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4 Strategies the 1% Use to Deal With Inflation

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Last updated Aug. 31, 2023 | By FinanceBuzz Editors
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The struggle to keep up with rising living costs is real — especially with the near-historic inflation rates we see today. Now more than ever, it’s important to have a plan in place to combat these soaring costs.

So what does the 1% do to outpace inflation — and keep growing their wealth? Here are four strategies inspired by the ultra-wealthy you could use for your money. And you don’t need millions of dollars to start.

Prepare for market volatility by diversifying in gold

Stock market volatility can be financially damaging, especially as you near retirement. You could move your investments into a savings account, but have you seen interest rates lately? Another option to consider — diversify with gold.

Gold values are inversely correlated with the stock market and the dollar. When one goes down, the other usually goes up. If you want to protect your retirement funds, having diversified investments may be able to help you weather market swings.

Gold Alliance is a reputable precious metals dealer that specializes in precious metals IRAs. They make it simple to transfer funds from your current retirement account (like a 401(k) or IRA) into a precious metal IRA — with no taxes or penalties.

Gold Alliance offers a free gold information kit to help you learn more about why gold and silver could be a smart choice for diversifying your portfolio, and how the process works. 

Get your free guide now

Pay no interest on qualifying balance transfers until February 2025

Imagine getting 0% interest for 15 months from account opening on qualifying balance transfers. Sounds great — right? You could dramatically change your financial picture with this industry-leading low-interest card - the Wells Fargo Active Cash® Card(Rates and fees).

If you want to kick high-interest credit card debt to the curb, this is one of the leading get-out-of-debt cards available. Transfer your high interest debt to this card with a 0% intro APR for 15 months from account opening on qualifying balance transfers. Your payments can go directly to paying down your qualifying balance without incurring a pile of additional charges. That could save you hundreds of dollars in interest!

It doesn't just stop with balance transfers though. Cardholders also get a generous intro APR of 0% for 15 months from account opening on purchases. After the intro period for purchases and qualifying balance transfers, the APR is 20.24%, 25.24%, or 29.99% Variable.

The best part? There's no annual fee.

You’ll need good or excellent credit (typically 670 or higher) to qualify.

Click here to Apply Now.

Cancel your car insurance

We've got bad news. You could be wasting $500 every year on overpriced, second-rate car insurance. And you should probably cancel your existing insurance right now, because there's something much better.

This new tool from FinanceBuzz can tell you if you're overpaying for your car insurance in just a few clicks. We match drivers with companies that report saving drivers up to $500 or more per year when they save! Each driver’s savings will vary by driving history and how many discounts you’re eligible for. And once you try it out, you'll never have to look for affordable insurance again because we find you the lowest rates that other companies can't match.

Oh, and it's also free. And come on — you can't tell us you don't want to save up to $500. To find out if you're losing up to $500 or more a year, just enter your zip code here, answer a few questions and see if you're overpaying. It takes less than 2 minutes.

See if you're overpaying

Gold Allied Trust Benefits

  • Free investor guide
  • Reputable dealer specializing in precious metal IRAs
  • Transfer funds from your 401(k) or IRA without taxes or penalties
  • Learn from the industry leader

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