#wealth-preservation

#wealth-preservation

The difference between staying wealthy and losing it all isn't about making brilliant investment moves or having insider knowledge. After interviewing over 200 people for my articles, including everyone from startup founders to researchers studying wealth preservation, I've noticed something fascinating: Wealthy people who maintain their wealth make profoundly boring choices that most of us overlook. These aren't the sexy decisions that make headlines. They're the mundane, almost tedious habits that create an unshakeable foundation.

Despite having billions to their name, some of the wealthiest people on the planet don't splurge on the material items that others shoppers might be tempted by. Berkshire Hathaway CEO Warren Buffett, for example, is famous for driving a 2014 Cadillac, which is covered in damage from a hail storm. Microsoft cofounder Bill Gates drives an electric Fiat500 gifted to him by Bono, while YouTube star MrBeast sleeps in his office and had to borrow money from his mom to pay for his wedding.

Wealthy people tend to think differently about money. Here, the financial experts who give them advice explain what sets them apart