{"id":423,"date":"2025-05-14T11:09:10","date_gmt":"2025-05-14T11:09:10","guid":{"rendered":"https:\/\/originalholdum.com\/?p=423"},"modified":"2025-05-16T15:43:49","modified_gmt":"2025-05-16T15:43:49","slug":"what-the-wealthy-do-differently-with-their-money-and-how-you-can-do-it-too","status":"publish","type":"post","link":"https:\/\/originalholdum.com\/index.php\/2025\/05\/14\/what-the-wealthy-do-differently-with-their-money-and-how-you-can-do-it-too\/","title":{"rendered":"What the wealthy do differently with their money \u2014 and how you can do it too"},"content":{"rendered":"<figure class=\"img-container shareable-item wp-caption\">\n<div class=\"img-wrap\">\n\t\t<img decoding=\"async\" width=\"646\" height=\"401\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"article-image wp-image-23083581 lazyload\" alt=\"Great Britain money, British pounds on the table, close up, financial business concept, English currency\" loading=\"lazy\" data-src=\"https:\/\/originalholdum.com\/wp-content\/uploads\/2025\/05\/GettyImages-2163266830-e1747212773882.jpg\">\t<\/div><figcaption>You\u2019ll want to adopt a different mindset and some new habits if you\u2019re serious about becoming financially wealthy (Picture: Getty Images)<\/figcaption><\/figure>\n<div class=\"metro-article-audio-player\" data-vars-type=\"article-audio-player\">\n<div class=\"metro-article-audio-player-play-row\">\n\t\t\t\t<button class=\"metro-article-audio-player-play-button\"><br \/>\n\t\t\t\t\t<title>Listen to article<\/title>\t\t\t\t\t<span>Listen to article<\/span><br \/>\n\t\t\t\t<\/button><\/p>\n<div class=\"img-container\"><img decoding=\"async\" class=\"sponsor-image lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"Powered by\" data-rewritten=\"false\" data-src=\"https:\/\/metro.co.uk\/wp-content\/themes\/metro\/includes\/site-blocks\/article-audio\/assets\/powered-by.png\"><\/div>\n<\/p><\/div>\n<div class=\"audio-controls hidden\">\n\t\t\t\t<audio class=\"audio-element\" src=\"https:\/\/metro.co.uk\/wp-content\/uploads\/2025\/05\/What-rich-people-do-5388.mp3\" controls id=\"audio-68275c1dc1473\">\t\t\t<\/p>\n<p>\t\t\t\t\tYour browser does not support the audio element.<br \/>\n\t\t\t\t<\/audio>\n\t\t\t<\/div>\n<\/p><\/div>\n<p>There\u2019s a major difference between people that are <a href=\"https:\/\/metro.co.uk\/lifestyle\/money\/\" target=\"_blank\" rel=\"noreferrer noopener\">rich<\/a> and those that aren\u2019t, going far beyond the number of zeros on the end of their bank balance.<\/p>\n<p>While some might find themselves becoming <a href=\"https:\/\/metro.co.uk\/2025\/05\/08\/much-need-earn-uk-region-considered-wealthy-2-23048842\/\" target=\"_blank\" rel=\"noreferrer noopener\">financially wealthy<\/a> by accident \u2013 for example by <a href=\"https:\/\/metro.co.uk\/tag\/lottery\/\" target=\"_blank\" rel=\"noreferrer noopener\">winning the lottery<\/a> or coming into an inheritance \u2013 most people who have money will have adopted a certain mindset and made bold decisions to build their fortune. There will also be strict routines they follow each day, week and month in order to maintain it.<\/p>\n<p>Entrepreneur Paul Grant, who co-authored the book Money Remixed: The 14 Steps to a Wealthy Mindset, says there are nine key things that wealthy people do differently with their money that make them more financially successful \u2013 and these things are \u2018within reach\u2019 of anyone.<\/p>\n<p>He tells <strong>Metro<\/strong>: \u2018While structural factors like education, opportunity, and social capital do matter, many of the strategies used by the financially wealthy \u2013 like budgeting, investing, and continuous learning \u2013 are things anyone can begin to adopt.<\/p>\n<p>\u2018The difference lies not just in access to money, but in how your money is managed. Regular people can start thinking and acting like the financially wealthy by shifting their mindset from short-term consumption to long-term financial wealth creation. <\/p>\n<p>\u2018It\u2019s not always easy \u2013 but over time, it can lead to extraordinary results.\u2019<\/p>\n<figure class=\"img-container shareable-item wp-caption\">\n<div class=\"img-wrap\">\n\t\t<img decoding=\"async\" width=\"646\" height=\"431\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"article-image wp-image-23064600 lazyload\" alt=\"A senior man uses a banking app on his smartphone to check his bank balance.\" loading=\"lazy\" data-src=\"https:\/\/originalholdum.com\/wp-content\/uploads\/2025\/05\/SEI_250810160-87d1.jpg\">\t<\/div><figcaption>It\u2019s not just luck that put all those zeros on their bank account balance (Picture: Getty Images)<\/figcaption><\/figure>\n<p>Paul shared a closer look at some of the ways wealthy people handle money a little differently, along with how you can do the same. Here\u2019s everything you need to know\u2026<\/p>\n<p><em>Disclaimer: Nothing in this article should be interpreted as financial, investment, or legal advice. Please consult a qualified professional before making financial decisions.<\/em><\/p>\n<h2 class=\"wp-block-heading\"><strong>Prioritise financial education<\/strong><\/h2>\n<p>According to Paul, one of the most defining characteristics of wealthy people is their \u2018commitment to financial literacy\u2019.<\/p>\n<p>He explains: \u2018They actively seek to <a href=\"https:\/\/metro.co.uk\/2025\/04\/28\/things-may-tough-right-now-dont-get-mad-get-informed-22973115\/\" target=\"_blank\" rel=\"noreferrer noopener\">understand how money works<\/a> \u2013 how to earn it, grow it, protect it, and make it work for them. While many people stop learning about money after basic school education, the wealthy continue to educate themselves through books, podcasts, courses, and conversations with experts.\u2019<\/p>\n<p>Topics to look into that could give you a significant edge in building and maintaining wealth include compound interest, inflation, risk management and tax efficiency.<\/p>\n<figure class=\"img-container shareable-item wp-caption\">\n<div class=\"img-wrap\">\n\t\t<img decoding=\"async\" width=\"646\" height=\"460\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"article-image wp-image-23083579 lazyload\" alt=\"Stack of finance books on desk with apple and glasses\" loading=\"lazy\" data-src=\"https:\/\/originalholdum.com\/wp-content\/uploads\/2025\/05\/GettyImages-200421668-001-e1747212191351.jpg\">\t<\/div><figcaption>Paul claims wealthy people are financially literate (Picture: Getty Images)<\/figcaption><\/figure>\n<p>But while it\u2019s important to be knowledgeable about money, he admits there\u2019s only so much you can learn, and sometimes it\u2019s better to defer to an expert \u2013 especially before making any major financial decision.<\/p>\n<p>\u2018[Rich] people surround themselves with financial advisors, tax professionals, legal consultants, and mentors who help guide them,\u2019 says Paul. \u2018This isn\u2019t just about having access to expertise \u2013 it\u2019s about humility. Financially wealthy people know what they don\u2019t know, and they\u2019re willing to pay for sound advice that protects and grows their money.\u2019<\/p>\n<p>These relationships with experts are seen as \u2018currency\u2019 in the world of wealth, where people will actively work to cultivate relationships that provide opportunities for collaboration, deal flow, and shared knowledge.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Don\u2019t just save, invest<\/strong><\/h2>\n<p>While <a href=\"https:\/\/metro.co.uk\/2025\/05\/13\/struggling-save-money-50-30-20-rule-help-budget-2-23014264\/\" target=\"_blank\" rel=\"noreferrer noopener\">saving<\/a> is a smart practice, it\u2019s not enough on its own to build substantial financial wealth, claims Paul, because inflation \u2018eats away at the value of stagnant money\u2019.\u00a0<\/p>\n<p>Instead he says financially successful people focus on investing in stocks, bonds, real estate, precious metals, businesses, or other appreciating assets.<\/p>\n<p>He continues: \u2018What sets them apart is not just the act of investing, but their long-term mindset. Financially wealthy individuals often favour diversified portfolios and strategic patience, riding out market downturns and compounding their returns over decades.\u2019<\/p>\n<figure class=\"img-container shareable-item wp-caption\">\n<div class=\"img-wrap\">\n\t\t<img decoding=\"async\" width=\"646\" height=\"431\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"article-image wp-image-23083307 lazyload\" alt=\"Woman stacking coins on a table with piggy bank nearby, saving money concept\" loading=\"lazy\" data-src=\"https:\/\/originalholdum.com\/wp-content\/uploads\/2025\/05\/GettyImages-2210254636.jpg\">\t<\/div><figcaption>It\u2019s not enough to just save money, if you want to build substantial wealth (Picture: Getty Images)<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\"><strong>Have clear financial goals<\/strong><\/h2>\n<p>Rather than living for payday each month or fantasising about \u2018being rich\u2019, Paul says what sets the wealthy apart is the fact they set clear, measurable financial goals.<\/p>\n<p>For example, a financially wealthy individual might aim to retire by 45, generate \u00a3100,000 a year in passive income, or build a \u00a310 million portfolio, setting short, medium, and long-term milestones in order to get there. <\/p>\n<p>These aren\u2019t vague dreams \u2013 they\u2019re structured objectives backed by actionable plans.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Take calculated risks<\/strong><\/h2>\n<p>Taking strategic risks is something those with a lot of money will often do \u2013 but Paul highlights that this doesn\u2019t mean reckless gambling.<\/p>\n<p>It means making informed decisions in uncertain situations, whether it\u2019s investing in a new venture, changing careers, or acquiring a property; essentially, assessing potential returns, understanding the downsides, and preparing for contingencies before jumping in.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Value time over money<\/strong><\/h2>\n<figure class=\"img-container shareable-item wp-caption\">\n<div class=\"img-wrap\">\n\t\t<img decoding=\"async\" width=\"646\" height=\"375\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"article-image wp-image-23083500 lazyload\" alt=\"A person holding a red piggy bank and a red alarm clock\" loading=\"lazy\" data-src=\"https:\/\/originalholdum.com\/wp-content\/uploads\/2025\/05\/GettyImages-2207810976.jpg\">\t<\/div><figcaption>They see time as more valuable than money (Picture: Getty Images)<\/figcaption><\/figure>\n<p>If you\u2019re reading this article, you might already be placing money above all else in your mind, but this isn\u2019t something financially successful people do.<\/p>\n<p>For them, it\u2019s time that\u2019s much more valuable, as they\u2019re aware that it\u2019s \u2018finite, while money is theoretically infinite\u2019.<\/p>\n<p>\u2018This belief influences how they delegate tasks, automate decisions, and build systems that free up their time,\u2019 Paul shares.<\/p>\n<p>\u2018Whether it\u2019s hiring a virtual assistant, investing in productivity tools, or building passive income streams, financially wealthy individuals aim to reduce time spent on low-value tasks and focus on high-impact activities.\u2019<\/p>\n<h2 class=\"wp-block-heading\"><strong>Don\u2019t blow your money on luxury goods<\/strong><\/h2>\n<p>Flaunting wealth with luxury items is out of the question for <em>actually <\/em>wealthy folks, with Paul commenting: \u2018They aim to buy assets \u2013 things that put money into their pocket (like rental properties or dividend stocks or other assets that they can sell) \u2013 and avoid unnecessary liabilities \u2013 things that take money out without generating returns (such as expensive cars, luxury goods, expensive holidays and the use of credit cards).\u2019<\/p>\n<p>Because of this, the rich are often seen as the masters of delayed gratification as \u2018they understand that big rewards often require patience and discipline.\u2019<\/p>\n<p>So instead of impulse shopping and rushing to upgrade their lifestyle, they tend to prepare for their future by building emergency funds, reinvesting profits, and resisting lifestyle inflation even as their income grows. This allows them to avoid falling into a cycle of consumption without financial wealth accumulation.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Build multiple income streams<\/strong><\/h2>\n<p>Most of us rely on one job as our main source of income, but those who are wealthy will typically have several different sources of income.<\/p>\n<p>These might include rental income from real estate, dividends from stocks, business profits, royalties or licensing fees, online income streams (courses, books, digital products) or profit from selling assets.<\/p>\n<p>\u2018This diversification not only increases their earning potential but also insulates them from economic downturns,\u2019 Paul adds.<\/p>\n<section class=\"metro-comment-cta\">\n<div class=\"metro-comment-cta__inner\"><span class=\"metro-comment-cta__text-wrap\"><title>Comment now<\/title><span class=\"metro-comment-cta__text\">What wealth habits do you follow or plan to adopt?<\/span><\/span><a class=\"metro-comment-cta__button\" href=\"#metro-comments-container\">Comment Now<\/a><\/div>\n<\/section>\n<h2 class=\"wp-block-heading\"><strong>Practice consistent habits<\/strong><\/h2>\n<p>\u2018While it\u2019s tempting to think that a lucky break is all it takes, true financial wealth is built on consistency,\u2019 says Paul.\u00a0<\/p>\n<p>To follow in their footsteps requires a disciplined routine which could involve reviewing your budget weekly, calculating your net worth monthly, contributing to investment accounts monthly, or setting annual financial reviews.<\/p>\n<p>Doing these things consistently creates momentum and reduces the mental friction of making financial decisions over and over. Eventually, it\u2019ll become second nature.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Plan for generational financial wealth<\/strong><\/h2>\n<p>As you\u2019ve likely already ascertained, wealthy individuals are looking at the bigger financial picture \u2013 and this includes looking beyond their own lifetime.<\/p>\n<p>\u2018They don\u2019t just want to enjoy financial wealth \u2013 they want to pass it on,\u2019 Paul states.<\/p>\n<p>From setting up trusts, writing wills, implementing power of attorney\u2019s and educating their children about money, he says: \u2018They think long-term, and that mindset extends to how they prepare the next generation to manage and preserve family financial wealth.\u2019<\/p>\n<p class=\"\"><strong>Do you have a story to share?<\/strong><\/p>\n<p class=\"\"><strong>Get in touch by emailing <a href=\"mailto:MetroLifestyleTeam@Metro.co.uk\">MetroLifestyleTeam@Metro.co.uk<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You\u2019ll want to adopt a different mindset and some new habits if you\u2019re serious about becoming financially wealthy (Picture: Getty Images) Listen to article Listen to article Your browser does not support the audio element. There\u2019s a major difference between people that are rich and those that aren\u2019t, going far beyond the number of zeros [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[20],"tags":[],"_links":{"self":[{"href":"https:\/\/originalholdum.com\/index.php\/wp-json\/wp\/v2\/posts\/423"}],"collection":[{"href":"https:\/\/originalholdum.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/originalholdum.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/originalholdum.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/originalholdum.com\/index.php\/wp-json\/wp\/v2\/comments?post=423"}],"version-history":[{"count":3,"href":"https:\/\/originalholdum.com\/index.php\/wp-json\/wp\/v2\/posts\/423\/revisions"}],"predecessor-version":[{"id":431,"href":"https:\/\/originalholdum.com\/index.php\/wp-json\/wp\/v2\/posts\/423\/revisions\/431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/originalholdum.com\/index.php\/wp-json\/wp\/v2\/media\/425"}],"wp:attachment":[{"href":"https:\/\/originalholdum.com\/index.php\/wp-json\/wp\/v2\/media?parent=423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/originalholdum.com\/index.php\/wp-json\/wp\/v2\/categories?post=423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/originalholdum.com\/index.php\/wp-json\/wp\/v2\/tags?post=423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}