3 Rich Person Habits To Pick Up and 3 Poor Ones To Drop Now

3 Rich Person Habits To Pick Up and 3 Poor Ones To Drop Now

Laura Bogart   Mon, October 13, 2025   GOBankingRates

Growing up, you might’ve watched a certain show called “Lifestyles of the Rich and Famous,” wherein the wealthy elite and celebrities alike shared the ins and outs of their glorious, sometimes decadent lifestyle. The phrase “champagne wishes and caviar dreams” may have imprinted itself on your mind as the way all rich people live.

The truth is many of the most successful and financially secure people around you aren’t flaunting their wealth. They’re quietly embracing smart habits that make growing and managing their money much easier — habits that are actually pretty simple to adopt. Including for you.

Picking up some of these common “rich person” habits can help you improve your own financial situation. At the same time, it’s the right time to drop the habits that are keeping you stuck in the muck of your own limited finances.

Rich Person Habit: Regularly Reviewing Your Financial Plan

Wealthy people may seem adept at reading the tea leaves of financial trends, but in reality, they’re just used to consistently reviewing their personal finance plans and ensuring those plans align with their long-term goals. And yes, wealthy people typically have such goals for their money, chiefly oriented around growing it and making sure that they and their loved ones are protected.

They also know when to bring in expert help. Rich individuals often work with trusted financial advisors who can guide them on when they should make changes and when they should stay the course. They’re smart enough to know what they don’t know — and to delegate accordingly.

Rich Person Habit: Outsourcing Time Strategically

Speaking of delegation as a top-tier financial habit, wealthy people also understand that time is money. Rather than spending hours learning tax law or DIY-ing plumbing repairs, they hire experts who know what they’re doing. Not only do they benefit from this expertise, but they’re also able to devote that freed-up time and energy to high-value tasks.

That could mean taking courses to refine their skill sets, attending networking events or simply making space to think strategically about their business or investments. Investing their time wisely empowers them to increase their earning potential and long-term financial security.

Rich Person Habit: Prioritizing Assets Over Just Income

The old stereotype of a rich person working around the clock, all day, every day, doesn’t tell the whole story. While many successful people work hard, they also take steps to make their money work for them. This means they do more than just put their paycheck change in a high-interest savings account each month. They prioritize building up and diversifying assets that generate passive income.

Keep in mind that prioritizing assets leads to understanding the power of compounding interest rates and passive income. By following their example — investing in income-generating assets, diversifying your portfolio and avoiding common pitfalls — you can set yourself on a path to long-term financial success.

Poor Person Habit: Living Paycheck to Paycheck (Even With a High Income)

TO READ MORE:  https://www.yahoo.com/lifestyle/articles/3-rich-person-habits-pick-181507635.html