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Many people dream of becoming wealthy overnight.
Some may even be drawn to get-rich-quick schemes that end up being a huge disappointment.
Here are some strategies people often believe willsignificantly boost their wealth but, in reality, have minimal impact.
One of my clients once shared: I spent years avoiding non-essential purchases, thinking I was building wealth.
But I realized I was depriving myself of making real progress.
It wasnt until I focused on increasing my income that I saw significant changes in my net worth.'
The time investment often outweighs the financial benefit, the expert noted.
This can lead to scattered, ineffective attempts at wealth-building, he warned.
He said it took the client years to realize he was spending more than he was saving in taxes.
While not harmful, Salahi said these habits often provide a false sense of financial progress.
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