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But as it turns out, any of us can make the same money moves and reap the benefits.
Read below to learn more ofhis experiences working with the rich.
They track their expenses meticulously and allocate their income purposefully.
For instance, I have a client who started with modest means but has now built significant wealth.
She attributes her success to the budgeting habit she developed early on, he explained.
Ive always lived below my means,' she told me.
Even as my income grew, I maintained the same lifestyle and funneled the extra money into investments.
Its amazing how quickly wealth can accumulate when disciplined about spending,Salahi added.
They stay informed about market trends, tax laws, and personal finance strategies, he said.
The day you stop learning is the day you start losing ground, he said.
They understand the importance of diversification not just in investments but in income sources as well.
Theyre not swayed by get-rich-quick schemes or market volatility, he said.
Ive learned to tune out the noise and stick to my long-term financial plan.'
They are powerful tools for financial success, regardless of ones starting point, he added.
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