I’ve been advising wealthy clients for nearly 15 years, and I’m often asked for the secret sauce, or the commonalities that I see in my wealthiest financial planning clients that make them successful.
Some simply ask because they are curious, while others ask because of cognitive-behavioral biases, like the bandwagon effect or herd behavior, where we believe it’s safer to follow the crowd or popular opinion.
While that’s not always a fact, there’s some merit in evaluating what the wealthiest among us have in common, and seeing how applying those behaviors or actions to your own situation could improve your chances of financial success.
Although everyone’s road to financial independence can be different, I can tell you about three everyday habits some of my wealthiest clients share.
