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And the wealthy never ever waste time on certain things.
Here are the things wealthy people never waste time on.
Also, learnwhat the wealthy do with their money that you’re free to do, too.
Rather, long-term wealth accumulation enabled by consistent saving, investment and continuous education is the focus.
Rather than focus on stock picking, wealthy people focus on portfolio diversification, Garcia explained.
Instead of spending on depreciating assets, they save surplus income, avoiding lifestyle inflation.
They also emphasize financial literacy by studying about money and investing extensively.
More than three-quarters, 85%, reported that they read at least two books a month.'
He added that the wealthy see failure as an obstacle, but also as a learning opportunity.
Construct a budget that seeks wealth-building activities instead of mindless expenditures.
Wealth is built over time and through consistent, informed decision making over the years.
While there is no glamour behind this approach, he said its proven time and again.
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