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The Penny Hoarder Reviews (2024 Update): Best For Personal Finance?

By: JosiahSep 29, 2023General Investments
The Penny Hoarder Reviews ([year] Update): Best For Personal Finance?

The Penny Hoarder Reviews: Summary

  • Product Name: The Penny Hoarder
  • Penny Hoarder Website:
  • Location of Business: 490 1st Ave S, Saint Petersburg, FL 33701
  • Owner: Kyle Taylor
  • Type: Financial Tips & Making Money Opportunities
  • Cost to Join: Free

What Is the Penny Hoarder?

What Is The Penny Hoarder

The Penny Hoarder is a privately owned personal finance website dedicated to helping its readers live a simpler, more cost-effective life. Taylor Media owns The Penny Hoarder, founded in 2010 by CEO Kyle Taylor.

The Penny Hoarder publishes factual information and researched content on making and saving money. They offer news coverage, personal stories about people's journeys to earn more money, and original reports with a personal finance focus.

The Penny's main focus

Hoarder focuses on readers with lower incomes who may feel left out by other financial publications. Everything on this website is constantly updated, and hidden opportunities are posted on it, demonstrating the extensive research that has gone into it.

Now, I do want to be totally up front here, so...


This The Penny Hoarder review has been thoroughly researched with information and testimonials that are available to anyone in the public. Any conclusions drawn by myself are opinions.

  • Offers pro tips and tricks on saving and making money.
  • Provide you with information on work-at-home and side gig opportunities.
  • Give you hints on saving money while also maintaining a healthy lifestyle.
  • Because articles are not always accepted, it does not provide a steady income for freelance writers.

Why Listen To Us

My name is Josiah, and this is my Dad, Joel.why listen us

Together, we make up the team here at Scamrisk.

If you’ll let me bother you for two minutes, I’d like to quickly explain why I’m even here writing this review.

In early 2020, I had just graduated from college & had no real career prospects.

I knew I was destined for something more, but I had no clue how I was going to make it happen.

I had this sinking feeling in my gut all the time… like the “big man upstairs” had accidentally given me the version of life where I’d be mediocre forever, instead of the one where I was, ya know – happy & fulfilled.


I had fiddled around with some different online businesses in college:

Some random MLMs, a bit of affiliate marketing, a (failed) dropshipping store or two, all the usual suspects.

Even my dad had been involved in MLMs back in the day… selling knives & other random nonsense people (probably) didn’t need.

All I really wanted was to find something that was going to actually work for me.

Maybe those things had worked for others, but for me it all turned up a fat “0” in the bank account department.

So I searched! And searched… and searched… and searched…

And eventually, I somehow stumbled upon a program that promised to help me build an income online (read about it here if you’re curious).

I didn’t really want to be “rich”.

The thought of making a reliable $5K per month & not having to worry about clocking in to a 9-to-5 ever again was all I needed.

Sure, there were people in the program doing high-6 and low-7 figures per year… but that wasn’t what I was out for.

I just wanted to provide freedom for myself, and if I was lucky, take my family along for the ride.

Fast forward a few days and a few phone calls & I was enrolled!

Here’s the first “money making website” I put up:

why listen us gif

I built that site in 2020, and it still makes me $1,500 per month. It’s a basic 5 page website I built based on a template the program provides.

The best part to me? My dad and I get to do it all together!

So between the:

  1. Ease of reaching $5-$10K per month in income online

  2. Straightforward-ness of the system to do it

  3. Fact that I get to do it w/ my family

Is why I recommend local lead generation as my #1 business model for making money online.

Sure, it takes some work and dedication – but anyone that tells you that there’s a business out there that requires no work is selling you a lemon.

I’m not saying you need to sign up for the same program I did, but I would definitely recommend giving the business model a peek!

The Penny Hoarder is a system that teaches people how to be in better control of there personal finances.

The final problem here is consistency.

Controlling your personal finances is and always has been a struggle for most people . You’ll have great months and terrible months. If you can stomach that, great.

But what if, instead, you could have a consistent stream of income with a reliable amount of cash coming in every single month?

What if you could build a passive income stream that’s actually passive?

An income stream that doesn’t require:

  • Being on the phone all day
  • Wasting hours of your life when people no-show
  • Trading your time for money
  • Financial stress during a bad month
  • Letting someone else control your fate

An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?

An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day chasing prospects and reciting the same sales pitch over and over again?

TESTIMONIAL - Still Getting Paid If that sounds like something you’d be interested in, check out Digital Leasing.

However, if you’d still like to know more about The Penny Hoarder, keep reading.

The Penny Hoarder Review Business Company

The Penny Hoarder, founded in 2010, is one of the country's largest personal finance websites.

Its mission is to empower people to take control of their personal finances and make wise financial decisions by sharing actionable articles and resources on earning, saving, and managing money.

The Penny Hoarder has been named one of America's fastest-growing private media companies for three consecutive years by the Inc 500/5000.

The Penny Hoarder is entirely self-funded and generated $20.8 million in revenue in 2016. The Penny Hoarder had 15 million unique monthly page views, and 4.9 million Facebook liked in May 2017.

In November 2017, the opening of its new headquarters in downtown St. Petersburg, Florida, and create 165 new jobs in the Tampa Bay area by 2020.

Clearlink purchased The Penny Hoarder in December 2020.

Penny Hoarder imagines a world with less financial stress. Penny Hoarder's mission is to empower people to make wise financial decisions, even if they only make the minimum wage.

Who Is Kyle Taylor?

Who Is Kyle Taylor Saint Petersburg Business Company

As the CEO and co-founder of The Penny Hoarder, Kyle Taylor is an entrepreneur and philanthropist.

Three years in a row, Inc. 500/5000 named The Penny Hoarder one of America's fastest-growing private media companies under his leadership.

Millions of people have benefited from the website's editorial and video content, aimed solely at reducing people's financial anxiety. Since its start in 2010, The Penny Hoarder has remained self-funded and profitable.

Kyle and his team are redefining the digital media model by focusing on journalism and creative storytelling while also generating revenue that prioritizes the audience.

Before starting The Penny Hoarder, Kyle worked as a campaign worker for six years, developing messages, overseeing field strategy, and raising millions of dollars for worthwhile causes.

Kyle is an active member of his community in St. Petersburg, Florida, where he calls home.

Entrepreneurship, alternative career paths, and mission-based work are topics he frequently discusses in his public speaking engagements.

Making Money With The Penny Hoarder Website

Making Money With The Penny Hoarder Website Business Company

We must first understand what the Penny Hoarder website is before talking about making money from it. Love this site since the beginning. Because of this, I've kept up with their social media accounts for over a year now, as well as their website, whenever they post something new.

Although I consider myself a minimalist, I find myself drawn to Penny Hoarder's writing brand and the topics it covers. But recently, I've been examining more closely at the site to see if it can help me find a good side job.

The Penny Hoarder indeed presents a surprising amount of opportunity for those looking to supplement their income...

**How Does The Penny Hoarder Work?

How Does the Penny Hoarder Work Business Site

The Penny Hoarder provides information and research for people who want to make extra money on the side while also posting some of their own money-making opportunities.

Over 20 articles are published on the website each day. Sections include "Make Money," "Deals," "Food," "WFH," "Smart Money," "Life," and "Academy" in The Penny Hoarder. Original video and photo essays and infographics were also available, along with the written content.

The Basics

The Basics Sign Companies Business

This is what you'll find if you go to's About Page... There is no doubt that the site's description is accurate.

There are 13 million readers per month, 5.7 million Facebook fans (of which I am one), and more than 2 million email subscribers. It is the fastest-growing private media company in the world.

When it comes to personal finance, Penny Hoarder does a lot of the legwork, and a lot of that comes from their articles on making extra money. On their website, you can find an entire section dedicated to making extra money, and you can see a link to it in the main menu tab across the page.

The 'Make Money' tab is where you'll find it.

However, what sort of chances are there on this page? Is the information you're reading actually going to benefit you, or are you just reading generic fluff?

In my investigation, I've compiled my thoughts on the subject here.

Is It Possible To Make Money With The Penny Hoarder's Suggested Investments?

Is It Possible To Make Money Saint Petersburg Sign Company

There are four sections under the 'Make Money' tab.

  1. Jobs
  2. Side Gigs
  3. WFH (Work From Home)
  4. Career

Each of these sub-sections was carefully examined before being addressed.

So, first things first: jobs.

Jobs On Penny Hoarder

Jobs On Penny Hoarder Business

There are a lot of articles on this page explaining how people can apply for various jobs. Articles on Yelp's employment opportunities include writing assignments to product reviews. Articles written by people who have landed unique jobs are also published by the company. The authors share their experiences and offer advice on how to land a similar position.

Penny Hoarder does a great job of keeping everything up-to-date. They post articles to these pages on a near-daily basis. In addition, it appears that they devote a lot of time and effort to researching these various options.

Seriously, this site has a lot of weird and beautiful opportunities listed on it! It's cool, but it also shows how much work they must be putting in, which is impressive in and of itself.

Side Gigs On Penny Hoarder

Side Gigs On Penny Hoarder Business

In many ways, this site section is similar to the Jobs section, except that some of these articles detail more' temporary opportunities.' This page includes information on writing contests, survey websites, and other opportunities the sort.

If you're looking for a side gig, you might want to check out this section of the site... even though they also keep track of more long-term gigs here. Everything is always up to date, and the content is always of the highest caliber.

Work From Home Gigs On Penny Hoarder

Work From Home Gigs On Penny Hoarder Business

This section of the site focuses solely on work-at-home opportunities. They publish everything from how-to articles to in-depth job descriptions that you can apply for right now!

Even better, it's all about working from home.

The Penny Hoarder does a great job of finding unusual job openings, making their website appealing to people like me who are constantly on the lookout for new and different things to do.

Career Opportunities On Penny Hoarder

Career Opportunities On Penny Hoarder Business Company

As far as I can tell, the Career section of their website is a lot more focused on topics like building a strong LinkedIn profile, negotiating a salary, performing well in job interviews, and so on.

It's easier to find a list of 'tricks and tips' than actual job opportunities. There's no doubt that it's a worthwhile site to visit, though.

**Can You Make Money with Penny Hoarder? Can You Make Money with Penny Hoarder Business

No, you cannot profit from The Penny Hoarder. The website only provides information, insights, and tips on making extra money, saving money, and budgeting. Unless you are constantly online looking for side gigs, which could earn you some money.

You could work as a freelance writer for them, but the process is highly competitive. Although people make a few dollars here and there from the website, it is not a money-making platform. No guarantee learning about them on the site will lead to you getting your dream job.

The Penny Hoarder is not a money-making website, but it is jam-packed with great personal finance information.

So, is The Penny Hoarder a scam?

Scam or Legit

Not technically. You can make money with this program, and if you want to take the first step into the world of online business/marketing, this isn’t a bad way to go.

But at the same time, sales is a job, not a business. You’re not going to reach time freedom or financial freedom if you’re always trading your time for money.

Remember, there’s a good chance you’ll be spending most of your day on the phone.

However, since you’re looking at a 50% no-show rate, you’ll also have a lot of dead time. And that’s time you can use to build a more reliable, more passive income stream.

What if you could use a couple hours a day of free time and your reward was a $500 to $2,000 payment that came in every single month?

What if you could get started today and have your first payment in a week?

And what if you could double it next week?

Well, that’s the power of Digital Leasing.

Your laptop and an internet connection is all you need.

Some of the most successful students in this program run their entire 6-figure businesses from:

  • A camper in the middle of the woods
  • A beach chair on the water in Mexico
  • A small villa in Greece

TESTIMONIAL - Saying Goodbye To Our Jobs

They’re able to travel around, living their lives first, and focusing on their income second.

Because even if they stop working for an extended period of time, the money keeps coming in.

So adventure, memories, and experience are the top priority.

And they never have to worry about how to pay for the next trip, or consider asking for time off.

If this sounds more like the type of life you want to lead, just click here to find out more about Digital Leasing.

Are There Any Alternatives to The Penny Hoarder?


Yes, there are plenty of sales programs to choose from if you want to pursue this business model. Here are just a few:

  • Local Sales Hero
  • Sales Rabbit
  • Digital Sales Society
  • Guide To Starting A Direct Sales Company
  • Online Sales Pro

The Penny Hoarder Reviews: Conclusion

Conclusion The Penny Hoarder Reviews

The Penny Hoarder, in my opinion, is a personal finance website that promises to provide you with a wealth of advice on how to improve your own business.

This is not the platform for you to build a money-making website.

What Is My #1 Recommendation To Make Money Online In 2024?

Digital Leasing

Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.

While there may be no “perfect business”, the research IS conclusive:

Digital Leasing is the #1 online business model for those just starting out.

Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Leasing is for you.


1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Leasing business.

And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.

Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.

This is only possible if you have an income stream that’s not tied to your time.


2) You Own & Control EVERYTHING: As a commission salesperson, you don’t own anything. You have no control over lead quality, commission rates, or even your time.

With Digital Leasing, you own the assets, which means you have all the power and all the control.

TESTIMONIAL - Feeling Blessed 3) Little To No Startup Costs: It’s possible to get into Digital Leasing with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket...even before you do any work.

Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.

TESTIMONIAL - Scott Lead Gen

4) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).

Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.

Because you have more knowledge, more experience, more results, and more momentum.

If you wanted to double your income as a salesperson, you’d have to double the number of calls you take OR double your close rate. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.

TESTIMONIAL - Lance Lead Gen

5) Make Money Helping Real People: This part is what makes it all worth it. As a salesperson, your boss might convince you that what you’re selling improves people’s lives, but in reality, you have no control over what happens once they fork over the money.

But with Digital Leasing, you’re actually helping people by solving your clients’ biggest problem:

Small, local businesses need more customers, and with Digital Leasing, you are unleashing a flood of happy, paying customers for these businesses.

You make money by helping them make money.

Not a big, faceless corporation either...a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.

Once you see how Digital Leasing makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.


Now, the choice is yours. You could continue browsing, looking at opportunities like The Penny Hoarder which could one day make you money.

You could continue researching, never making a decision.

OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Leasing.

A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.

All while genuinely helping real people who are grateful and happy to pay for it.

If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Leasing.

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