Is The Penny Hoarder a Scam? A Review From an Actual Member…

I get a feeling that this year holds great promise, and if there’s one thing we learned from the past one, then that would be the importance of proper money management. 

To help you get started, I wrote a complete review in which I will be answering the controversial question of whether the Penny Hoarder a scam or not.

If that sits well with you, stay tuned and read the rest of this post.

 

 

I have always believed that not all of us are born great in terms of money. 💯

I mean, when you think about it, some are very fortunate to grow in an environment where they are adequately trained on how to manage their finances at a young age, and therefore, build and handle profitable, long-lasting businesses down the line.  

After having said that, it somehow reminds me of Robert Kiyosaki’s saying that he learned that that people have two perceptions in life:

1. to land a job that pays well ✓
2. to achieve success by making money work for you ✓

 

Since you landed on this site, it seems to me that you’re finally conscious of the fact that you cannot be wealthy just by living from paycheck to paycheck.

To achieve financial freedom, at last, diagnosing your finances is one of the critical steps that you’ll have to take. After that, you can plot all the areas you need to focus on to retire at the soonest possible time.

For some, that means taking on extra duties while still working at their 9 to 5 job, while for others, it may mean jumping into various businesses to profit and ultimately create a source of passive income.

No matter what path you choose, I’m just here to remind you that you always need to be on the lookout for scams since they’re all over the internet and are constantly searching for new prey.

Now, suppose you have been spending time surfing the web for resources and articles related to investing, saving money, budgeting, and looking for side gigs.

In that case, I bet you have come across the ever-popular website that goes by the name The Penny Hoarder.

This American personal finance site offers content about the best ways to earn money and keep it safe.

Before creating this website you’re currently on (deefunnels.com), you could say I was spending too much time on that site because of its amazing, newbie-friendly, east-to-digest content. 👌

 

It integrates resources, actual news about the economy, 6 Penny Hoarder Academy courses, and to top it all off, constantly features real-life stories and successes, which to me, was a great deal back then.

At the same time, I have to assume that you and I are not the same, so that’s why it would be great if you allowed me to give you a full review on whether it’s worth your time or not before you check out the website and try out all the recommendations.

 

After all, it’s been years since I stopped using it. 🙂

As you might know, not all things age well with time, and before you know it, this site could now be wearing a mask and pretending to help you out, when in all truth, it’s making so much money out of its readers.

Before I continue with my review, I would just like to say that I am not in any way, shape, or form connected to this company, nor am I being paid to share my opinions in this post.

What you will read here is nothing more than my heartfelt opinion, so please don’t expect me to hype this company up in any way.

I believe you’re here looking for the truth, so that’s why I’ll serve it to you. If that is okay with you, then off we go.

 

What is The Penny Hoarder About?

Unlike previous generations before us, we are lucky to be born at a time where we can instantly make money online and connect with international clients in the wink of an eye. 

In this sense, many people are trying out various opportunities such as selling products and shipping worldwide, offering professional services in the form of freelancing, or creating new ways to earn online.

 

Today, there are tons of jobs that you didn’t know can pay well. 💰

Some of those include being hired as a bridesmaid, becoming a professional mermaid, earning on the side as a gamer, or even the silliest one of them all, becoming a professional back scratcher. 

 

All of those jobs are real, and they pay pretty well. 🙃

Now, suppose you’re interested in learning more about these new job markets and possible business adventures, then this is where Penny Hoarder takes center stage. 

You see, this website has been around since 2010 and has always been one of the go-to sites of many when it comes to finding all things related to financial growth.

Let me just clarify that it is not some kind of site where you need to become a member and pay a fee to join the discussion. Basically, it acts just like a regular website that produces articles about personal finance. 

They also have a unique community where you can sign up for free, ask questions, inspire others, share experiences, and provide tips about handling finances.

The overall site deals with the following topics:

1. How to make money 
2. Best books to read (the community has a special book club forum)
3. How to save money
4. Debt discussions
5. Banking questions
6. Taxes
7. Budgeting
8. Planning for retirement
9. Home buying
10. Insurance
11. Credit scores

 

The how to make money online topic deals with subjects such as the popular side gigs, job boards, quick money hacks, starting a business, work from home opportunities, and ideas relating to career growth. 

It has been raved by various media companies such as ABC News, News Channel 5, and CNBC. They have achieved awards such as the Best Entrepreneurial Company in America, Inc 500 recognition, Best Small-sized Company, and Fast 50 honoree to top it all off. 

In terms of social media presence, I am happy to report positive metrics with the company’s 6M followers on Facebook, 207k on Twitter, and 195k on Instagram.

For a website accessible free of charge, I have to say that many such followers are impressive, which shows that people are constantly going through this site because of its content. 

 

So, is the Penny Hoarder Legit? This is how I weigh in on this. 🙂

Once again, there is no fee for joining the website. I, for one, still have an active profile within the community from the olden days and have even used it before to ask a few questions here and there occasionally.

I was able to experience the supportive community where I got instant answers in just a few hours, and I highly support you in doing the same. 

Even with the constant distractions and all the social media accounts present nowadays, the community stays active, and you can get legitimate responses from like-minded individuals. 

I guess what I really like about it is that the replies are pretty straightforward, and are the messages aren’t populated with suspicious phishing links like the ones you find on Facebook. 

Also, the members seem to be very inspiring, and they even motivate you to read finance books so that you will learn how to manage your money efficiently. 

Not only that, but I also met a few people who were willing to send me their copies from the book club sessions. 

For the quality of their content, I must say that each article is well-written because it covers a vast number of exciting topics. 

For instance, they do not just settle with providing you information about the trending side hustles. Instead, they level it up by providing you with the newest ones out there and a ballpark figure of the earning potential. 

Other than that, they also recommend sites where you can sign up to earn money online! For some side gig suggestions, they also provide “pro-tips” of what you should do or avoid. 👍✅

 

I have nothing against the website since it shows genuine information and is very open to answering queries as they sometimes feature questions from the forum and answer them in a full-blown post. 

Their articles are comprehensive and are structured for easy understanding, making The Penny Hoarder a perfect website to visit whether you are a teen, young professional, or a pro in life.

Among their list of covered content, I have to say that my favorite is their make money tab. From there, you’ll have instant access to the latest jobs in the market and the possible salaries you should be expecting. 

Within the same tab, you’ll also find side gigs that can literally be done anytime or even permanently and tips on how to ace a job interview or boost your LinkedIn profile.

With this being said, I totally recommend it for fresh graduates as they seem to provide a lot of new info about overcoming fears and anxiety during the job hunt process. It’s like the site is such a hack on itself!

 

The Penny Hoarder: Ways to Make Money From Home

To see whether this platform is for you, let’s try analyzing one of the recent posts from the Penny Hoarder and see whether it’s written on an A-grade level or full of fluff.

According to this latest post on how to make money from home, there are 32 legitimate new ways on how you can add a few extra bucks into your pocket. 

Of course, the whole post is not asking you to drop your regular day job but mainly gives you an idea of the side hustles.

The article recommends actionable suggestions and gives realistic figures, giving you the most essential information: the recommendation, range of expected profits, and how to get started.

Once you are on the page, you will instantly see a disclosure saying that the links in the post are from sponsors. 

This suggests that this article may contain links that redirect you to the websites of some of their trusted program partners. 

Upon checking their page on editorial integrity, they specifically tell us that all their partners are filtered thoroughly to ensure legitimacy.

Through this, even if you sign up with any of their partners, you can be sure as hell that they are legitimate. 

However, upon checking these links, I realized that it seems that they aren’t simply redirecting links but affiliate ones. 

 

15 out of the 31, to be exact. 

This means that aside from the advertisements and email marketing, they earn commissions every time you sign up with them.

 

And this made me wonder, how much exactly are they earning? 🤔

Well, The Penny Hoarder was sold for a whopping 102.5 Million dollars last December and was acquired by Sykes Enterprises! 

It was sold with an all-cash purchase consideration at such a hefty price because of its fantastic traffic, perfect for placing advertisements.

Above all this, their articles also consistently add internal links to their contents, usually redirecting you to another article with even more affiliate links. 

I am not trying to bash them or anything; it’s just, I want to let you know that they are making a whole lot of money just by doing this. 📈💸

 

I mean, come to think of it, the site itself is not revolutionary, nor does it offer innovative designs. 

What makes it highly respected is that it offers good content, direct links to the sites and apps they are promoting (affiliate links), and the fact that they aren’t constantly introducing ads. 

Who would have thought this website would be worth a million dollars in just ten years, right? I don’t know about you, but an idea just struck me.

 

Is The Penny Hoarder A Scam?

The Penny Hoarder is not a scam, and it has a considerable number of followers worldwide due to its evergreen content and active community.

While they do not ask you to pay for anything, the fact that you are visiting their site and signing up with all the links that are sprinkled on there, it seems that they are already getting the best value for money.

 

I have nothing against their content. 😊

Upon checking some of their affiliate links from this year alone, I can see that they only promote legitimate companies such as Stash, InboxDollars, Bookkeepers, and LifePoints. 

Given their unique business model, affiliate marketers should really look up to this website and aspire to become the next million-dollar site. 

As my Penny Hoarder review is coming to an end, I would like to share the exact step-by-step process of how you, too, can create a profitable online business like the one we discussed today. 

I can introduce you to the same method of how I make a living online and help you get the best life out there without ever investing a vast amount! 

 

How I Make A Living Online

Just like many others, I suppose you even, I have always thought that the end goal in life is to finish university and land a job that pays well.

 

And that’s exactly what I did.

I spent countless hours making sure that my resume stood out, applied for tons of “dream” jobs, and even managed to land a few of them, which ultimately led me to join a prominent company with the hopes of one day getting promoted and making it big.

 

Later on, I realized that wasn’t the case. 😕

You could say it struck me all of a sudden when I became aware that there’s still so much more to life and that I would keep missing out on it if I stayed trapped within the four corners of my office.

I honestly felt as if I was drowning and nearly forgot to remember that we shouldn’t take life so seriously and that university is a means to an end, not an end itself.

Soon after that, I handed my resignation and decided to look for an opportunity that would allow me to finance my life and live quietly somewhere in the corner of nature while enjoying simple pleasures in life.

Unlike traditional ways of earning online, like selling on Amazon and eBay, I wanted a type of business that would allow me to profit without dealing with any inventory requirements or logistics.

At that point, I had no idea what passive income was, nor had I heard of it. All I knew was that I could make a living online since I knew someone in university who was doing it.

Long story short, I ended up spending thousands of dollars on shitty courses until I finally discovered a community that would help me transform my ideas into profits and, in due time, change my life for the better.

It’s undoubtedly one of the most supportive communities I’ve come upon, and it represents an educational, innovative, industry-propelling platform that goes by the name of Wealthy Affiliate. ⭐

 

If I had not bumped into them, there’s no doubt in my mind that I wouldn’t be where I am today, nor would I know to get you on this page and have you read my Penny Hoarder review.

With all the advanced tools, live classes, mentorship, live chat, and support available at Wealthy Affiliate, I can say with absolute certainty that it’s by far one of the best training platforms for building a successful online business, hands down.

I have no hesitation in saying that finding this platform was a life-changing experience, and I’ll tell you why.

The platform is rarely one of the few that shines with such transparency by letting its users know that building a profitable, long-term online business takes time and a lot of elbow grease.

They taught me everything I know, and to make things easier for yourself, I’ve created this money guide so that you too can thoroughly understand the entire process of how I make a living online.

My how-to book is relatively short, well-written, and it shouldn’t take you more than 6 to 7 minutes to finish it, even if you’re a slow reader like me.

Inside, I’ve outlined everything you’ve always wanted to know about making money online, including the reasons that got me into this, the challenges I faced along the way, and I even reveal what I believe is the best way to get started online with less than two bucks a day.

Just to give you a sneak peek, the business model that I’ll be discussing is called affiliate marketing (the one I talked about earlier) and is, by long chalks, one of the best ways to get started online.

If you didn’t know, it’s a very straightforward type of business where you get paid to promote and sell other people’s products and services.

I’ve tried several business models in the past, and I feel comfortable saying that none of them function as well as affiliate marketing does.

I love being an affiliate because my sole focus is to connect the product with the customer without worrying about selling, closing, fulfilling, creating, and maintaining orders.

 

You don’t stress about creating a product. 😌

The ideal product already exists, and it’s just your job to match it with the perfect customer. As simple as that.

There are so many different ways you can do affiliate marketing, but the way I like to do it is by using free traffic, as discussed in my money guide.

I highly suggest you read it, and I think it’s about time we call it a day since I don’t want to bother you too much because I’m pretty sure you have other things to do as well.

It’s about time I end this article, so hopefully, my Penny Hoarder review was detailed enough, and you enjoyed reading it to the very last bit.

If you did, I would highly appreciate it if you could show me some love by sharing it on some of your social platforms and letting others know about my story and how it can make a difference in their lives.

Lastly, if you happen to have any questions or simply want to get in touch with me, feel free to leave a comment down below, and as always, I promise to give my best to reply to it promptly. 👋