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What the Wealthiest Can Teach Us About Wealth and Well-being Thumbnail

What the Wealthiest Can Teach Us About Wealth and Well-being

As a preeminent wealth advisor, I understand those with substantial wealth's unique perspectives and practices. The insights from individuals with $25 million or more in net worth offer valuable lessons for anyone aspiring to enhance their financial and personal life, regardless of their current wealth status.

Aligning Wealth with Personal Values

One of the most striking aspects of the ultra-wealthy is their commitment to living a values-based life. Contrary to popular belief, their goals extend far beyond financial accumulation. The majority prioritize living a life aligned with their values and maintaining fulfilling relationships with family and friends. This indicates a profound understanding that true wealth encompasses much more than monetary assets; it includes leading a fulfilling and conscientious life.

Action Step:

Reflect on what matters most to you and your loved ones. Whether it's maintaining health, engaging in meaningful work, or spending time with family, ensure these priorities are integrated into your financial planning. This holistic approach not only secures financial stability but also enhances life satisfaction.

Addressing Financial Concerns and Health-Related Issues

Despite their wealth, the ultra-wealthy share many of the same financial concerns as those with less net worth. Issues such as the stock market's performance, rising interest rates, and maintaining financial stability are prevalent among this group. Additionally, they significantly emphasize family well-being, focusing on education funding and legacy planning.

Health-related worries also increase with net worth, demonstrating that wealth does not shield one from personal and family health concerns. This highlights the importance of comprehensive planning, including health and long-term care considerations.

Action Step:

Ensure your financial plan addresses your key concerns. Be proactive about discussions regarding health-related financial preparations, such as long-term care and insurance needs. Tools like trusts, wills, and powers of attorney can safeguard against potential health and aging challenges.

Investing and Spending Wisely

The investment behavior of the ultra-wealthy reveals a preference for active involvement in managing their wealth and greater satisfaction from investing rather than spending. This group views their wealth as a resource for achieving personal happiness and contributing to societal good rather than merely a means for lavish expenditure.

Interestingly, significant portions of their spending go towards charitable donations and experiences like vacations, which research shows can enhance happiness and well-being more than material purchases.

Action Step:

Evaluate your own spending and investment habits. Are they aligned with what brings you genuine happiness? Consider adopting a more hands-on approach to managing your investments if that aligns with your preferences. Aim to spend on experiences and causes that enrich your life and resonate with your values.


The practices and perspectives of the ultra-wealthy offer valuable insights into accumulating wealth and using it to foster a fulfilling life. By aligning financial goals with personal values, proactively addressing critical financial and health concerns, and focusing on meaningful spending, we can all take steps towards living our best possible life. Understanding and adopting some of the principles used by the wealthiest can provide a blueprint for managing wealth and enhancing our overall well-being.

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