A new year makes people think about how they want to spend and save money differently.

CNBC Select spoke with Michael Sonnenfeldt, founder of TIGER 21, a peer-to-peer network for high-net-worth individuals. He says, instead of trying to time the market, his clients are going “back to basics,” putting focus on long-term investments in businesses, real estate and diversified portfolios.

You don’t need millions to benefit from the investing strategies the ultra-wealthy use. Many, like long-term thinking, diversification and financial discipline — apply to everyday investors.