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You can build wealth without a high income, but have no chance of building wealth without a high savings rate.
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Spending money to show people how much money you have is the fastest way to have less money.
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Be nicer and less flashy. No one is impressed with your possessions as much as you are.
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Building wealth has little to do with your income or investment returns and more to do with your savings rate. The value of wealth is relative to what you need. A high savings rate means having lower expenses than you otherwise could, and having lower expenses means your savings ...
A high income can lead to great wealth — although it doesn't always — but they're not the same thing. Earning money is only part of the equation. What you do with the money you earn has a profound impact on your wealth.
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