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Save like Ochocinco

According to Mike Olivia — a registered financial advisor with the NFL — the optimum savings rate is 20%. Still, most people struggle to save even 5% due to ongoing expenses like mortgages, insurance, and paying off loans.

One of the easiest ways to reap some major savings is by shopping around for better car insurance rates.

With BestMoney.com free online platform you can explore the best car insurance rates in your area by simply answering a few questions about yourself.

BestMoney.com does the taxing legwork of exploring insurance options for you by instantly sorting through trusted insurers and compiling a list of the best quotes available in your area within minutes.

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Put your money to work

How do rich people get rich — beyond inheriting money or landing a cash windfall like freshly-drafted NFL players?

“It's business ownership, it's having some interest in a business (whether it's your own or another) such as stock options, RSUs, or some other ownership of stock,” said Olivia, “Or it's likely to be real estate, or some passive income vehicle.”

While you may not consider yourself rich, it’s still worth accumulating assets (if you can) to help you reach your long-term financial ambitions.

First National Realty Partners lets accredited investors own a share of institutional-quality properties leased by national brands like Whole Foods, CVS, Kroger and Walmart — and collect stable grocery store-anchored incomeon a quarterly basis.

Play defense

With NFL stars, a career-ending injury is common, said Olivia, which is why he advises players to buy disability insurance.

“Their income, bonuses, performance-based compensation — all of those things can be insured, but a lot of these athletes don’t have the time [to think about personal risk management],” he said.

You can perform your own personal risk management amidst rising inflation by cushioning your finances with inflation-hedging assets, such as precious metals. Opening a Gold IRA with Goldco might be the place to start.

By opening a Gold IRA, you’re looking out for your future self and cushioning your retirement. Opting for a Gold IRA gives you the opportunity to diversify your portfolio and stabilize your finances.

Discover the power of FreeCash – your ticket to easy money

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Get advice from a coach

Spur-of-the-moment financial decisions driven by FOMO — fear of missing out — do not always end well.

Olivia said it’s better to take a step back and calculate the risks, perhaps with the help of a mentor or a financial professional.

WiserAdvisor’s free platform connects you with experienced financial advisors. It’s a great tool to use to get financial guidance that is suited to your unique needs.

Whether it be tips on safeguarding your savings, making the right investments or even spending your money strategically, WiserAdvisor’s vetted professionals have got you covered.

Just answer a few questions and within minutes WiserAdvisor will pair you with a list of financial advisors to choose from.


This 2 Minute Move Could Knock $500/Year off Your Car Insurance in 2024

Saving money on car insurance with BestMoney is a simple way to reduce your expenses. You’ll often get the same, or even better, insurance for less than what you’re paying right now.

There’s no reason not to at least try this free service. Check out BestMoney today, and take a turn in the right direction.

Moneywise Moneywise Editorial Team

The Moneywise Editorial Team is a group of passionate financial experts, seasoned journalists, and content creators who are deeply committed to providing unbiased, relevant, and accurate financial information. With years of combined industry experience, our team is dedicated to maintaining the highest journalistic standards and delivering informative and engaging content. From personal finance and investing to retirement planning and business finance, we cover a broad range of topics to suit the financial needs of our diverse readership. You can trust the Moneywise Editorial Team to empower you with the knowledge and tools necessary to make wise financial decisions.


The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.