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How do you definewealth?
The majority (71%) of survey respondents define wealthy as not having to live paycheck to paycheck.
Other criteria followed closely behind.
If you dont consider yourself wealthy, you arent alone.
As people make more, they tend to spend more.
Just because a person doesnt live paycheck to paycheck doesnt mean they are wealthy.
Nicer things and higher pay also do not equal wealth.
She also defined wealth as not havingcar payments or credit card debtthat drain her extra cash.
There are many free apps and programs that you could use to create and maintain a budget.
Apps likeGoodbudgetand Ramsey SolutionsEveryDollarcan help you monitor your income, expenses and spending.
Ask the wealthiest person you know for a recommendation on a financial planner, Groberg said.
Avoid anything that is a quick return or all or nothing,' she said.
Wealth is built day by day, year by year, and any other strategy is unsustainable.
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