Core Insights - The average net worth considered necessary to be deemed wealthy in America is $2.5 million according to Charles Schwab's 2024 Modern Wealth Survey [1] Investment Principles - Investing like wealthy individuals involves following core principles such as prioritizing long-term growth, diversification, and seeking professional advice while avoiding emotional decision-making [3][4] - Wealthy investing emphasizes discipline, access, and optimization, starting small and scaling with knowledge [4] Strategies Employed by Wealthy Investors - Diversification across asset classes is crucial, with wealthy individuals spreading investments across stocks, bonds, real estate, private equity, and alternative investments to reduce risk and capture growth opportunities [4] - Access to private investments is common among wealthy individuals, often requiring significant capital, though platforms like AngelList can provide entry for smaller investors [4] - Collaboration with financial advisors is a key strategy, allowing wealthy individuals to leverage professional wealth management and tax advice [4] - Utilizing tax-advantaged structures, such as IRAs or 401(k)s, is essential for maximizing investment contributions and reducing tax liabilities [4] - A focus on long-term value is fundamental, with an emphasis on investing in quality assets with strong fundamentals rather than chasing short-term trends [4] - Strategic use of debt is common, with wealthy individuals often financing investments through low-interest loans, particularly in real estate or business ventures [5]