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Here are ninesmart spending habits that successful people have.

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Value Experiences

Forget material goods.

More often than not, successful people spend their money on things that are not tangible, said Lupone.

Besides enhancing their lives, this too creates memories and facilitates personal development which lasts longer.

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Its easier said than done, but not impossible.

money coach and founder ofMoney Essentials for Women.

Plan your meals ahead of time and only buy what you need at the grocery store, advised Cole.

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Continuous learning is a key characteristic of wealthy individuals, said Lupone.

They read books, attend seminars or get mentored by those who have made it before them.

They invest in education because it always gives the best returns.

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Fall in love with activities that dont cost anything, said Cole.

Have a Money Mindset

Know your financial goals like the back of your hand, said Cole.

Being ready for tomorrow is one thing that distinguishes achievers from other people, Lupone said.

Successful individuals always know anything can happen at any time, hence the need for a savings account.

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