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Businessman MARK CUBAN speaks at a small business roundtable for the Kamala Harris for President campaign in Phoenix, Arizona.

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I want to live off this for a long time.

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As he told CNBC, he doesnt own a yacht or hire butlers oreven house cleaners.

Indeed, many millionaires are frugal.

Instead, they plan meticulously.

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Maintain a Diverse Portfolio

This applies to any investor, regardless of how much money you have.

This approach minimizes the risks associated with economic fluctuations and regulatory changes.

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