Seven Under-the-Radar Financial Hacks Everyone Should Know About:
Just before the Enron scandal broke, the company's CEO immediately put his money into annuities—in his wife's name. Why? Because those assets are creditor-protected, so they can't be seized (in this case, by the government). This is just one example of many illustrating how extremely wealthy people get the most from their money—and most of them do it legally. Much of their success comes from knowing where to find loopholes in the financial system. While we'd never recommend any illegal or dishonest money moves (seriously, don't break the law!), there are a handful of legal personal finance hacks that are available to all of us. More »
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