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You might not be a millionaire — yet — but many of the financial planning strategies that apply to the wealthy also apply to those who haven’t quite hit the seven-figure mark. You might also have the goal of building your wealth, maintaining your wealth or achieving financial freedom — all common goals of millionaire women.

In this “Financially Savvy Female” column, we’re chatting with Katie Randall, a financial advisor at Prime Capital Investment Advisors who collaborates with high-earning, millionaire women to help them achieve their financial goals. Here are Randall’s top tips for her female millionaire clients.

Whether you’re in a phase of maintaining your wealth or growing your wealth, Randall says the first thing you should do is to create a “completely systematized investing experience.” When Randall works with her clients, she funnels their income streams into their portfolios automatically and cuts them a “lifestyle paycheck” from their investment earnings every month, which is what they live off of.

Want to read the full article? Check it out here.

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