Always Have An Exit Strategy.
You don’t just go into a deal without a way out. The wealthy always know when and how they’re going to cash out before they even make the investment. Know when to sell, how to make sure you get the maximum return, and how to walk away from bad deals before they get worse. You have to have a plan for everything. The key is to always have a plan in place. This involves risk management, understanding market conditions, and having contingencies for potential setbacks. The rich don’t get blindsided because they’ve prepared for various scenarios and have strategies to pivot if necessary.
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