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Characteristics Of The Wealthy
- They live in homes just large enough for their needs and drive used cars.
- They have affordable interests.
- They don’t worry about having the highest credit score possible as they have enough saved to skip loans and make large purchases with cash.
- When they get a raise, they focus on investments instead of raising their spending.
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2.81K reads
Rich And Wealthy
By making wealth your priority now, you could be both later. Establish a strong financial foundation that will give you financial security and peace of mind moving forward.
Living paycheck to paycheck is a guaranteed way not to build wealth.
If you’re just starting on your personal finance journey, it might not be time for you to start acquiring these assets yet.
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2.06K reads
How To Become Wealthy
- Investing in stocks is simple if you avoid lucky stock picking. Keeping long-term perspective, invest early, especially in low-cost index funds.
- Rental properties.
- Small business ownership.
- Delaying gratifications.
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2.81K reads
Things To Do Before Focusing On Building Wealth
- Create a budget and stick to it
- Pay off your debt – especially high-interest credit card debt
- Learn how to save money to cover unplanned expenses
- After establishing an emergency fund and becoming debt-free, go all-in on building wealth!
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2.18K reads
The Definition Of A Rich Person
Someone rich is someone who has the prestige and social status that comes with living a lavish lifestyle. This definition ignores the fact that some rich people have their finances in disarray and live paycheck to paycheck or in debt.
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1.87K reads
On Being Wealthy
Your wealth is the value of the assets you own.
A wealthy person aims to build or acquire assets that hold their value or generate ongoing income, thus providing security and peace of mind.
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Rich Vs Wealthy
- Being rich is having the ability to spend lots of money now;
- Being wealthy is accumulating assets that allow to you preserve your money for use in the future.
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2.05K reads
IDEAS CURATED BY
"Making money is art and working is art and good business is the best art." ~ Andy Warhol
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The Simple Path to Wealth Summary
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