The 9 Biggest Money Secrets Most Rich People Won’t Tell You
The 9 Biggest Money Secrets Most Rich People Won’t Tell You
By The Penny Hoarder Staff Updated May 6, 2022
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 secret can get you closer to achieving your big goals.
Take a look:
1. You Can Invest in Fine Art (Even if You’re Not a Millionaire)
You might be thinking you need at least a few more zeros in your checking account before you can even start thinking about investing in art. Warhol? Monet? Banksy? Yeah right. You just managed to finally put away $1,000. Those guys are way out of your league, right?
Wrong. You could still get started with what you’ve got. Seriously.
A company called Masterworks is helping us average folk invest in multimillion-dollar paintings — traditionally one of the most lucrative investment options that’s only available to the super rich. But you don’t need hundreds of thousands of dollars to buy a masterpiece outright; with Masterworks, you can buy shares, instead.
Here’s why it’s a good option: Fine art is super valuable, so it can potentially earn you more money than the stock market. Over the long term, the stock market will earn you an average annual return of 7%, but Masterworks lets you invest in art that’s historically seen a 10% to 25% price appreciation.
This is a long-term strategy, so patience pays off here — literally. But once your piece of art sells, you get your cut of the profits.
It takes less than a minute to request an invitation, and you could become a Masterworks member by the end of the day.
2. You Can Get Free Stock From This Company
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