Wall Street isn’t the only place to grow your money. While the stock market dominates financial discussions, there are plenty of lesser-known strategies to build wealth that don’t depend on insider knowledge.
By exploring these seven secrets, you can outsmart Wall Street and take control of your financial future.
1. Maximize High-Interest Savings Accounts
Traditional savings accounts offer low returns, but high-interest accounts can significantly boost your savings. Online banks and credit unions often provide competitive rates, with some accounts offering over 4% annual returns.
Shop for an account with no monthly fees and the highest possible rate. Automate your deposits to grow your savings without effort.
Pro Tip: Earn as much as possible on your emergency savings. For example, SoFi Checking is offering 4% interest, plus a potential $300 signup bonus. (May change without notice.)
2. Leverage Tax-Advantaged Accounts
