If you are one of the many at this point who feel like being a multibillionaire is a bit tone-deaf, yet you wouldn’t turn down a billion dollars either, you might want to observe some of the money habits of the grossly wealthy. Accumulating obscene amounts of money takes determination, and sometimes even a bit of crafty tax evasion, but at the end of the day your reward is piles of cash.
Learn More: I’m a Self-Made Millionaire: 6 Steps I Took To Become Rich on an Average Salary
Check Out: 6 Subtly Genius Moves All Wealthy People Make With Their Money
If you want to grow your wealth to the point of everyone disliking you, then here are the top five money rules you should steal from the rich.
No. 5: Lose Some Sleep by Staying Hyper-Aware of Your Finances
The rich don’t coast on cruise control, and putting your money moves on autopilot is laziness in the eyes of high-net-worth individuals. They constantly monitor the entire financial atmosphere around them, to the point where their friends and family worry about them — that’s how you know it’s working.
Make sure to follow interest rate shifts, tax code updates, global market jitters and even breakthroughs in tech like AI. And oh yeah, do this all outside of your full-time job.
Consider This: 10 Genius Things Warren Buffett Says To Do With Your Money
No. 4: Weigh Every Decision to the Point of Ulcers
What sets the wealthy apart is that they run silent opportunity-cost math like a reflex. In other words, it’s really only long-term strategy and compounding interest that can get you those gains.
That internalized trade-off thinking is constant, and should give you that fun little stomach ache that goes along with raising your risk tolerance. Most people don’t even factor in time with their spending habits, but the wealthy make every financial decision live inside a timeline, which is pretty much financial sorcery.
No. 3: Remember That Discipline Isn’t Fun, but It Is Profitable
If you are looking to steal anything from the super rich, it should be the chill factor of sexy indifference toward market trends or scary headlines. Sticking to your long-term investment strategy does take discipline, but when you see what kind of returns your efforts get over time, it will be worth it.
Even small, regular contributions can lead to substantial gains thanks to the snowball effect of compound interest.
No. 2: Stop Crying and Automate
Money issues can make anyone emotional, so take the human error out of investing and saving by automating. High-net-worth families often build systems where savings, tax payments and investment contributions run on autopilot.
While you shouldn’t completely disassociate from your financial decisions, you can make some of them out of sight and out of mind.
No. 1: Don’t Throw Funds Around Before You Find Out
And now, the no. 1 money rule rich people live by that you should totally steal is … not funding around before you find out. In other words, before putting money into the market, the wealthy focus on stability. So maybe you should, too.
That means having proper insurance, an estate plan and access to cash when needed is better than just investing in a stock just because the company’s logo is your favorite color. A little research can go a long way in boosting both your financial literacy and the comfort level of your investment.
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This article originally appeared on GOBankingRates.com: Top 5 Money Rules the Rich Live by That You Should Totally Steal
