While having a higher income helps with wealth building... what really matters is how much of the income is invested.
Someone who makes $250k but spends $260k is slowly falling behind someone who makes $70k, spends $50k & invests $20k!
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Similar ideas to Income does not equal wealth.
Spending money to show people how much money you have is the fastest way to have less money.
We tend to judge wealth by what we see because that’s the information we have in front of us. But the truth is that wealth is what you don’t see. Rich is a current income. Nice cars...
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