Yahoo Finance 5 Services You Would Just Pay Others To Do If You Were Rich
When you’re rich, the world is your oyster. You get to pay others to do the things you don’t want to do, saving you both time and energy. Instead, you can prioritize the things you love and focus on building more wealth.
“Rich individuals typically prioritize their time differently,” said Justin Godur, CEO and founder of Capital Max. “For example, hiring personal chefs ensures they receive gourmet meals tailored to their dietary preferences and health goals without the hassle of meal prep or cooking.
“Similarly, employing personal drivers not only offers convenience and safety but also provides them the luxury of time to work or relax during commutes.”
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According to Godur, these services are not just about convenience; they’re about maximizing efficiency and ensuring every aspect of their lives is managed to perfection.
“Understanding these spending habits is crucial for anyone in the financial sector aiming to cater to high-net-worth individuals,” he added. “By offering tailored financial advice that accounts for these unique expenses, we can help them achieve greater financial efficiency and personal satisfaction.”
Below are more services you would just pay others to do for you — if you were rich.
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Household Tasks
“Wealthy individuals often employ a variety of household staff to ensure their homes are well-maintained and their daily needs are met efficiently,” said Michael Ashley, finance expert at Richiest. “This includes housekeepers who manage cleaning and organizing, chefs who prepare gourmet meals tailored to dietary preferences and butlers who oversee household operations and attend to personal requests.”
He said that by delegating these tasks, the affluent can enjoy a high standard of living without the time and effort required to maintain it themselves.
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Scheduling and Life Logistics
“Personal assistants play a crucial role in managing the busy lives of affluent individuals,” said Ashley.
“They handle scheduling, correspondence, travel arrangements and other administrative tasks, allowing their employers to focus on more strategic activities,” he said. “By managing day-to-day logistics and personal errands, personal assistants are present to reduce stress and increase productivity, ensuring that every aspect of their employer’s life runs smoothly and efficiently.”
Godur agreed. “Personal assistants are a common expense, handling everything from scheduling appointments to managing household staff, allowing the affluent to focus on their business or personal endeavors.”
Childcare Services
Nannies or au pairs are commonly hired by wealthy families to provide care and support for their children, Ashley said.
“These childcare professionals handle everything from daily routines and educational activities to transportation and meal preparation,” he explained. “This arrangement not only ensures that children receive high-quality care and attention but also allows parents to pursue their careers or personal interests without worrying about their children’s well-being.”
Shopping
“Maintaining a polished and stylish image is important for many affluent individuals, and personal shoppers and stylists help them achieve this effortlessly,” Ashley noted.
“These professionals curate wardrobes, select accessories and even choose home décor, ensuring that their clients always look and feel their best,” he said. “By relying on experts for these tasks, wealthy individuals can save time and avoid the hassle of shopping while benefiting from a sophisticated and tailored appearance.”
Professional Cleaning Services
Professional cleaning services are another significant investment of the rich, according to Godur. “These services go beyond regular housekeeping, often involving meticulous attention to detail and specialized treatments for valuable items.”
He added that high-net-worth clients also prefer professional laundry services, which ensure their designer clothes and delicate fabrics receive the best care, maintaining their quality and longevity.
The Rich Value Experiences Over Things
And they’re willing to pay for it.
“As someone who has worked with celebrities like Justin Bieber and Lady Gaga, I’ve seen firsthand how fleeting material possessions can be,” said Daniel Meursing, self-made millionaire and CFO of Premier Staff. “True fulfillment often comes from experiences and memories, not just accumulating more stuff.”
Delegating services to others allows for more money allocated to other things that matter.
“By being mindful of my spending and choosing budget options when appropriate, I can allocate more resources towards travel, philanthropy and creating lasting memories with loved ones,” Meursing noted.
“In the end, being a self-made millionaire isn’t about flaunting your wealth or buying the most expensive version of everything,” he explained. “It’s about making smart financial choices, being disciplined with your spending and prioritizing what truly matters to you.”
According to Meursing, by outsourcing services, you can free up more resources to invest in experiences, personal growth and the things that bring you genuine happiness.
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This article originally appeared on GOBankingRates.com: 5 Services You Would Just Pay Others To Do If You Were Rich
