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5 Things Millionaires Do With Their Money That Normal People Don’t

5 Things Millionaires Do With Their Money That Normal People Don’t

Heather Taylor   Fri, December 16, 2022

We’ve all heard stories about the many things wealthy individuals do with their money which those with much more modest incomes do not. Many of these stories tend to revolve around extravagant purchases, like superyachts, private islands and having an unlimited budget for extraneous purchases like glitter.

Much less obvious, however, are the subtle ways those with extreme wealth treat spending and saving money. Here are some things millionaires do with their money that you would be hard-pressed to see a normal person doing.

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They Don’t Talk About Money

In a now-viral Reddit thread about non-obvious signs of wealth, a Reddit user named ragnarkar wrote that individuals possessing extreme wealth rarely discuss money.

“There’s a saying that there’s an inverse correlation between how wealthy someone is and how often they mention money, but it’s not that easy or obvious to gauge how often someone actually talks about money without interacting with them a lot,” the Reddit user wrote.

Those without money can’t help but talk about money with others or think about it on a regular basis. Someone with extreme wealth, however, would not bring up the topic in an everyday conversation. This is not to say they don’t pay attention to their overall financial picture. It’s just not a topic for discussion.

They Have Credit Cards That Are Different Colors and Weights Than the Average Person

A regular person likely doesn’t think twice about the color of their credit card. Their focus is usually just on making sure the balance is paid in full each month. Someone with extreme wealth, however, can make their wealth known with a nonverbal cue: the color and heft of their credit card.

A since-deleted Reddit user wrote in the viral thread how wealthy individuals will often receive great service from staff once the staff sees their credit card. Another user named illinois_smith confirmed they were a service industry worker and the nice credit cards do get noticed, especially the ones made of heavy metal.

Getting these specific credit cards typically requires a certain amount of heavy spending from the cardholder. The number of people given these cards will often be pretty limited as well.

The Ultra-Wealthy Take Portfolio Diversification to the Next Level

Those with great wealth have several assets, tangible and intangible alike, which make up their overall investment portfolio. Popular physical assets include real estate, jewelry, rare artwork, vintage vehicles and cash or cash equivalents like money market mutual funds. Less intangible assets include stocks, bonds and exchange-traded funds (EFTs).

 To continue reading, please go to the original article here:

https://news.yahoo.com/5-things-millionaires-money-normal-200024351.html

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