’t make you rich, but it’s

It’s already paid its users more than $56

9. Invest in Real Estate (Even if You’re Not a

Real estate can potentially earn you more

10. Grow Your Wealth By Learning From Others

One of the best ways to get your money in

“How to Money” podcast

“The Total Money Makeover” by Dave Ramsey

“The Side Hustle Show” podcast

“Rich Dad, Poor Dad” by Robert Kiyosaki

“The Money Nerds” podcast

“The Richest Man in Babylon” by George Samuel

Here's How to Add 284

6 Things to Do With Your

© 2020 The Penny Hoarder < Up

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