As a high earner, one of your biggest goals is to stay ahead financially. The problem is that a higher net worth often comes alongside more financial complexity.
A traditional budgeting app is all well and good, but what you really need are financial tools and services that help you maintain your high-earning edge over time. Your goal is financial freedom without the overwhelming nature of juggling multiple assets and income streams.
That’s where these 5 financial tools come in. These are fantastic for high earners; some will help you to secure loans, whereas others will help you make more diverse investments.
1. Achieve
Achieve is a financial service that offers loans and debt management services. High earners in particular find the Home Equity Line of Credit (HELOC) loans valuable, as these allow you to borrow a large amount against the home’s equity.
This is useful for anyone who needs a large amount of cash quickly, with loans ranging from $15k to $150k. The expert consultants working at Achieve will create a tailored HELOC plan that shows you your loan amount, monthly repayments, and overall term length.
Using a blend of human expertise and AI-powered tools, Achieve is all about putting you in financial control and simplifying the repayment process.
Standout features:
- Fixed interest rates
- Access to liquid funds quickly
- Ability to use HELOC to pay debt creditors directly
- High borrowing limits
- Extended terms, up to 30 years
2. LightStream
LightStream, an online lender run by Truist, is a lending company specifically for the more affluent. To use LightStream’s service, you must have a very strong financial profile and a good or excellent credit score (above 700).
What makes LightStream beneficial for high earners is its on-demand liquidity. The chances are you have a lot of your wealth tied up in assets like real estate or private equity. With LightStream, you can borrow a significant amount of money unsecured, turning your assets into liquid wealth. You can then use this money for big projects or purchases, such as installing a pool in your property, buying a boat, or renovating your kitchen.
As LightStream is specifically for individuals with top-tier credit ratings, its interest rates are rarely beaten, so your repayments will be lower overall than if you went elsewhere. They even have a Rate Beat Program that states that if another lender beats LightStream’s interest rates, they will offer an even lower rate.
Standout features:
- Same-day funding
- No collateral requirements
3. Upgrade
For responsible lending, Upgrade is an undeniable standout. The Upgrade credit card is built for lenders who want more discipline in paying back balances, as it offers fixed-rate instalment repayments alongside flexible spending.
Plus, for high earners, Upgrade also offers a high-yield performance savings account with rates that compete with (and even beat) those of traditional big banks in the United States. With their premier savings account, you can gain access to 3.05% APY and zero monthly maintenance fees.
Standout features:
- Fixed-rate instalment loans
- Rewards for paying the money back
- High-yield savings accounts
4. Prosper
For high earners who need access to liquid cash, Prosper offers a variety of options. Prosper focuses on providing a fast application process, particularly for their personal loans, which allow you to borrow up to $50k.
As a high earner, you might also be interested in their investing services. The service involves investing in loans, and you can even invest automatically and earn interest over time with minimal interaction. The process is simple, and you can start by investing as little as $25.
Having been in the personal loan business since 2005, Prosper is a service you can genuinely trust, and it has already helped thousands of individuals access funds when they need them, including those in higher tax brackets.
Standout features:
- A diverse portfolio service
- A versatile credit card
- A pre-qualification application with a soft credit pull
- Fixed rates for personal loans
- No repayment penalties
5. OneMain Financial
If you have a lot of wealth tied up in assets but a less-than-perfect credit rating, OneMain Financial is a good option for lending. This service offers easy, fast loans of up to $30,000 that you can use to meet your goals, whether that’s consolidating debt or paying for a large home renovation.
What sets OneMain Financial apart from the lending crowd is its genuine human touch. Not only do they have over 1,000 physical branches in the United States that you can visit in person, but they also have human experts online to assist you when you need them.
Standout features:
- Quick access to capital
- Secured loans for higher amounts
- In-person interactions at physical branches
Which of the 5 financial tools is best?
All of the financial tools for high earners have something unique and useful to offer. To help you decide, here’s a quick comparison.
| Audience | Standout Benefit | Credit Rating Needed | |
| Achieve | Households with a lot of debt. | Incredible negotiation with creditors. | No minimum score. |
| LightStream | High earners with stable financial histories. | A Rate Beat Program that guarantees low interest rates. | Good to excellent. |
| Upgrade | People who want structured installment plans. | The Upgrade Card, which blends credit card flexibility with structured repayments. | Fair+ |
| Prosper | Individuals who want access to investment opportunities. | A large variety of financial products is available. | Fair+ |
| OneMain Financial | Those who want personal, face-to-face interactions. | After approval, funds can be in your account within an hour. | Poor to Fair+ |
