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However,two self-made millionaires have a different opinion.
Im just not a believer in saving money, Corcoran explained toCNBC Make It.
Ive never saved a dime my whole life.
Saving, saving, saving wont bring you wealth…
The ONLY thing that will bring you true wealth is investing.
Its true that investing is one of the best ways to build true wealth and create cash flow.
Money indeed makes money, and investing carefully can get you there.
Avoid Financial Fear
Investing isnt for the faint of heart, theres no doubt about it.
However, wealthy individuals like Corcoran and Cardone didnt get rich by being risk-averse.
Cardone was raised by risk-averse parents who were terrified of losing their money.
As a result, their wealth didnt grow as much as it could have.
Its important to remember that whileinvestingalways comes with financial risk, it can also come with financial reward.
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