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Best Way to Grow Your Money and Safeguard It – PillarWM

Whether you dream of enjoying a luxurious lifestyle, retiring comfortably, or simply taking your financial status to the next level, you need a sound investment plan. To achieve this, you might want to start with getting advice from an expert on the best way to grow your money. Ultra-high net worth investors, in particular, require professional financial advice, which is why we have prepared our Ultimate Guide to help affluent families find the best financial advisor.

7 Secrets minified

7 Secrets To High Net Worth Investment Management, Estate, Tax and Financial Planning

The insights you’ll discover from our published book will help you integrate a variety of wealth management tools with financial planning, providing guidance for your future security alongside complex financial strategies, so your human and financial capital will both flourish.

Clients frequently share with us how the knowledge gained from this book helped provide them tremendous clarity, shattering industry-pitched ideologies, while offering insight and direction in making such important financial decisions.

Pillar Wealth Management is an independent firm offering expert services to high net worth and ultra-high net worth investors with $5 million to $500 million in liquid assets. Our services include retirement planning, investment and portfolio management, tax planning,estate planning, and much more. Our experienced and highly qualified financial advisors assist wealthy individuals and families in growing their money to meet their goals and attain financial serenity.Schedule a chat with one of our wealth managers to learn more.

In this article, we will discuss the numerous streams of in come that investors use to grow their wealth and how they can adopt slight changes in their lifestyle and spending habits to save more money.

Table of Contents
The Best Way to Grow Your Money and Sustain It
Understanding Your Sources of Income
How to Get Started on Growing Your Money
Growing Your Wealth and Protecting Your Assets with Pillar Wealth Management

The Best Way to Grow Your Money and Sustain It

Due to the fast-paced market and unpredictable economic conditions, you might find yourself asking how do rich investors acquire their wealth and maintain their million-dollar net worth. Unfortunately, there is no shortcut, at least not if you want to be able to sustain your newly acquired financial status.

Most families build their wealth by monitoring the difference between their income and expenditure ratio. A higher ratio means that you’re saving more money. A lower ratio means that you’re spending more than you should. Being cautious beforehand helps spread your bets so that you’re not blindsided by financial mishaps.

Of course, when you have a net worth of millions of dollars, this seems like less of an issue. However, if you want to move a step up the ladder, you might have to make a few changes in your lifestyle and spending habits. Alternatively, you could seek to increase your income by starting a side-hustle, exploring new business ventures, or seeking a high-paying job. In either case, the following tips can help you.

Best Way To Grow Your Money

1. Starting Off Early and Earning More Money

There is no perfect time to start growing your wealth, so why not start as early as possible? If you’re starting out from scratch, the only way to make money is to earn it. Whether you decide to opt for a high-paying career, a promising business venture, or starting a passive income project, starting early increases your chances of success.

2. Stay Out of Debt

Retaining your money is just as important as earning it. While getting into debt might be unavoidable in some cases, you can try making smarter decisions. After all, you don’t want to spend your whole retirement trying topay off your mortgage. You can work with a professional to help you create a plan that allows you to speed up your mortgage payments.

Similarly, investing while you’re in debt can cause you more trouble than success. It is wiser to wrap up your liabilities before investing in wealth enhancement plans. Partnering with the right financial advisor can help you with debt management and financial planning. For investors with more than 10 million dollars, we have prepared an Ultimate Guide to choose the best financial advisor.

3. Reduce the Amount You Owe in Taxes

Taxes take up a significant amount of your earnings, particularly if you’re a high net worth or ultra-high net worth investor. Losing your wealth to taxes is counterintuitive when you’re trying to build it. Hence, cutting down on them legally can help you retain more of your wealth.

Experts can help you legally bring down your taxes by using strategies such as:

• Setting up health savings accounts

Tax-deferred investment accounts

• Making charitable donations

• Contributing to retirement accounts

• Claiming business reductions

Wealth managers can help you stay on top of your tax management. You can get in touch with our team and learn about the strategies that we use to help you mitigate your taxes.

4. Monitor Your Living Standards and Expenses

When you start generating a large income, it can be tempting to spend it on luxuries that you can now afford. However, the key to a stable and steady financial future is to gradually work your way towards a higher standard of living.

Mapping out your finances can give you clarity on how much you can afford to spend while still achieving your goals. If you would like to learn more about why this is so vital, you can read our Performance Guide – Improving Portfolio Performance: The Shifts Multi-Millionaires Must Make to Achieve Financial Security and Serenity.

Understanding Your Sources of Income

When exploring your options on the best way to grow your money, you will likely come across various income sources that help you generate wealth. These active and passive income sources can be used to help you pay off your mortgage, debts, and loans or used to contribute to your savings.

What is Passive Income?

Passive incomes allow you earn a portion of money even when you’re not directly involved in the particular business transactions. However, you need to be intelligent about which passive modes of income are suitable for you. It can take a lot of time, hard work, and initial investment to set up these income sources.

Using the right marketing strategies and research can help you set up income sources that allow you to receive a constant supply of money with minimal involvement.

What is Active Income?

An active or earned income is the primary source of income generation for most people. Unlike in passive income sources, you are directly involved in dealings, either in the form of doing work, providing a service, or working a 9 to 5 job.

In most cases, an active income is not sufficient to meet your financial needs, especially if you have higher ambitions to grow your wealth or save up for luxuries. Hence, many wealthy investors have passive income streams in addition to their active income.

With any source of income, it is necessary to be regular to ensure that you’re on track to meet your goals. Here are some ways investors choose to earn their passive income:

1. Renting Out Property to Earn Income

For wealthy investors who own multiple properties, this is an excellent source of income. They can rent out real estate or portions of buildings to generate money.

Although, for the average investor, it can take years to own a house or property to rent out. Renting out a cheaper property or posting a spare room on Airbnb will only generate minuscule returns. Therefore, this type of income is more suitable for individuals with generational wealth.

2. Interests Income

Interest income is when you invest in government saving schemes or use the power of compound interest to generate income. The money you lend to the government is put back into your account with an additional bonus.

Interests income is an additional source of wealth which people usually undermine. Combining compounding power and government schemes or bonds with negligible risks can spread your bets and give you an exceptional supply of backup money.

3. Royalty and Profits Income

Artists and creative people can make use of their talent by making unique pieces of digital art, music, or photographs and sell them on websites. By selling access to your artwork, you can earn royalties whenever someone uses it.

Entrepreneurs earn profits through heavy-initial investment plans to make their wealth. To do this, you’ll first need to understand how to manage the system you’ve created and sustain it. Then, you can sell your product or service for a slightly higher rate than what you bought it for. For example, you can purchase wholesale items at a discount and sell them for a profit in your own retail store.

4. Investing in Dividends and Market Shares

Coming to the investments side of income generation, dividends, company shares, or stock market shares require a certain level of technical proficiency. Working with a professional investment manager can help you invest in stocks that support your financial plan and help you reach your goals. They can also help with damage control from unpredictable stock market conditions.

An expert can help you narrow down which source of income is best for your unique financial profile. They can also help you be regular by creating a financial plan that works to spread your bets and protect your assets.

How to Get Started on Growing Your Money

Having a head start on enhancing your wealth is great, but if you’re just starting out, you might want to keep things simpler by focusing on how to pay off your mortgage, spread your bets, and be regular with your financial habits.

Many affluent investors spend years accumulating their wealth, using a combination of wealth-saving and wealth-boosting strategies to reach where they are today. You can talk to our wealth management team to learn how we have helped our affluent clients enhance their wealth.

Work with a Financial Advisor

A financial professional can talk to you about the advantages and disadvantages of the various financial tools at your disposal: savings accounts, stocks, IRAs, mutual funds, etc.; they can guide you according to your unique financial situation.

A financial advisor can help you craft your financial portfolio and figure out which strategies are the best for your financial profile. The right advisor will guide you on the best way to grow your money and sustain it. You can find such an expert by reading our Ultimate Guide to Choosing the Best Financial Advisor for Families worth $5 Million to $500 Million.

Invest Wisely

Anyone who has built their wealth will tell you how important it is to make smart investment choices. Whether you work with a professional or decide to tackle it on your own, you need to do ample research on the correct and most fruitful ways to invest. Some of these investments include real estate, interests, dividends, stocks, or businesses.

Becoming a smart investor requires you to be mindful of your resources and placing them in investments that generate maximum returns. This helps you spread your bets and minimize risk.

Consider More Than One Passive Income Source

Taking the time to arrange and build passive income sources is worthwhile since they are the most steady and sustainable way to generate more money. They protect you from financial ruin, contribute to your retirement plan, and allow you to have a steady cash flow separate from your active income.

If you a liquid net worth of millions of dollars, you will need an expert to look after your financial matters. Read our book, The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies For Families Worth $25 Million To $500 Million, to learn why it’s so important to protect your wealth.

Growing Your Wealth and Protecting Your Assets with Pillar Wealth Management

Knowing the best way to grow your money requires more than just saving from your monthly budget. You need financial foresight, an investment plan, and versatile tactics, all of which you can gain through the assistance of a financial advisor or wealth manager. If you’re interested in learning about the strategies we use, you can read our brilliant guide on 5 critical shifts for maximizing portfolio growth.

Pillar Wealth Management is a private wealth management firm with decades of experience in helping affluent families with various financial aspects such as identifying the best way to grow your money, debt management, tax management, risk management, and more. We provide fiduciary, fee-only financial advisory services to clients with 5 million to 500 million dollars in liquid investable assets. If you want to access the extensive knowledge of our elite wealth managers, call us to schedule your first consultation.


To be 100% transparent, we published this page to help filter through the mass influx of prospects, who come to us through our website and referrals, to gain only a handful of the right types of new clients who wish to engage us.

We enjoy working with high net worth and ultra-high net worth investors and families who want what we call financial serenity – the feeling that comes when you know your finances and the lifestyle you desire have been secured for life, and that you don’t have to do any of the work to manage and maintain it because you hired a trusted advisor to take care of everything.

You see, our goal is to only accept 17 new clients this year. Clients who have from $5 million to $500 million in liquid investable assets to entrust us with on a 100% fee basis. No commissions and no products for sale.

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