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The title of the show is rhetorical.
Understanding how millionaires think, and why, will help you get on the road to riches.
What domillionaires know about money and money management that you dont … yet?
Anything more is excessive and downright wasteful.
And millionaires know this.
Its subject to inflation and wont be worth as much tomorrow.
They have to be incredibly organized with their spending and micromanage just about every dollar they spend.
Tracking both your day-to-day expenses and long-term goals is crucial to building a secure financial future.
you could easily do as millionaires do here.
Try setting aside time each week to take a closer look at your finances, Moore said.
They Know To Be Proactive With Tax Planning
Ugh, tax season is here.
Should you wait until the last minute and just phone it in right before the deadline crashes down?
A lot of us do that, but not millionaires.
They know the importance ofproactive tax planning.
But this isnt the norm.
Generally, millionaires dont succumb to pressures to flaunt their wealth.
Designer clothing tends to lose the bulk of its value the moment it leaves the store.
Wearing less costly fashion leads to increased savings and investment, which builds wealth.
To generate compound interest you oughta be patient and let time do its money-making thing.
Patience is a virtue when it comes to building wealth.
The wonders of compounding make a relatively small investment grow exponentially over time like the proverbial snowball rolling downhill.
That is, time in the market is much more important than timing the market.
People whove yet to make their millions should take note.
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