Financial Influencer Haley Sacks: Try This Investment Strategy Used by Rich People
Financial Influencer Haley Sacks: Try This Investment Strategy Used by Rich People
Travis WoodsMon, April 27, 2026 at 12:00 PM UTC
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Investments can always be something of a gamble. If you ask five different people for advice on the matter, you're like to get five very different, and contradictory, pieces of advice. Still, some advice may better suit your finances that others.
One such piece of advice comes from Haley Sacks, a financial influencer. In a video posted to her Instagram, Sacks explained an investment strategy that she claims the wealthy often take advantage of to become even wealthier, as it has "more tax advantages than Roth individual retirement accounts (IRAs) and 401(k)s."
Keep reading to see how this investing strategy could work for you.
Check Out: Money Expert's Guide for Beginners on How To Invest $1,000 in 2026
Read More: Start Growing Your Net Worth With Smarter Tracking
Consider a Health Savings Account (HSA)
In the video, Sacks said that a health savings account (HSA) can provide you with one of the "most tax-advantaged accounts out there," as long as you have a high-deductible healthcare plan (HDHP) or the opportunity to open one.
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How It Works
HSAs are triple tax-advantaged accounts, meaning that they offer a three-step opportunity to grow your money:
Invest pre-tax money into the account
Let the money grow tax-free
Withdraw the money tax-free in your retirement
Sacks asserted that this is a trick the rich often take advantage of, maxing out their investment into the account (you can invest $4,400 into your HSA per year) and then paying out of pocket for their healthcare costs, spending less on these out-of-pocket costs than they are accruing within their HSA.
Further, the money that grows within your HSA tax-free can then be withdrawn (also tax-free) at retirement age to cover your medical costs as you age -- something Sacks made clear will be a necessity. According to a 2022 Fidelity Retiree Health Care Cost Estimate, the average couple spends over $315,000 on just their healthcare needs during retirement.
If you're looking for a highly advantaged investment plan that has been tried and true amidst the wealthy (and has helped make them even wealthier), definitely consider opening an HSA and start investing tax-free.
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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