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When people say that building wealth is a long game, they mean forever.
A retiree who owns their home might underestimate the cost of purchasing a new home or renting.
Additionally, the expense of preparing a home for sale can quickly add up without increasing the homes value.
Your Collectibles and Family Heirlooms
Heirlooms hold sentimental value and are part of your legacy.
Plus, you may later regret parting with the items.
The same goes for collectibles.
Over time, the value of things likeartwork, antiques, vintage cars and memorabilia collectionscan increase significantly.
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