Ever wonder how rich people get ahead? Don’t know why they’re able to stay there? Do you want to be one of them?

Never fear! Club Thrifty is here with some simple money hacks you can use to start building wealth now. Enjoy!

#1) Protect Your Credit

Credit scores are used for more than loan applications and credit cards. Your credit score could affect your insurance rates, your living situation, and even your employment opportunities. Of course, protecting your credit is a lot easier than fixing it. I use CreditSesame to get free my free monthly credit score. They also send me alerts when new accounts are opened or my score changes, helping protect me from identity theft.

#2) Create Multiple Streams of Income

This may be the biggest secret to building wealth: Instead of relying on just one paycheck, rich people are great at creating multiple streams of income. This helps them make more money, AND it protects their income in case one stream dries up. Of course, you don’t have to be rich to do this. Everybody should try to earn money on the side – the more passive, the better. Here are a few ideas to get you started:

  • Survey Junkie – Taking surveys is never going to make you rich. Still, it takes almost no effort, you can make a few hundred dollars a month, plus it builds the “side hustle” mentality. Follow the link to start earning cash with Survey Junkie now.
  • Drive for Lyft – Make money in your spare time driving your car for Lyft. In just a few hours a week, you could easily earn an extra $400 a month. For a limited time, new drivers get a $250 bonus when they apply through the link above.
  • Open an Investment Account – To build wealth, you need to put your money where it has a chance to grow. Ally Invest (formerly TradeKing) is a great place to do it. At just $4.95 per trade, the fees are super cheap, so you’re not wasting all your gains on the bank.

#3) Protect Your Assets

When you’ve worked hard to build wealth, the last thing you want is to lose it all. That’s why it’s important to protect your assets with the right insurance policies. Term life insurance is extremely cheap and will protect your family during your most important earning years. We recently shopped around and added an additional $750K in coverage for under $30 a month! That’s insanely cheap for a ton of financial security. Compare life insurance quotes for free here. (It takes less than 5 minutes!)

#4) Be Proactive

Dealing with debt isn’t a “set it and forget it” game, especially when it comes to student loans. You have to be proactive to get ahead. This free student loan refinancing tool helps you compare rates from up to 5 lenders at once. In about 90 seconds, you’ll find the best rates, get pre-qualified, and start saving. With this tool, average users save over $13,984* over the life of their loan!!! (*Current as of June 2017) You can also reduce your monthly payment, which is real money back in your pocket. I know you like that!

#5) Eliminate High-Interest Debt

Speaking of debt, all of those credit card balances are killing your ability to get ahead. High-interest debt keeps you paying far more than you ever intended, stealing the chance to use your money on the things you really want. Try refinancing your credit card debt to a personal loan with a lower rate. SoFi offers fixed rates as low as 5.49% APR*, helping you to save money and pay off debt fast. If your interest rate is 10% or higher, you may be able to lower your payment, save on interest, or both.

#6) Avoid High Investment Fees

You may already be saving for retirement, but do you know how much you’re paying in fees? A 3% management fee could mean you’re losing out on over half the growth of your retirement funds! That’s HUGE and could be costing you hundreds of thousands of dollars in lost savings! Seriously, if that doesn’t get you motivated, I don’t know what will. Avoid big investment fees and find ways to reduce them wherever they can.

Free Retirement Calculator: Keep an eye on your retirement goals with Personal Capital’s FREE retirement calculator. These free money tools also help you track your net worth, monitor your cash flow, and analyze your investment fees… all for FREE. Read our complete review here, or get started using this link.

#7) Diversify Your Investments

Savvy investors can potentially diversify within the stock market AND outside of it. For this purpose, we love owning real estate. Even if dealing with tenants or getting another mortgage sounds like torture, you can still potentially take advantage of real estate investing. With investments as small as $5,000, a company like RealtyShares helps you gain access to real estate investing without the possible baggage that comes with it. As with any investment, there are risks to investing through RealtyShares; be sure to read the full offering materials.

#8) Live Below Your Means

This may shock you, but the average rich person isn’t all that flashy. Instead of driving fancy cars and sporting baller diamonds, most rich people look like the person next door. They understand the value of money, and they always make sure to save on things that don’t matter so they can spend on the things that do. Above all, they realize that by living below their means, they’ll always have plenty of money when they need it.

Ever wonder how rich people get ahead? Feel like you're missing something? Here are 10 simple money hacks rich people use to build and keep wealth!#9) Have a Money Plan

I know, I know – you hate the dreaded “B” word, right? Well that may be because you don’t really understand what it means. Being on a budget doesn’t force you to stop spending. A budget is simply a plan for the money you make. Instead of shooting from the hip, budgets help you understand how much you make compared to what you spend. By creating a monthly action plan for your money, you provide each dollar with a purpose. This reduces waste, increases savings, and allows you to get ahead quicker.

#10) Know What You’re Spending

After creating a plan, it makes sense to analyze whether or not it’s working. When it comes to budgeting, this happens by tracking your expenses. By taking an active role in your personal finances, you’ll know how much money is coming in and going out during the month. Tracking your spending is key to ensuring that you’re following your monthly plan and not overspending. You can do this with something as simple as a pencil and paper. Or, try using an app like this one that helps you automate both.

#11) Don’t Use Your House as a Bank

Look, I know it’s tempting to pull the equity out of your house. There are so many things you could use it for, like a new kitchen or windows, right? Here’s a tip: Don’t do it. You’ve worked your tail off to build up your equity. You’ve probably paid interest on that money already. Why, why, WHY would you want to do it again?!? Your house is not a bank. Don’t use it like one. Save up the money and pay cash instead.

What do you think? What other money hacks have I missed? Make your voice heard in the comments below!

*SoFi disclaimer