8 Subtle Signs You've Become Exceptionally Rich
You’d think becoming rich would be obvious and you’d feel it. But what usually happens is quite different. Most wealthy people actually feel it creeping up on them instead of experiencing one glorious day where they get the sense that they’ve “won.”
So, what are the subtle signs that you’ve become wealthy?
You’ve Stopped Checking Price Tags
One sign you’ve become wealthy is that you’ve stopped checking the price tags in stores. Instead, you just pick up what you need and take it to the till.
When you don’t check the price tag, it means you’re no longer looking for bargains. What matters most to you is the experience and getting what you want.
Of course, the stores where you don’t check the price tag reflect how rich you’ve become. Many people can afford not to look at how much vegetables cost in the produce aisle, but only a small number can do the same when looking for luxury cars.
Time Is More Valuable
Another subtle sign you’ve become ultra wealthy is when time becomes your most valuable asset. You no longer want to trade it for money.
For this reason, many of the world’s wealthiest people hire personal assistants and private chefs. They unload a lot of life’s admin work onto other people so they can focus on their core tasks, whether that’s leisure or working on their businesses.
Many ultra wealthy people also try to work out how much their time is worth to see if they should perform specific tasks. For example, if they spend an hour grocery shopping, that might represent an opportunity cost of $1,000 or more when they could be doing something else.
You Have Private Banking
You may also have become exceptionally rich if you meet private banking minimum requirements. Usually, this means you have more than a million dollars in liquid investable assets and you require special assistance managing it all.
Private banking is like the next level up from the regular banking services most people use. It allows you to benefit from tailored advice and automation services that handle your finances for you, wherever you go.
You Invest In Experiences
You might also be becoming rich if you invest more in experiences than objects. For example, you could be spending money on private art viewings or exclusive events that only allow specific people to attend.
This sort of access and exclusivity isn’t available to the average person. They can’t always choose high-flying associates.
You Own Multiple Homes
Owning multiple homes is another sign you’ve become wealthy. Most people are struggling to pay the mortgage on one house, but if you have several, that’s always a good sign.
Owning multiple homes isn’t about making money, either. Instead, you own many of these properties for personal enjoyment or simply because you want somewhere to go on vacation. You’re not doing it to expand your portfolio (although you may have properties in there, too).
You Aren’t Affected By Economic Changes
Another sign that you’ve made it to rich status is when changes in the underlying economy do not affect your lifestyle. During recessions, the average person has to cut back on their spending and perhaps stop eating at restaurants or going on vacation. However, if you’re ultra wealthy it doesn’t make much difference. These expenses are an insignificant portion of your net worth. Yes, you might see your paper wealth decline if asset prices fall, but that’s usually temporary.
You Outsource Your Problems
Outsourcing your problems is also a subtle sign you’ve become rich. You no longer worry about problems yourself but get other people to fix them for you.
For example, suppose something goes wrong with your house. Instead of fixing it yourself, you hire someone to take a look at it for you.
Often you have professionals on speed dial and, perhaps, even retainer. You pay them to solve your problems for you, so you don’t have to think about it. Often, you trust these individuals to simply get the job done and dig you out of a hole when you require it. There’s not much more to it than that.
You Ignore The Small Luxuries
Finally, ignoring the small luxuries is another subtle sign your wealth is exploding. Previously, you salivated over designer clothing and high-end gadgets, but now you see these items for what they really are. Instead, you’re focusing more on exclusivity and doing things that many people across the globe never get to experience, even after a lifetime of work.
