![\"Businessman](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/01\/rich-wealthy-senior-man-reads-paper-ipad-blue-suit-cafe_iStock-1267547577.jpg\")
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GOBankingRates’ editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services – our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines<\/a> and our products and services review methodology<\/a>.<\/p>\n 20 Years Trusted by It\u2019s barely 2026 and like a lot of people, you might be worried about money already. You know who isn\u2019t worried? The rich. That\u2019s because the start of the new year doesn\u2019t mean resolutions like the rest of us. Rather, it\u2019s a time to plan, strategize and get finances in order for the year to come. Plus, they do it all in about two months time, with a little foresight and prep into the following ten months.<\/p>\n GOBankingRates got in touch with Kristy Kim, the CEO and founder of TomoCredit<\/a>, below is what she said high-net-worth households do differently<\/a> in the first 60 days of the year.<\/p>\n Making Swift Decisions<\/p>\n According to Kim, one of the biggest differences between middle-class and high-net-worth households is that high-net-worth households use the first 60 days of the year to make intentional calls about cash flow, taxes and investing.\u00a0<\/p>\n<\/p>\n \u201cMiddle-class households tend to \u2018ease\u2019 into their financial decisions<\/a> or save them for last-minute,\u201d Kim explained. \u201cPlanning for wealth<\/a> doesn\u2019t mean you have to make a ton of money, but knowing where you want your money to go and what your annual strategy will be will help set you up for money in the long run.\u201d\u00a0<\/p>\n When money gets \u201cassigned\u201d its tasks early, it \u201ckeeps you from playing on the defense later or scrambling to catch up,\u201d Kim said.<\/p>\n Prepping Taxes Ahead of Due Date<\/p>\n Nobody likes thinking about taxes, even the wealthy. However, Kim highlighted that thinking about taxes early and voluntarily is a lot easier than scrambling to pull funds together by the time April rolls around. At least, that\u2019s what the upper class do.<\/p>\n \u201cTop earners treat tax planning<\/a> as part of their wealth planning instead of a dreaded chore,\u201d Kim explained. \u201cThis means that early in the year, they\u2019re optimizing retirement contributions, timing income and identifying deductions or charitable strategies they can qualify for before the tax window closes.\u201d<\/p>\n Sticking To the Wealth Building Plan<\/p>\n Even when the outlook feels uncertain, top earning families steady the course, through ups, downs and all arounds.<\/p>\n \u201cWealthy households don\u2019t wait for perfect market conditions \u2014 and they know there is no such thing,\u201d Kim said. \u201cIf you wait until the grass is knee high and the sun is perfectly high-in-the sky, then you\u2019re missing out on the most important currency when it comes to financial planning: time.\u201d\u00a0<\/p>\n Kim outlined that high-income earners rebalance after a shift, then deploy excess cash and automate investing early<\/a>, focusing on long-term positioning rather than short-term headlines. \u201cThis gives them more and more financial leverage year after year-leverage that just compounds,\u201d Kim added.<\/p>\n Having Cash Protections<\/p>\n Kim noted how high-net-worth<\/a> households protect cash or \u201cliquid gold\u201d by having reserves saved up<\/a> during the first 60 days of the year.<\/p>\n \u201cOne of the most overlooked, but most important wealth habits, is optionality,\u201d Kim said. \u201cTop earners build and maintain accessible cash early in the year for flexibility \u2014 to invest, pivot or withstand uncertainty without stress.\u201d<\/p>\n Separating Income From Wealth-Building<\/p>\n High earners regularly audit where money is just sitting, what\u2019s compounding and what\u2019s underperforming based on Kim\u2019s professional experience.<\/p>\n \u201cThe goal isn\u2019t complexity,\u201d Kim added, \u201cit\u2019s clarity and consistency. High earners know that every dollar should either be growing, protecting the downside or buying flexibility and options.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"praetorianphoto \/ iStock.com Commitment to Our Readers GOBankingRates’ editorial team is committed to bringing you unbiased reviews and…\n","protected":false},"author":2,"featured_media":289276,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[28,17299,2066,147,530,1432],"class_list":{"0":"post-406260","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-gobankingrates","10":"tag-money","11":"tag-personal-finance","12":"tag-personalfinance","13":"tag-wealth"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/406260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=406260"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/406260\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/289276"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=406260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=406260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=406260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/cdn.gobankingrates.com\/wp-content\/uploads\/2023\/11\/icon-20.svg?webp=1&quality=75\"){kind=icon}
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