If you’ve got it, flaunt it; many people can’t help but live by this motto, especially if they have money. You may not realize, but some of the wealthiest people live somewhat mundane lives. Living this way allows the wealthy to keep and grow their wealth.
Here are some low-key lifestyle choices that rich people tend to make that can help you on your journey to financial prosperity.
1. They Choose to Work Now and Sleep Later
Hard work can translate to financial success. Some of the wealthiest individuals work longer, more arduous hours now to enjoy more financial freedom in the future. Some even aim to retire early so that they have more time to travel and relax.
2. They Keep a Small Circle
It can be hard to truly understand some people’s intentions, but being wealthy can add an extra layer of weariness. Many rich people try to keep just a few close friends they know they can trust.
3. They’re Frugal
Just because you can buy it doesn’t mean you should. People who stay rich know how to make their money last and how to cut costs accordingly. If you’re prone to impulse purchases, consider using the 30-day rule: Wait 30 days before buying something you want. If you still want it after that long, go ahead.
4. They Have Side Hustles
One of the best-kept secrets of the wealthy is side hustles. Having multiple income streams is a great way to increase your overall income. In the digital age, there are all kinds of ways to make money from home. Consider trying one that fits your skill set.
5. They Don’t Budget
While managing a large amount of money can seem like a daunting task, budgeting is not an activity of the wealthy. Instead, some of the most low-key rich individuals have enough self-control when it comes to purchases not to need a strict budget.
6. They Can Take Criticism
Accepting feedback from peers is vital to success in any field. Wealthy people are open to hearing things that might be hard to hear. You can implement this in your own life—just be sure to only take advice from people you trust.
7. They Avoid Using Credit Cards
Paying in cash is the only way to avoid the fees and interest rates associated with credit cards and loans. Many rich people live low-key, credit-free lifestyles. If you struggle to stay on top of your credit payments, consider closing all but one card and be sure to pay on time.
8. They Read
With all of the consumer technology available to us nowadays, it is hard not to become consumed with the readily available entertainment. Reading helps the rich keep their mind sharp.
9. They Save More Than They Spend
Becoming rich involves building and growing wealth. Wealthy individuals almost always save at a much larger rate than they spend, always keeping their residual income higher than they need for day-to-day living
10. They Invest in Real Estate
Besides having multiple income streams, having many investments helps the rich consistently build their income without much hands-on work. One of the most common of these investments is real estate.
11. They Are Resilient
One of the rich’s most critical but low-key lifestyle choices is being resilient. Those with the highest incomes don’t sweat the small things and persevere through various odds. You have to weather the hard times in order to reach more prosperity.
12. They Stay True to Themselves
In a world with large amounts of money being moved around, remembering the actual value of things can sometimes be lost. Some successful, wealthy people avoid following the crowd and trust their instincts to reach their goals.
13. They Plan Their Investments
Before even investing, another low-key choice made by many wealthy individuals is putting significant planning into their investments. Having financial literacy is vital when you’re wealthy.
14. They Invest in Themselves
In the fast-moving world of finance and investing, the individual at the core of the financial decisions can easily be neglected. The wealthy invest in self-care and leisure activities to support their mental health, a vital component of success in any capacity.
15. They Value Experiences Over Items
The most wealthy individuals are so low-key because of the sheer amount of “stuff” they lack. Many of the wealthiest people could own anything they desire and, therefore, choose to spend their money on experiences like trips over consumer items.