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💰️ The Key To Getting Rich: Driving an Old Car?

We all want financial security.

Among a group of “super savers” surveyed, a remarkable 98% of them feel their savings habits have created financial security in their lives.

The Principal Financial Group report defined “super saver” as putting $17,100+ into a 401(k) account in 2019 or deferring at least 15% of their salary into a tax-protected retirement account.

What specific actions have they taken to enable all that savings, and the financial security that comes with it?

“The No. 1 trait of someone who lives on less than what they make is they don’t give in to new car smell,” Clark says.

Here are the five most common answers from the report:

  • Driving older vehicles: 48%

  • Owning a more modest home than they can afford: 42%

  • Not traveling as much as they prefer: 39%

  • No housecleaner: 39%

  • DIY projects instead of hiring help: 38%

💵 Today’s Top Stories
Appliances

Whirlpool and Haier made huge jumps in customer satisfaction. Did they catch the brand that ranked “best in class” last year? And which brands are best for each appliance category? Read more.

Scam alert

If you don’t want to get conned out of your hard-earned money, find out the most common scams and what you can do to prevent these schemes from taking advantage of you. Read more.

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Bank accounts

A Clark listener holds cash in four separate accounts with three financial institutions. Should he and his wife simplify? Clark explains why that’s probably a great number. Read more.

Timeshare

Don’t ever buy a timeshare, Clark says. Too late? There’s a way to escape. Here are three options to pursue. Read more.

📊 Stat of the Day

🔥 2.69 million: Number of Scoville Heat Units in the new Pepper X, a world record for the hottest pepper. Grown by Ed Currie in South Carolina, the most famous hot pepper grower in the United States (and creator of the Carolina Reaper), it’s hotter than police pepper spray (1.6 million) and bear spray (2.2 million). So far, only five people have eaten an entire Pepper X.

💰️ Deal Alert: Today’s Top Deals
Insignia TV deal
Amazon batteries
🎙️ Podcast

Christa reads the latest "Clark Stinks!" submissions and Clark responds. Also, do you know what else stinks? Buy now pay later services. These “pay-in-four” options can be a disaster for your wallet.

☎️ Need Money Help?

The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information.

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