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You probably havepersonal financerules you follow.
But how practical are these rules for billionaires?
The truth is the ultra-wealthy dont follow most of these rules.
Here are the most common personal finance rules that dont apply to billionaires and why.
Here are the money moves Musk has made instead, proving what a billionaires wealth looks like.
Billionaires dont allocate their income to various expenses.
They structure their finances around investments and business ventures with potential for exponential returns.
However, billionaires dont need an emergency fund.
This traditional retirement planning strategy doesnt apply to billionaires, according to aposton Unboxify.
Thispersonal finance rulehelps reduce risk as you age while still allowing for long-term growth potential.
As billionaires age, they continue to make risky financial moves as they arent worried about outliving their money.
Their goal isnt preserving wealth; its growing and finding ways to maximize returns, regardless of their age.
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