The article argues that a key habit among wealthy people is seeking advice before making major financial decisions, rather than relying solely on personal judgement. Its author contends that financial success often depends as much on avoiding costly mistakes as on making good choices, and says this becomes particularly important as people gain income and assets.

Drawing on more than 30 years of experience advising families and managing billions of dollars, the author says successful people build teams of trusted advisers. The piece warns that growing wealth can create overconfidence, leading people to believe they no longer need outside perspectives when making significant financial choices.