Most Americans believe that financial success hinges on making the right decisions. However, after more than 30 years of experience helping families build wealth and managing billions of dollars, a wealth management veteran has identified a different key factor.

The New York Stock Exchange (NYSE) in New York, US, was photographed on Wednesday, July 2, 2025, illustrating the financial environment where these insights apply. The expert notes that the habit separating those who consistently build wealth from those who struggle is the practice of seeking advice before making major financial decisions.

Ironically, as people become more successful, they tend to trust their own judgment more and often believe they do not need advice. Many spend more time reading online reviews before purchasing a $500 television than they do seeking professional advice before making financial decisions worth $500,000.

The expert emphasizes that businesses have boards because even exceptional CEOs have blind spots, and greed can lead investors to chase investments after they have already surged. Therefore, seeking different viewpoints before making life-changing financial moves is essential.

This advice extends to decisions ranging from selling a business to taking Social Security benefits.

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