Opinion

The rich have one financial habit most Americans ignore at their peril

Stock options, vacation homes, business sales and estates all require more than one perspective

By Ted Jenkin Fox News

Published July 31, 2026 5:00am EDT

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Most Americans believe financial success is about making the right decisions.

I disagree.

After more than 30 years helping families build wealth and managing billions of dollars, I've learned something different from experience. Financial success is often about avoiding the wrong ones.

WE ALL ARE DESPERATE FOR A FINANCIAL CHECK-UP. TIME TO SAY, ‘SHOW ME THE MONEY!’

That's why one habit separates people who consistently build wealth from those who struggle to keep it. They don't make major financial decisions alone.

The New York Stock Exchange (NYSE) in New York on Wednesday, July 2, 2025. (Michael Nagle/Bloomberg)

Ironically, the more successful you become, the easier it is to believe you don't need advice. You earn more, accumulate more assets and start trusting your own judgment above everyone else's.

That's exactly when mistakes become the most expensive.

Buying a vacation home.........

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