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Compounding returns that come with investing are necessary to build substantial wealth over time.

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MORE IDEAS FROM THE SAME ARTICLE

The wealthy see money as a resource and a tool to help them build wealth over time.

Building wealth is about cutting costs as well as looking for ways to earn more money.

Create an emergency fund to avoid the need to turn to debt.

Learn how to spend on the things that matter to you. 

Pay down your high-interest debt as quickly as possible. 

The right insurance coverage can reduce your financial risk that might go toward replacing losses. For instance, homeowners insurance, health insurance, disability insurance, car insurance.

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